Hoskinson Extends Olive Branch to XRP Community, Sparking Collaboration Hopes

Charles Hoskinson, the creator of Cardano (ADA), has officially apologized to the XRP community, retracting his earlier statement and hinting at a potential collaboration between the two blockchains.

Hoskinson posted an apology video on X (formerly Twitter), stating his interest in collaborating with the XRP community and the XRP Ledger, both created by Ripple. This suggests that the tension between the two communities is easing.

Hoskinson urged the Cardano and XRP communities to move forward together. He sees multiple collaboration opportunities, including Cardano potentially assisting Ripple with the launch of RLUSD, Ripple’s stablecoin initiative.S

Background of the Dispute

The conflict between the XRP and ADA communities originated from the ETH Gate debate, which alleged that Ethereum collaborated with the SEC to target Ripple and XRP. Hoskinson, also a co-founder of Ethereum, denied these claims, but the XRP community demanded an apology.

Read also: XRP and ADA Target $1: Market Trends, Analysis, and Key Drivers

In a May X post, Hoskinson stated he would not apologize, citing years of “harassment” and unfounded rumors from the XRP community.

ADA and XRP Price Response

With the possibility of collaboration, both ADA and XRP have seen price increases. ADA is up 10.89% in the past 24 hours, while XRP is up 3.50%, dropping to eighth position in the market. XRP has gained 16.86% in the last seven days and 10.47% in the last 30 days, while ADA is up 78.75% in the past week and 69.30% in the past month.

XRP is trading at $0.5933 at the time of publication while ADA is priced at $0.5954. Both the digital assets are significantly down from their all-time highs with ADA trading at a discount of 80.77% from ATH and XRP down 84.56% from ATH. Both tokens are drawing increased trader interest as they edge closer to breaching the $1 milestone.