{"id":56053,"date":"2025-07-16T15:31:52","date_gmt":"2025-07-16T15:31:52","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ada-price-jumps-as-cardano-founder-charles-hoskinson-responds-to-scam-allegations\/"},"modified":"2025-07-16T15:31:52","modified_gmt":"2025-07-16T15:31:52","slug":"ada-price-jumps-as-cardano-founder-charles-hoskinson-responds-to-scam-allegations","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ada-price-jumps-as-cardano-founder-charles-hoskinson-responds-to-scam-allegations\/","title":{"rendered":"ADA price jumps as Cardano founder Charles Hoskinson responds to scam allegations"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/cardano-ada-price-bulls-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/cardano-ada-price-bulls-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/cardano-ada-price-bulls-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/cardano-ada-price-bulls-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Cardano (ADA) has jumped 39% in July amid bullish technical patterns.<\/li>\n<li>Cardano founder Charles Hoskinson has denied scam claims.<\/li>\n<li>A break above $0.80 could push ADA toward $1 and beyond.<\/li>\n<\/ul>\n<p>Cardano (ADA) has surged in value following a mix of bullish technical patterns and a heated public exchange involving its outspoken founder, Charles Hoskinson.<\/p>\n<p>The price of ADA currently sits at around $0.75, climbing over 39% in July alone and catching the attention of traders and analysts alike.<\/p>\n<p>Despite the distraction caused by the scam allegations levelled against Input Output (IOG), Cardano\u2019s strong price action and favourable chart structures suggest that its bullish trend remains intact.<\/p>\n<h2>Hoskinson hits back at online scam claims<\/h2>\n<p>A person named Robin Engraf emailed Hoskinson, accusing Gabriel Martin, allegedly from Input Output (IOG), of embezzling funds during a supposed \u201ctrade withdrawal.\u201d<\/p>\n<p>Engraf claimed to have months of chat logs and bank records, urging US authorities to act.<\/p>\n<p>In response, Hoskinson, the founder of Cardano and IOG, has responded to the email publicly, dismissing the accusation as not only baseless but also a reflection of broader gullibility in crypto communities.<\/p>\n<p>In a <a href=\"https:\/\/x.com\/IOHK_Charles\/status\/1945324919992066507\">stern statement<\/a>, Hoskinson has criticised the trend of blaming public figures for falling victim to scams, calling out what he described as \u201ccarelessness and stupidity.\u201d<\/p>\n<p>He emphasised that such incidents are not new and have been occurring for nearly a decade, largely due to impersonators and false promises of extraordinary returns.<\/p>\n<p>Hoskinson didn\u2019t hold back as he argued that people often refuse to take responsibility after being deceived by schemes that promise easy profits.<\/p>\n<p>He noted that victims of scams frequently turn their frustrations toward legitimate figures and companies, despite having no evidence of wrongdoing on their part.<\/p>\n<p>While Hoskinson\u2019s remarks sparked debate online, they also served as a reminder of the ongoing risks tied to impersonation fraud in the cryptocurrency space.<\/p>\n<p>His message, though controversial, aligned with years of warnings about avoiding offers that seem too good to be true.<\/p>\n<h2>Current Cardano price action signals a bullish momentum<\/h2>\n<p>Even as this public spat unfolded, ADA\u2019s market performance has continued to impress.<\/p>\n<p>The cryptocurrency recently broke out of a long-standing downtrend around $0.63 and has since climbed steadily, forming a series of higher lows and testing resistance at $0.78.<\/p>\n<p>According to market analysts, ADA is currently forming a symmetrical triangle pattern on the 4-hour chart, often a bullish continuation signal.<\/p>\n<p>If the price pushes decisively above $0.80, it could open the path toward $0.84 and potentially even the psychological $1.00 mark.<\/p>\n<p>Technical indicators also appear to support this view, with the Relative Strength Index (RSI) climbing above 70 and the Moving Average Convergence Divergence (MACD) maintaining a bullish crossover on both daily and weekly timeframes.<\/p>\n<p>On-chain volume has also increased during price rallies, further supporting the case for sustained upward momentum.<\/p>\n<h2>Trader sentiment has tilted strongly bullish<\/h2>\n<p>Alongside strong technicals, trader positioning continues to lean bullish.<\/p>\n<p><a href=\"https:\/\/x.com\/TapTools\/status\/1944871438378525150\">According to TapTools<\/a>, over 70% of open positions on Hyperliquid and <a href=\"https:\/\/coinjournal.net\/exchanges\/binance\/\">Binance<\/a> are long on ADA, suggesting that the broader market expects further gains in the near term.<\/p>\n<p>This confidence has been building as ADA remains above key support levels, particularly the $0.73 mark.<\/p>\n<p>ADA\u2019s price range over the last 24 hours has fluctuated between $0.7151 and $0.7536, with current levels testing the $0.78 resistance zone.<\/p>\n<p>If bulls manage to flip this zone into support, analysts expect a smooth move toward higher targets in the coming weeks.<\/p>\n<p>Despite the lingering distraction caused by the scam allegations, traders appear more focused on ADA\u2019s improving fundamentals and technical posture.<\/p>\n<p>Hoskinson\u2019s blunt response may have sparked debate, but it has not shaken the conviction among ADA supporters.<\/p>\n<h2>The long-term ADA price outlook is optimistic<\/h2>\n<p>With its market cap standing at over $27 billion and a circulating supply exceeding 36 billion tokens, ADA continues to rank among the top 15 cryptocurrencies.<\/p>\n<p>Analysts like StonkChris see potential for ADA to revisit the $2 level later this year, especially if broader market sentiment continues to shift risk-on.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Sometimes charts are really just this simple.<\/p>\n<p>A series of higher lows and higher highs.<\/p>\n<p>$2 <a href=\"https:\/\/twitter.com\/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ADA<\/a> incoming. <a href=\"https:\/\/t.co\/F0ALHesB2v\">pic.twitter.com\/F0ALHesB2v<\/a><\/p>\n<p>\u2014 Chris (@StonkChris) <a href=\"https:\/\/twitter.com\/StonkChris\/status\/1945255676520923435?ref_src=twsrc%5Etfw\">July 15, 2025<\/a><\/p>\n<\/blockquote>\n<p>The <a href=\"https:\/\/x.com\/Cardano_CF\/status\/1942569390282584380\">recent launch of Reeve<\/a>, an open-source middleware platform by the Cardano Foundation, adds another layer of optimism.<\/p>\n<p>The initiative aims to bridge blockchain with traditional ERP systems, reinforcing ADA\u2019s use case in enterprise environments.<\/p>\n<p>In the short term, all eyes are on ADA\u2019s ability to hold key support levels and break through resistance with conviction.<\/p>\n<p>As technicals align with market sentiment, ADA may be setting up for one of its most important moves of the year.<\/p>\n<p>While controversy continues to swirl around its founder, Cardano\u2019s price action remains strong, reminding the market that, in crypto, fundamentals often speak louder than headlines.<\/p>\n<div class=\"ad-banner  container  pt-1\" data-partner=\"bitcoinpepe\">\n        <a href=\"https:\/\/bitcoinpepe.co\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/blockovate\/en-4.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/ada-price-jumps-as-cardano-founder-charles-hoskinson-responds-to-scam-allegations\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Cardano (ADA) has jumped 39% in July amid bullish technical patterns. Cardano founder Charles Hoskinson has denied scam claims. A break above $0.80 could push ADA toward $1 and beyond. Cardano (ADA) has surged in value following a mix of bullish [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":56054,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/56053"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=56053"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/56053\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/56054"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=56053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=56053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=56053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}