There isn\u2019t much positive news for <\/span>Cardano<\/b> (ADA-USD<\/u><\/strong><\/a><\/span>) right now. Prices have continued to move downward since September of last year and there could still be more pain.\u00a0<\/span><\/p>\n Source: Shutterstock<\/p>\n<\/div>\n Cardano has shed approximately 73% of its value since then. Cardano now has something of a scandal on its hands with founder Charles Hoskinson coming under scrutiny for his academic credentials.\u00a0<\/span><\/p>\n If the old maxim that any press is good press holds, then Cardano should benefit. The press I refer to is accusations that Hoskinson doesn\u2019t hold the academic credentials he claims. <\/span><\/p>\n Those accusations could lead to increased interest in Cardano, and with prices at these lows, Cardano could use attention. If attention increases, Cardano prices could rise. \t<\/span><\/p>\n Journalist Laura Shin recently a released book about the early days of Ethereum<\/strong> (ETH-USD<\/u><\/strong><\/a><\/span>). Among the book\u2019s claims is that Hoskinson never graduated even an undergraduate program. He claims to have dropped out of a Ph.D. program. She leveled those claims in a Tweet<\/a>. In her book, she raises other unflattering claims about Hoskinson. Shin alleges that Hoskinson\u2019s exit from Ethereum was not only based on differences of opinion about the direction of the company: Vitalik Buterin wanted to keep Ethereum non-profit while Hoskinson sought VC funding. That certainly caused strife.\u00a0<\/span><\/p>\n She also claims that Hoskinson was fired from Ethereum based on his \u2018sociopathic\u2019<\/a> tendencies.\u00a0<\/span><\/p>\n Perhaps nothing negative will come from it. All of the responses I\u2019ve read about the allegations related to Hoskinson\u2019s academic credentials center on the idea that it doesn\u2019t matter. Those responses are essentially asserting that no matter what degree Hoskinson attained he is still a capable leader.\u00a0<\/span><\/p>\n Perhaps it is just what Cardano needs. Controversy can spark conversation, especially on social media. If such conversation arises over the claims about Hoskinson that could make it more relevant. If the majority of the internet sides with Hoskinson that could lead to capital flowing into Cardano and rising prices.\u00a0<\/span><\/p>\n I think the allegations at least change the perception of Cardano. I always thought of Hoskinson and Cardano as quiet, behind-the-scenes workers. They seemed to be the antidote to over-the-top figures that often come with the cryptocurrency space. Now Hoskinson could be viewed in a new light. One Reddit user even referred to him as a well-known snake oil salesman. \t<\/span><\/p>\n Shin\u2019s negative view of Hoskinson might become exactly the catalyst ADA needs. Shin\u2019s allegations could renew the conversation about Cardano\u2019s genesis and its relationship to Ethereum.\u00a0<\/span><\/p>\n That could renew interest in transaction speeds. Essentially the allegations about Hoskinson could serve to help Cardano. And that could drum up another narrative that is favorable to Cardano: Transaction speeds.<\/p>\n The conversation surrounding Ethereum\u2019s slow transaction speed in comparison to Cardano has long simmered. That has long led some to speculate that Cardano has a chance to dominate in the future. That future may look far off given Cardano\u2019s recent downturn.\u00a0<\/span><\/p>\n Because this scandal is tangential to Ethereum it might provide the tinder that stokes more talk about Cardano\u2019s speed and Ethereum\u2019s speed. That certainly favors Cardano. If that scenario plays out it would be a great example of any press being good press.<\/p>\n If nothing else, Cardano is at least more interesting moving forward. Even though I am a fan of Cardano, I always thought it was a bit vanilla. Maybe those allegations are exactly what it needed to make it more marketable.\u00a0<\/span><\/p>\n It always seemed to be well thought out. So perhaps now is the time to bet big on Cardano based on potential marketability in the future.<\/span><\/p>\n InvestorPlace does not regularly publish commentary about cryptocurrencies that have a market capitalization less than $100 million or trade with volume less than $100,000 each day. That\u2019s because these \u201cpenny cryptos\u201d are frequently the playground for scam artists and market manipulators. When we do publish commentary on a low-volume crypto that may be affected by our commentary, we ask that <\/span><\/i>InvestorPlace.com<\/span><\/i>\u2019s writers disclose this fact and warn readers of the risks.<\/span><\/i><\/p>\n \u00a0Read More: <\/span><\/i>How to Avoid Popular Cryptocurrency Scams<\/span><\/i><\/a><\/p>\n On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com<\/span><\/i> Publishing Guidelines<\/span><\/a>.<\/span><\/i><\/p>\n \u00a0<\/p>\n![\"A](\"https:\/\/investorplace.com\/wp-content\/uploads\/2021\/04\/ada-3-300x169.jpg\")
<\/p>\nAllegations and ADA<\/strong><\/h3>\n
<\/span><\/p>\nTransaction Speeds Recommend Cardano<\/b><\/h3>\n