EddieJayonCrypto
26 Feb 25
Charles Hoskinson, the creator of Cardano (ADA), has criticized investors who are selling off their assets prematurely in the ongoing cryptocurrency market sell-off. He highlighted the strong fundamentals of a potential market upswing but expressed disappointment in the behavior of "paperhands" inve...
Charles Hoskinson, the creator of Cardano (ADA), has criticized investors who are selling off their assets prematurely in the ongoing cryptocurrency market sell-off. He highlighted the strong fundamentals of a potential market upswing but expressed disappointment in the behavior of "paperhands" investors who panic and sell off their assets during market volatility. Hoskinson emphasized the need for investors to make decisions based on the market's solid fundamentals rather than reacting emotionally to volatility.
This comes as the price of ADA has plummeted by 13.38% in the last 24 hours, reaching $0.6342, and extending its loss to 18.74% over the last seven days due to market volatility. JPMorgan analysts have also warned about a possible crypto market correction.
Hoskinson said the crypto market currently has "strong fundamentals of a gigabull run," indicating the potential for digital assets to climb in an upward trajectory. However, investors have continued to sell off their assets prematurely, leading Hoskinson to refer to them as "paperhands" – traders who quickly sell off their assets once the market is volatile. He emphasized the need for investors to make decisions relying on the market's solid fundamentals.
Analysts believe the massive decline ADA has suffered in the last 24 hours might have triggered Hoskinson’s post. Cardano's price has shed 13.38% to trade at $0.6342, extending its loss to 18.74% in the last seven days after being on track to reclaim the $1 price level. JPMorgan analysts recently warned about a possible crypto market correction.