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Hoskinson Slams Novogratz for Dismissing Cardano

Mon, 08/16/2021 - 05:59
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Alex Dovbnya
The Galaxy Digital boss has downplayed Cardano’s recent rally, claiming that it has zero traction with developers
Hoskinson Slams Novogratz for Dismissing Cardano
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IOHK CEO Charles Hoskinson has once again sparred with Galaxy Digital CEO Mike Novogratz on Twitter after the latter called Cardano’s rally into question.

On Aug. 15, Novogratz tweeted that ADA, the native cryptocurrency of the largest proof-of-stake blockchain, occupying the third place on CoinMarketCap was “a mystery” to him.

He later added that none of the smartest people in the space that he had spoken to saw any traction on Cardano in terms of developer activity.

In turn, Hoskinson lashed out at Novogratz, accusing the former Goldman Sachs executive of being in cahoots with bankers and predicting that his recent statement will not age well.

ADA is currently trading at $2.14 on major spot exchanges after yet another blistering rally.

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This is not the first time that the two have duked it out on social media.

Back in March, Hoskinson started pitching ADA to Novogratz, but it seems like they never had a conversation about the project.

The IOHK boss claimed that the fellow cryptocurrency billionaire was drinking from "the Ethereum Kool-Aid."

In June, Novogratz described Cardano as a “weird cult,” and received pushback from the community.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at