Charles Hoskinson, the CEO of IOG, who created Cardano, has reacted to a post originally published by CNBC, where a user claimed the loss of 7,000 Euros ($7,469) after purchasing ADA, the native token of the Cardano blockchain.
A couple of hours ago, a user identified on Twitter as DAhodling drew Hoskinson’s attention to an article based on recent comments by European Central Bank President Christine Lagarde, who tagged crypto as a worthless asset.
In an appearance on the Dutch talk show “College Tour” on Sunday, Lagarde said, “My very humble assessment is that it is worth nothing.”
User Claims the Loss of 7000 Euros after Buying Cardano (ADA)
As reported by the news outlet CNBC, someone in attendance claimed the loss of 7,000 Euros worth $7,469 after buying Cardano (ADA). Reacting to the user’s pain, Lagarde said, “That hurts.”
In response to the tweet, Charles Hoskinson wrote, “Where did it go? Is the Ada hiding? Should we make a where’s Waldo for ada?”
Where did it go? Is the Ada hiding? Should we make a where's Waldo for ada?
— Charles Hoskinson (@IOHK_Charles) May 23, 2022
The crypto market, led by Bitcoin (BTC), has not printed any notable growth since the beginning of this year. Bitcoin, the largest crypto by market cap, has lost more than 50% of its price since reaching its all-time high in November 2021.
Also, Cardano (ADA), the 7th largest digital currency by market capitalization, is down 82% from its price all-time high of around $2.80 it attained in September 2021. ADA, just like the rest of the assets in the market, has underperformed since the start of 2022, losing over 59% since January.