Hoskinson states Cardano's technical gains do not improve market performance

Cardano founder Charles Hoskinson stated that the project's technical achievements have not improved market performance or brand position. He noted that Cardano's engineering capabilities have strengthened since 2024 due to ongoing technical innovations, including the Ouroboros Leios upgrade, which is currently in testing and expected to enhance transaction throughput and scalability. However, Hoskinson admitted that these technical advancements have not resulted in better market outcomes or brand recognition, indicating that strategic decisions are necessary for Cardano to regain its competitive edge. Following the 2024 U.S. presidential election, Cardano's price peaked at 1.31, maintaining a position among the top 10 cryptocurrencies by market capitalization. Currently, it is trading around 0.17, down approximately 87% from its December 2024 peak, and its market-cap ranking has fallen to 14th. Community sentiment has also declined due to project cancellations, EMURGO's withdrawal from Pentad, and governance-related controversies.

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