The Ghost token drops by 50% as the tech veteran John McAfee announced that he will be departing the project’s team citing issues with the team management as we are about to read more in the latest cryptocurrency news.
The popular crypto advocate John McAfee has left his Ghost Token project because of the incompetence of the management team. McAfee tweeted on Wednesday and announced he was leaving the Ghost project that is privacy-centered which uses proof-of-stake and will ensure the privacy of the users by making them “ghosts” when carrying out transactions. The tech guru explained the reasons for his actions:
“I tried to explain the fundamental principles of management, but they fell on deaf ears.”
People asking: did I ever really believe in $GHOST??
— John McAfee (@officialmcafee) August 20, 2020
McAfee declared that the Ghost project was undoubtedly doomed to crash while apologizing for leaving the people astray. The decision to exit the project came as a surprise and he tweeted as a response to critics of the privacy coin stating:
“I have labored my entire life to reach the point where I could produce an Ecosystem as powerful and groundbreaking as the Ghost Exchange, the Ghost coin, and the Ghost phone[…] $GHOST is the future.”
The split seemingly wasn’t amicable with both parties that made quite the comments about the other. McAfee called one of the team leads of the project “an idiot” with the company referring to him as “loose cannon.” While trying to see the aftermath of the breakout, the controversial McAfee stated that he plans to remove his Ghost-related tattoos. John McAfee is still a controversial figure in the crypto space as he predicted back in 2017 that Bitcoin’s price will get close to $1 million before the end of 2020 or he would eat his private parts. But, he changed his mind later stating that only an idiot will believe this prediction.
The Ghost Token drops by 50% right after the announcement. The price dropped and will likely worsen the dip that began in July. GHOST is down by 71% in the past 30 days. The news reports of the token’s adoption by Hong Kong Disneyland helped to boost some positive price action which saw an increase a 38% climb. The token’s drop came during the “red-day” for the crypto market in general. The total crypto market cap saw a $20 billion decline over the past day.
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