Cardano founder says large events do not help crypto prices

Cardano (ADA) founder Charles Hoskinson said that the crypto community's spending on parties and other events does not help boost prices, The Crypto Basic reported. He argued that one-off events contribute little to increasing a cryptocurrency's value or expanding its ecosystem. Hoskinson emphasized that building community hubs to attract new users is more effective than attending large industry events to raise awareness. His comments follow the recent rejection of a 14 million ADA event budget by a community vote.