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Ben Armstrong Weighs in on Cardano’s Resilience and Challenges

Published 01/03/2024, 04:58 PM
Updated 01/03/2024, 05:15 PM
Ben Armstrong Weighs in on Cardano’s Resilience and Challenges

  • Prominent crypto commentator Ben Armstrong highlights the polarized sentiment around Cardano (ADA).
  • Armstrong acknowledges vocal detractors who claim “Cardano is finished” and label Charles Hoskinson a “scammer.”
  • He argues for Charles Hoskinson’s credibility, stemming from his early involvement with Ethereum.

According to prominent crypto commentator Ben Armstrong, the sentiment around Cardano has been polarized, with claims of its demise and allegations against its founder, Charles Hoskinson.

Armstrong acknowledged the vocal detractors in one of his recent videos, stating,

Cardano is finished. Charles Hoskinson is officially a scammer, and the platform is vaporware. ADA is basically a stablecoin at this point and never moves.

Contrary to the detractors, Armstrong emphasized ADA’s historical consistency, labeling it “one of the most consistent performing coins in the history of crypto with one of the strongest communities.” In his view, ADA holds a position among the most consistently performing coins with a strong community to rival the XRP Army.

As the eighth-largest cryptocurrency, boasting a market capitalization exceeding $21.5 billion, ADA h…

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