Both projects accomplished new feats this year
Charles HoskinsonCardano founder has reacted to popular trader Pantoshi’s criticism of XRP and ADA. In a tweet, Pentoshi described XRP and ADA as thriving on “empty promises,” writing, “more than promised, under-delivered, and never delivered.”
The founder of Cardano, who appeared puzzled by the tweet, compared such attitudes to “religious beliefs,” which are accepted regardless of evidence.
“Every year, we’ve moved mountains together, but he can’t see any of it. I wonder what’s causing it,” Hoskinson said.
A Twitter user also fired back at Pentoshi’s criticism, asking “In what way has XRP underdelivered? Look at all the ODL corridors that are being set up and used in the real world right now.”
Interestingly, both the projects have achieved new milestones this year.
As volume increased significantly, Ripple’s ODL had over 9x YoY growth, and Q2, 2022, was a record quarter for On-Demand Liquidity. Along with signing and growing collaborations, Ripple remittance technology has entered new territories, including Lithuania.
Following the Vasil hard fork launch on the mainnet on 22 September, Cardano also saw the deployment of full Vasil capabilities on 27 September. Cardano also forged major partnerships with Stanford University and Georgian Wines, as it was also listed. Stock brokerage app on Robinhood.
Markets disconnected from reality
As reported by U.Today, Cardano founder, Charles Hoskinson, spoke on markets being disconnected from reality as ADA prices underperformed in the year. Hoskinson claims that Cardano “has never been stronger,” stating that its best days were still ahead.
Other crypto projects were also praised by the Cardano creator, who said that many of them are “solid”, although their current prices do not reflect this.
The founder of Cardano also emphasized that macroeconomic variables were primarily responsible for the current market behavior. The third quarter of 2022 saw the digital asset markets continue to decline due to macroeconomic headwinds.
