Charles Hoskinson Declares Cardano the “Number 1” Blockchain as ADA Attempts Price Recovery

NEW YORK — Cardano founder Charles Hoskinson has reaffirmed his view that Cardano is the leading blockchain, despite recent market struggles. Hoskinson cited Cardano’s strength in decentralized governance as a key differentiator from rivals. This comes ahead of a new roadmap reveal at the upcoming Cardano Summit in Buenos Aires, which he believes will further establish Cardano as a top blockchain contender.

Cardano’s ADA token has seen a modest 3.83% gain over the past 24 hours, rebounding after a rough week that saw a 6.26% decline. While the altcoin’s trading volume has surged by 44.55%, technical indicators such as the Relative Strength Index (RSI) suggest ongoing bearish sentiment. ADA is currently holding support around $0.3450 but faces resistance at $0.3730, with significant barriers at the 200 SMA.

In the broader market, newer tokens like Flockerz ($FLOCK) are attracting attention for their emphasis on decentralized governance, much like Cardano. Flockerz has raised nearly $500,000 in its presale and offers a vote-to-earn model that engages community members directly in project decisions.