Featured Image from Unsplash.com, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Cardano founder Charles Hoskinson took X to defend the project from its detractors, arguing that the network has continued to grow and thrive despite the criticism. As ADA\u2019s price falls 2.9%, some analysts warn of the next key level to watch out for. Related Reading: Worldcoin Drops 6% Amid Alameda Research 1.5 Million Token Sale, Will WLD Price Hold? Charles Hoskinson Defends Cardano On Thursday, Charles Hoskinson addressed the adverse response towards Cardano in an X post. Hoskinson noted that the crypto community\u2019s sentiment about the project has lately been more negative than usual. However, he argued that Twitter\u2019s sentiment change isn\u2019t a reflection of the project failing \u201cbut rather the desired result of Voltaire.\u201d Cardano\u2019s \u201cVoltaire\u201d era is set to turn the network into \u201cthe most advanced blockchain governance system,\u201d focusing on decentralized governance and its future sustainability. Hoskinson believes that Cardano’s collaborative efforts and the transparency of the network is what sets it apart from the rest of the crypto space. \u201cIt’s why we are loathed by a lot of others. Their backroom deals and dirty tricks can’t be hidden because there is no one to ask to do it under the table,\u201d he added. In the post, the project\u2019s founder also underscored Cardano\u2019s \u201cpassion\u201d for integrity and long-term vision for growth and progress: Short-term thinking, market manipulation, and companies seeking a handout have no role or place here. That’s the difference that makes a difference. Lastly, Hoskinson remarked that the project is not dying but \u201cthriving and growing.\u201d He that ADA is one of the last cryptocurrencies still wanting to be a real crypto instead of \u201cthe patron of Blackrock and Wall Street for number go up preferences.\u201d ADA Could See A 10% Drop Soon The crypto community reacted to Hoskinson\u2019s message, with many arguing that, regardless of the developments, the Network\u2019s \u201clack of volume\u201d and \u201climited\u201d ecosystem growth remains a problem for its community. Meanwhile, part of ADA\u2019s community agreed with Hoskinson, concurring that \u201cit is the only chain that has truly built what I can only see as the groundwork to deliver on the promise of crypto.\u201d Despite the ongoing criticism, some market watchers remain bullish about ADA\u2019s future price action. Crypto analyst Dan Gambardello recently predicted that the cryptocurrency will \u201ceasily\u201d reclaim the $1 mark before year\u2019s end. To Gambardello, the exponential surge \u201ccould happen fast\u201d and leave many \u201cflabbergasted.\u201d Additionally, he stated that after the 200% surge, ADA\u2019s potential targets of $5 and $10 would \u201clook more realistic.\u201d Related Reading: Experts Discuss What Made Solana Memecoins The Cycle\u2019s Top Narrative Conversely, crypto analyst Sebastian warned about a key level to watch for following ADA\u2019s recent performance. Earlier this week, the analyst highlighted that ADA showed signs of a breakout after retesting the trendline it had recently broken above $0.35. However, the cryptocurrency’s price dropped 2.9% in the last 24 hours, falling below the $0.34 mark. The analyst signaled that ADA must hold the current levels as failing to bounce from the $0.335 level could send the token to a retest of the $0.30 support level. As of this writing, ADA is trading at $0.337, a 1.95% and 2% decline in the weekly and monthly timeframes. Featured Image from Unsplash.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":602565,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[12333,84005,79508,12332,93191,1286,26263,12715,93167,10923,82833],"class_list":["post-647347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ada","tag-ada-price","tag-adausdt","tag-cardano","tag-cardano-voltaire","tag-charles-hoskinson","tag-crypto-analyst","tag-crypto-community","tag-crypto-investor","tag-crypto-market","tag-voltaire"],"acf":[],"yoast_head":"\n
Cardano Founder Defends Project Amid ADA Price Criticism<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n