Cardano Founder Charles Hoskinson thinks this is a cryptowinter. 

12 May, 2022

Cardano founder today welcomed investors to a “cryptowinter.” 

Hoskinson tweeted, “we are in the panicked blood in the street phase.”

Crypto market has not shown any signs of recovery as of now.

The leading cryptocurrency bitcoin is now down almost 12% in the last 24 hours as it trades just above $27,500. 

Hoskinson comforted the investors saying the cryptowinter clears in weeks to months as a bottom is found. Then a long climb up the ladder, he added. 

Cardano ADA is down 32.45% in the last 24 hours. 

Entire crypto market has lost nearly $500 billion in the last seven days. Cryptowinter Indeed!