The post Cardano Founder Says ‘Looking For The End of Crypto Winter’ appeared on BitcoinEthereumNews.com.

Cardano founder Charles Hoskinson has taken to X (formerly Twitter) to announce his latest mission, saying he is looking for an end to crypto winter.  The Cardano boss shared a picture of him skiing. In the pics, Hoskinon is seen wearing a motorbike helmet with a good view of the sun. Looking for the end of CryptoWinter… pic.twitter.com/5FuhWWCX0t — Charles Hoskinson (@IOHK_Charles) November 9, 2023 Crypto Enthusiasts React Expectedly, his tweet prompted reactions from crypto enthusiasts who also anticipate the end of the lengthy crypto winter. – Advertisement – Some X users teased that the bull run has officially started following Hoskinson’s latest quest. That’s it. Bullarun has started guys. Charles has announced it. — Uphorico (@uphorico) November 9, 2023 It is worth mentioning that Hoskinson had previously commented on crypto winter. Last year, the Cardano boss welcomed new investors to their first crypto winter, stating that the unfavorable market condition could linger for months before prices rally again. Crypto Winter Wreaks Havoc “Crypto winter” is a phrase in the crypto sector. Although there is no accepted definition for the term, anyone involved in crypto knows what the market condition feels like. For clarity, the period of crypto winter is marked by lower crypto prices as investments in the sector reduce drastically. The crypto market has been in a long-term winter, which started immediately after the peak of the last bull run in November 2021. Bitcoin, which soared to an all-time high (ATH) of $69,044 in November 2021, plummeted below $16,000 a year later. On the other hand, Cardano’s native coin ADA, which also spiked to an ATH of $3.09 in September 2021, plunged to around $0.24 last month. For many crypto fans, the ongoing crypto winter has lasted longer than previous ones. The long duration of the current crypto…

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Filed under: News - @ November 10, 2023 3:10 pm