Charles Hoskinson, founder of Cardano (ADA), has emphasized with a touch of humor that every investor should own ADA coins; he sees its absence as a clear sign of a ‘red flag’.

His striking comment came after a lively discussion within the Cardano community on the social media platform

ADA is having a hard time

Hoskinson’s comment comes at a time when Cardano’s price performance is disappointing. The popular altcoin has lost significant value in recent weeks.

In March, the coin reached a high of around $0.80, but has since fallen to a current price of $0.59, representing a 25% price drop in just three weeks.

This decline in the ADA price is noticeably steeper than other cryptocurrencies in the market, a trend partly attributed to Grayscale’s coin sales activities.

A Cardano rate of $10?

Despite the recent decline in Cardano’s value, some investors still see an optimistic future for the coin. Hoskinson’s recent statements on social media have caught the attention of investors, and are seen as evidence of his strong belief in Cardano’s future development.

In fact, a number of crypto analysts remain convinced that Cardano could reach a price of $10 during the current bull market, which would represent an impressive upside of around 1,650% from the current price.

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