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Cardano founder clarifies he never promised ADA would surpass Bitcoin in value.

Market News
14 Nov 2026, 08:50 WIB
Tokenpost
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Cardano founder clarifies he never promised ADA would surpass Bitcoin in value.

Charles Hoskinson, founder of Cardano, addressed investor concerns in a recent YouTube Q&A, stating he never promised that Cardano's ADA token would rise above or surpass Bitcoin in value. He emphasized that he has fulfilled his commitments to the project and that Cardano now operates independently. Hoskinson also explained that ADA had no value before Cardano's launch because the ecosystem was not yet developed, highlighting the token's initial lack of worth before its official release.

As of Nov 14, 2026 14:01 WIB, ADA trades at Rp2.985 on Pluang, down 4.02% in the past day. Despite this decline, ADA's market cap remains substantial at Rp110,43 trillion with a 24-hour volume of Rp4,6 trillion. Compared to its circulating supply of 36,8 billion ADA (82% of total), the token shows strong buy interest with 77% of Pluang orders favoring purchases and a typical hold time of 128 days, indicating investor confidence amid price fluctuations.

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