ADA's Hoskinson Predicts How Long The Crypto Winter Will Last

ADA's Hoskinson predicts that the downfall of the stablecoin project doesn't really mean the end of crypto although the situation looks quite grim over the past few days so let's read more today in our latest Cardano news. Bitcoin plunged to a 16-month low while the altcoins crashed harder in the past week or so.

Timeline of Cardano

After a tumultuous couple of weeks with bearish pressure causing the majority of cryptocurrencies to extend to the downside, Bitcoin today, May 13, has reclaimed the crucial $30,000 level. Cryptocurrencies across the board were rebounding from brutal sell-offs in this week's crypto bloodbath. Cardano (ADA) Founder Charles Hoskinson in a recent video says, large corrections are routine …

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Shiba Inu. Ethereum (ETH) Ethereum had crashed this past week, with the largest selling volume taking place on Thursday when the price reached its lowest level in 2022 at $1,700 (on Bitstamp).

It might be Friday the 13th, but the real scare for many bulls probably came a day earlier, when Bitcoin dropped below $27,000. However, as Bitcoin hit $30k again and the top ten cryptos by market cap fell into formation, here's how the seventh biggest asset was doing.

Investors trying to diversify their portfolios are flocking to the leading cryptocurrencies. However, now that many developing businesses are embracing cryptocurrencies as valid forms of [.

Bitcoin price climbed above the USD 30,000 resistance level and is currently (11:45 UTC) consolidating gains above USD 30,500. BTC jumped almost 7% in a day, trimming its weekly losses to less than 17%.

The ADA/USD price shows recovery after going through a massive loss yesterday, as per Cardano price analysis. The price stooped as low as $0.471 from $0.631 in a heavy sell-off that lasted for the past two days.

Cardano (ADA) founder Charles Hoskinson says large corrections are routine parts of the crypto industry and that the hysteria surrounding the latest market crash is inflated. In a new video update, Hoskinson says that seasoned investors seem unfazed by the most recent sharp market downturn as they have witnessed similar-sized corrections in the past, while The post Cardano Founder Charles Hoskinson Says Fears of Crypto Market Collapse Overblown, Sets Timeframe for Recovery appeared first on The Daily Hodl.

Post the ongoing bloodbath, the global market cap crashed all the way down to the $1.25T-mark at press time. As a result, Cardano, Dogecoin, and Shiba Inu found newer multi-month lows while their 4-hour technicals flashed oversold readings.

The Cardano price analysis indicates a sharp decline in price levels as the price has now moved down to meet $0.418. The progress has been in the bearish direction, as the bearish momentum has been continuously intensifying.

Cardano founder Charles Hoskinson said that ADA's $723 million treasury is decentralized. The post Hoskinson says Cardano has decentralized treasury valued at $723M in ADA, pokes fun at Terra appeared first on CryptoSlate.