Cardano Slumps to 5-Year Low Price as Charles Hoskinson Warns of 'Wave of Failures'

Cardano's price plummets to a 5-year low as Charles Hoskinson warns of an impending 'wave of failures' within the ecosystem, sparking concerns about the project's stability and investor confidence. The decline is attributed to a broader market downturn, with Hoskinson's candid comments exacerbating the situation, potentially leading to increased selling pressure and further price drops.