Alex Krüger Crypto Analyst Explains Why ‘Newcomers Always Choose $ADA’

On Saturday (October 9), renowned macroeconomist and crypto analyst Alex Krüger discussed one of the primary reasons for Cardano’s native coin $ADA’s appeal among new retail investors joining the crypto market.

Krüger said on Twitter: And when a commenter inquired about the cause of this phenomenon, Krüger said that he thought Cardano’s enormous popularity among newbies was due to Charles Hoskinson’s YouTube channel, Co-Founder and CEO of IOHK (aka IOG), Cardano’s research and development company:

There is no disputing that it is difficult to imagine another project’s leader being as enthusiastic or as active as Hoskinson, who updates his YouTube channel on a daily basis.

On September 29, only days after the conclusion of the two-day Cardano Summit 2021, Hoskinson declared a well-earned two-week social media hiatus:

Additionally, earlier today, Sebastien Guillemot, CTO at dcSpark and former Co-VP of Engineering & Cardano PM at EMURGO, stated that numerous companies have expressed interest in utilizing his company’s novel sidechain project (dubbed “Milkomeda”), which will enable the execution of EVM-compatible smart contracts from the Cardano mainnet.

The IOHK development team released its last weekly progress report on Friday (October 8).

Several highlights include the following:

“Daedalus testnet v.4.3.2” was released by the Daedalus team. The Adrestia team is “developing a new GraphQL component that will enable Lightwallets.” The DEVOPS team “prepared for the October maintenance update” in October.

Also Read: Dogecoin Killers Are Surpassing Bitcoin, Ethereum, BNB, XRP, And Cardano In Price Gains