Charles Hoskinson Slams Mike Novogratz for Dismissing Cardano (ADA)

Charles Hoskinson Sparred with Mike Novogratz for Downplaying Cardano (ADA) Rally

On August 15, Novogratz shared a tweet that Cardano (ADA), the largest proof of stake blockchain has managed to occupy the third place on leading market data aggregators was a mystery to him.

He added to his criticism of Cardano and said that he had spoken to a lot of people in the space and none of them has witnessed any traction on ADA in terms of developer activity.

In response to this, Charles Hoskinson strike at Novogratz and accused him of being indiscreet understanding with the bankes and predicted that his recent statement is not going to end well.  

At the time of writing this article, the price of Cardano is roaming around the level of $2.14 on major spot exchanges after witnessing yet another intense rally.

Regulator Duking Out on Social Media

This was not the first time when the two had been involved in a fight on social media platforms.

Back in the month of March, Charles Hoskinson began pitching the native currency of Cardano, ADA, to Mike Novogratz, the former Goldman Sachs executive, but now, it seems like that never happened and they never had a conversation about this project.

In addition to this, it should be noted that the IOHK boss has claimed that the fellow crypto billionaire (Hoskinson), was drinking from the Ethereum Kool-Aid. 

Also, back in the month of June, Mike Novogratz released a description of Cardano, addressing the cryptocurrency as a weird cult and received pushback from the community.