Advertisement
AD

Main navigation

Charles Hoskinson Reveals Extremely 'Bullish' Future for Cardano (ADA)

Advertisement
Fri, 17/11/2023 - 8:32
Charles Hoskinson Reveals Extremely 'Bullish' Future for Cardano (ADA)
Cover image via www.youtube.com
Read U.TODAY on
Google News

The Voltaire era is the final stage in Cardano's development roadmap, marking a significant shift toward a self-sustaining system. With the new governance model, network participants are now empowered to use their stake and voting rights to shape the future development of the network, a move that resonates deeply with the ethos of blockchain technology​​​​​​.

Advertisement

The Voltaire upgrade introduces a treasury and voting system that allows Cardano users to participate directly in governance and decision-making processes. This level of community engagement is designed to allow impactful decisions regarding software updates, technical improvements and funding decisions through Cardano Improvement Proposals (CIPs) and Funding Proposals (FPs). These proposals enable the Cardano community to steer the platform in line with collective interests and aspirations​​.

ADA/USDT Chart
ADA/USDT Chart by TradingView

As Cardano strides toward this new era of decentralization, its market traction has similarly been noteworthy. Recent analyses indicate that ADA, Cardano's native token, has gained momentum and is trading around $0.3537. The asset is gaining traction with reemerging buying pressure and, if it surpasses the resistance level of $0.3550, further gains are anticipated in the near term​​.

The price displays a rounding bottom breakout on the daily chart, and after crossing the $0.35 mark, it teases a potential high-speed rally. Should ADA exceed $0.40, analysts suggest the bullish trend could propel it toward the $0.45 benchmark​​. Additionally, the price has recently surpassed the 50-day Exponential Moving Average (EMA), a bullish signal for many traders, hinting at a strong recovery and potential for further increases​​.

Related

The live price data reflects a -2.92% change in the past 24 hours but a notable +4.40% increase over the past week. ADA's resilience is demonstrated by its jump to a high of $0.4100, its peak since April of this year, representing a surge of over 66% from its lowest level this year​​​​.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD