- Charles Hoskinson shared his take on all of the negative events that have taken place in the crypto space recently.
- The Cardano co-founder stated that crypto is challenging the global order.
- At press time, ADA’s price was down 2.93% over the past 24 hours.
Cardano co-founder Charles Hoskinson shared his take on troubling recent developments in the crypto space in a new YouTube video. In his video, he argued that cryptos are not investment products at their core, but are collectively a gateway to achieving liberation for the first time in humanity’s history.
Hoskinson said that the crypto industry is taking on the entire global financial system, which, to this day, has only benefited a few wealthy and powerful individuals. He implied that the latest misfortunes, such as the SEC suing Binance and Coinbase, are all part of an effort to postpone liberation.
Despite the recent clamp downs on the crypto space, Hoskinson predicted that the crypto space will eventually be the victor in its fight with the global financial order. He also mentioned that legacy cryptos and blockchain networks such as Ethereum (ETH), Bitcoin (BTC) and Cardano (ADA) will fulfill a crucial role in this battle with the traditional financial system.
In related news, the global crypto market cap increased by 2.76% over the past 24 hours according to CoinMarketCap. As a result, the total stood at around $1.12 trillion. Meanwhile, the price of ADA printed a 2.93% loss during this time period – forcing its price down to $0.3427 at press time.
The altcoin had also weakened against the two crypto market leaders BTC and ETH throughout the past day. At press time, ADA was down 6.74% against BTC and 6.30% against ETH.
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