Cardano’s Hoskinson Claps Back at Terra’s Kwon Over ‘Negative Correlation’ Tweet
-Cardano founder Charles Hoskinson took a swipe at Terra founder Do Kwon as the price of Terras Terra (LUNA) token crashed to $24 and the TerraUSD (UST) stablecoin depegged to $0.70 yesterday, before recovering.
-Hoskinson tweeted that he may buy some Luna for negative correlation purposes.
-A negative correlation is when two assetsin this case, ADA and LUNAmove in opposite directions at the same time. So if LUNA goes down, ADA goes up, and vice versa.
-As broader financial markets have declined recently, so too have major cryptocurrencies.
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