Cardano Founder Reiterates Long-Term Purpose Amid Sell-Off Panic

Cardano (ADA) has been experiencing struggling prices since it hit its all-time high above $3 back at the start of September. Since then, it has been on a downward trend and had fallen below $2 for the first time as October drew to a close. Despite some important announcements and strides on the part of the project, the token has not seen much recovery, leading to panic among its holders. In light of this, founder Charles Hoskinson once again took to YouTube to address those whom he thinks are too overly concerned about price rather than the technology. This will not be the first time that the mathematician has had to address price concerns from the community. Related Reading | Cardano Founder Says Metaverse Is Important For Crypto A week ago, Hoskison had also taken to his YouTube channel to address price speculations, mentioning that money was not the purpose of Cardano. Rather the benefit of the blockchain to humanity was the goal. Hoskinson Calls For Calm In his YouTube video, the Cardano founder asked the community to calm down when it comes to the price of the digital asset. There have no doubt been sell-offs happening in relation to the cryptocurrency but this is normal for any asset really. Investors will get to a point where they sell off some of their holdings to take gains. The founder asked people who were in a panic over this sell-off to “chill out”. ADA low momentum continues | Source: ADAUSD on Trading...