- ADA hovered around $0.25— a confirmation that SOL is outperforming the token.
- If buying pressure fails to outweigh selling pressure, ADA could drop to $0.23.
- Open interest decreased, indicating low liquidity for ADA futures and options contracts.
Cardano’s (ADA) founder Charles Hoskinson is in the news again, and as expected, he has been caught up in another round of controversy. A few weeks back, Hoskinson had argued that ADA was outperforming Solana (SOL) in terms of its price action.
But on October 17, Michael Deckard, a user on X (formerly Twitter) gave Hoskinson a piece of his own cake, showing that SOL had outperformed ADA in the 24 hours. From the chart displayed, SOL gained 8.97% while ADA had to make do with a mere 0.95% increase.
In response to the post, Hoskinson said Deckard had no point and the top gainer is not merely by number but by whichever a platform like CoinMarketCap says it is.
And how would you feel if CMC said Cardano is the top gainer given those numbers? That was my point— Charles Hoskinson (@IOHK_Charles) October 17, 2023
Meanwhile, ADA was not able to follow in Bitcoin’s (BTC) direction after the fake news a partic…
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