Hoskinson's response to rumors about Cardano’s inflated market cap initially failed to lift ADA’s price but eventually led to gains.
The MACD remained below the Signal line, showing red histograms until a bullish crossover occurred on the 9th of September.
It further noted that some critics argue that the high market cap may be inflated, with accusations that investors are mistakenly led to believe their staked ADA is locked and inaccessible—although it isn’t. Despite Hoskinson’s efforts to dispel the rumors, ADA’s price didn’t see an immediate positive impact.
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