Im just thinking…
How “big” and “strong” “our” companies are to survive this kind of hard of time when the covd-19 strikes all makrets.
In few day we just lost more then 500 mln $ which is kind of how much of wortgh we losted in our tokens
Can we afford this like a company?
just asking
Market cap isn’t everything. Crypto is a bit of a rollercoaster even at the best of times. And it’s not just Cardano tanking right now— the whole economy is taking a major hit.
The current dip is extreme (as are the circumstances), but not unique.
In the long run this sort of disruption creates a lot of opportunities for emerging new technologies, as well… especially ones that focus on decentralisation and resilience.
Unless this virus unexpectedly mutates and turns the nastiness up to eleven, I think Cardano will come through OK.
I’m not 100% on this, but I’m 95% sure IOHK has already been funded until the project is completed at the end of 2020. This means development will continue and employees will get paid, even if the Ada price goes to 0. They have built IOHK, The Cardano Foundation, and Emurgo to be resilient and withstand the volatility of the Crypto markets. My thoughts are that Emurgo may struggle in a drawn out economic recession, but Cardano and the non-profit foundation will continue. When the global economy and the crypto economy begin to recover, Cardano will be ready to start building the financial system of the future.