Stunning Fall From Grace: Cardano Suffers 90% Plunge In Market Share Since ’21

Quick Summary:

In just 3 years time, Cardano went from 10% of bitcoin’s market cap to a paltry 1%.pic.twitter.com/CkfQ0izHcd — Tuur Demeester (@TuurDemeester) September 2, 2024 Hoskinson was quoted to have insinuated that the cryptocurrency industry doesn’t necessarily need Bitcoin, going as far as to predict that a more secure “digital gold” would emerge and make Bitcoin as obsolete as the Windows operating system, which has seen more forward-thinking platforms like iOS and Android eclipse its importance.

Related Reading: RENDER Flashes Red With 18% Short-Term Loss – Details This slump in market share sends quite a few questions running through the minds of people: what about the future of the Cardano platform and are its highly talked-about smart contracts good enough?

Reaction To Hoskinson’s Bitcoin Remarks Meanwhile, in recent days, Bitcoin community prominent figure Tuur Demeester got into a spat with Cardano founder Charles Hoskinson.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaPhilippines

Topics: Hoskinson Cryptocurrency Market News Bitcoin Crypto ADA Altcoins Smart contracts Cardano

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-04 @ 12:30:55 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 609 words

Reading Time: 4 minutes read

Sentences: 83 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 22366561

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