A Dragonfly Capital partner believes Cardano is a religion and Charles Hoskinson responds from his Twitter account.
In a recent episode of the cryptocurrency and blockchain podcast “Crypto Banter,” hosted by CNBC crypto expert Ran NeuNer, DragonFly Capital partner Haseeb Qureshi noted that Big investors ignore Cardano and that Due to its lack of technology, this blockchain is more like a religion than to a cryptographic product.
In addition to Dragonfly Capital partner Ryan Selkis, founder of Messari, and Avichal Garg, CEO of Electric Capital and venture capital investor, the “Crypto Banter” episode featured guests.
When the podcast host asked the participants Why Big Investors Seem to Ignore the Leading Proof-of-Stake Blockchain Qureshi replied that “all the big smart money investors don’t think about Cardano. They don’t spend time on it, they don’t research it.”
For Qureshi, Any good crypto project is a mix of “technology and religion”However, for the Dragonfly Capital partner, Cardano lacks the technology, so it only offers a religion. A statement that the host of the show and several of the participants agreed with.
In this regard, NeuNer noted that unlike other blockchains such as Ethereum or Solana, Cardano and Charles Hoskinson have adopted a slower approach to building your blockchain way more deep and academic, without rushing and paying the greatest possible attention to every detail of the process.
Therefore, NeuNer points out that when talking about Cardano, we are still “very early in the race.” Although the presenter also pointed out that despite everything, there is not much activity on Cardano, There aren't a lot of developers working on it nor venture capital firms betting on investing in ADA.
What has been Charles Hoskinson's response?
Cardano founder Charles Hoskinson was quick to respond to these claims. Using his usual sarcastic tone, Hoskinson took to his Twitter account to respond, noting that “if Cardano is just religion without technology, all the development teams should pack up and look for other platforms, and probably should too.” close all academic research centers and lay off hundreds of computer engineers working on the project.”
Cardano regains positions in the ranking of the main cryptocurrencies
Despite the constant criticism it receives, Cardano remains one of the top cryptocurrencies by market capitalization.
In fact, recently ADA has regained the number seven position on the list of top cryptocurrencies, surpassing BUSD, reaching $18.510 billion in market cap. If ADA's bullish momentum continues, it could soon overtake XRP for the number six spot, as the Ripple coin has a market capitalization of $18.600 billion.
Despite the good moment that ADA is experiencing after the implementation of hard fork Vasil, ADA still unable to break the $0,50 barrier.
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