Benzinga - Charles Hoskinson, founder of Cardano (CRYPTO: ADA) and co-founder of Ethereum (CRYPTO: ETH), is dismayed by Coinbase (NASDAQ:COIN)'s (NASDAQ: COIN) latest report that fails to mention ADA even once.
What Happened: A recent report by Coinbase: ‘2023 Crypto Market Outlook’ presents three key themes expected to prevail in 2023 as well as updates on Bitcoin (CRYPTO: BTC), Ethereum, regulation, and more.
Hoskinson tweeted his disappointment in Coinbase, stating that he “expected better.”
Not a single mention of Cardano. Pretty low and pretty sad. I honestly expected better pic.twitter.com/0VHSdm5A2HSee More: Best Crypto Day Trading Strategies— Charles Hoskinson (@IOHK_Charles) December 21, 2022
Coinbase believes that with factors such as strong tokenomics, robust ecosystems, and ample liquidity, investors will transition towards digital assets of higher quality, such as Bitcoin and Ethereum.
According to the crypto exchange, the deleveraging that occurred in 2022 has severely diminished investors’ appetites to accumulate altcoins, and full recovery may take months. Moreover, the future of digital assets hinges on the development of standards and frameworks for regulated entities, indicating that the next market cycle in digital assets will be determined in large part by these regulatory measures.
This comes at a time when Dogecoin (CRYPTO: DOGE) surpassed Coinbase in terms of market capitalization, as the "crypto-winter" caused share prices to plummet for publicly traded firms.
Price Action: At the time of writing, ETH was trading at $1,213 down 3.36%. ADA was trading at $0.25, down 0.28%, in the past 24 hours, according to Benzinga Pro.
Read Next: Bitcoin, Ethereum, Dogecoin Spike After Bank Of Japan Pivot: Trader Says This Could Be 'Massive' Trigger For Relief Run
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