Charles Hoskinson says that it is “business as usual” for Input Output despite cryptocurrency market
Input Output CEO Charles Hoskinson dismissed concerns about the current cryptocurrency winter, arguing that bear markets are “actually quite comfortable” in a recent maintenance with Yahoo! Finance.
Hoskinson claims that bull markets are “frustrating” because no one wants to cooperate. “You have a lot of poaching, unrealistic wages, and unrealistic expectations,” the Cardano founder said.
The Cardano founder, who has now been through seven bear markets, says major advancements, such as smart contracts, usually appear during the toughest times.
As reported by U.Today, Cardano is now on the verge of launching the Vasil hard fork, which is expected to go live on June 29.
In a recent interview, Hoskinson explained that the highly anticipated upgrade will deliver a slew of blockchain scalability improvements. He claims that the trading volume on Cardano is “growing exponentially”. Therefore, the developer team is implementing new upgrades in order to meet additional demand.
Hoskinson singled out the NFT space as a “surprising” area for growth. He estimated that 40% of all applications that are being deployed on Cardano are NFT-related.
Cardano (ADA) is down almost 5% in the last 24 hours. The token is down nearly 80% from its all-time high reached nine months ago.
As reported by U.Today, Hoskinson opined that the crypto industry had entered a bear market in early May.
