The one and only Charles Hoskinson, who is the head behind Cardano, appeared at the cryptocurrency event in Hong Kong on the 12th, dressed as a McDonald's employee. It was like a symbolic message, showing that the digital currency sector is going through a somewhat tight phase.
In his speech, he said that 'the industry is not healthy' and that the market mood is on the floor, it has never been so low. He also talked about the people on social media who are quite pessimistic and the difficulty of liquidity, meaning that money is not circulating easily in this space.