Cardano founder intensifies rivalry with Ethereum amid ADA’s bearish streak

Date:

  • Charles Hoskinson promotes Cardano over Ethereum in a surprise AMA session on Sunday. 
  • Cardano’s ADA token extends the downtrend for the fourth consecutive day, risking a drop below $0.80. 
  • The on-chain data reflects Ethereum’s superiority over Cardano.

Charles Hoskinson, founder of Cardano (ADA), has intensified the rivalry with Ethereum (ETH) and made other key comments in his recent Ask Me Anything (AMA) session on Sunday. Ethereum, the largest altcoin by market capitalization of $532 billion, outpaces Cardano by a huge margin, which has a valuation of $28 billion. Furthermore, the on-chain data puts Ethereum on a pedestal far higher than Cardano, reflecting its larger adoption.

Key comments of Charles Hoskinson

Charles Hoskinson, one of the co-founders of Ethereum, has picked sides with his brainchild, Cardano. In an AMA session on Sunday, Hoskinson responded with “I want Cardano to win” against…

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