Galaxy Digital CEO Mike Novogratz reconsidered his stance in Cardano after once again arguing with Charles Hoskinson, the biggest PoS Blockchain inventor to date. The billionaire chose the altcoin projects Terra (LUNA) and Solana (SOL) as layer 1 blockchains, which he believes to be superior to Cardano.
Mike Novogratz: These altcoin projects look superior to ADA!
Mike Novogratz also stated that he doesn’t want the Cardano community to be bad, but there are better alternatives. So the cryptocurrency billionaire chose Terra (LUNA) and Solana (SOL) as layer 1 blockchains, which he believes are superior to Cardano. Mike Novogratz is questioning the ADA for the second time today. Mike Novogratz tweeted that Cardano (ADA), the native cryptocurrency of the largest PoS blockchain, ranked fourth on CoinMarketCap, is “mysterious” to him.
Also, famous billionaire Mike Novogratz added that none of the smartest people in the market he talked to saw any traction in Cardano in terms of developer effectiveness. The former hedge fund manager has inevitably become the target of the increasingly powerful community behind the fourth largest cryptocurrency by market cap.
Solana hits all-time high and breaks into top 10
As we reported earlier , Solana reached an all-time high of $67.20 in early saadollarser today and entered the top 10. After the massive market crash in the second quarter, Solana became the first major cryptocurrency to achieve such a feat.
Cardano is also recovering firmly in front of the much anticipated Alonzo hard fork, which will be active on the mainnet on September 12. While the largest cryptocurrency struggled to break above the $48,000 level, Bitcoin’s market dominance has now dropped to just 43.6 percent.