Charles Hoskinson recently shared his personal views on the current market sentiment and situation, suggesting that it's not clear which are the best crypto projects to invest in for better returns.
Hoskinson is primarily known as the founder of Cardano (ADA), a popular Proof-of-Stake (PoS) crypto network that focuses on promoting the commercial adoption of blockchain technology. Before the Cardano project, Hoskinson was a co-founder at Ethereum (ETH) blockchain project, but he left the project following disagreements with Ethereum's core co-founder Vitalik Buterin about the future direction of the Ethereum blockchain.
On April 10, 2024, Charles Hoskinson used his personal Twitter account to share his thoughts on the current crypto bull run with his followers.
Hoskinson mentioned that he doesn't know what others think, but he personally feels that the current bull run doesn't provide a clear indication of which crypto projects are the best to invest in for significant returns, particularly those that will pump with Bitcoin.
According to Hoskinson, the innovative sector is currently quite selective in choosing better projects. In essence, Hoskinson believes that the 2024 crypto bull run is quite different from the 2021 bull run, and in this scenario, one cannot blindly invest in any flagship crypto asset.
Some crypto Twitter users shared their views in response to Hoskinson's tweet, stating that the majority of crypto investors are now big bulls, with small traders already gaining substantial knowledge from the 2021 bull run.
Most small crypto traders had already accumulated Bitcoin and other crypto assets at low commercial prices before mid-2023. Today, the majority of buyers are large institutions. This Crypto Twitter user also drew attention to meme tokens backed by the Solana network, which have gained significant popularity in recent months.
Small crypto traders are not hesitant to invest small amounts in meme tokens. It's worth noting that the last bull run was not associated with any Bitcoin halving event, and there were also no major buyers in the market
