Cardano Creator Reveals Next Steps, While ADA Price Hits Vital Point

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As a seasoned analyst with over two decades of experience in the tech and finance industries, I have witnessed the rise and fall of numerous projects, but few have captured my attention like Cardano (ADA). Charles Hoskinson, its creator, is not just a visionary but a pragmatic one who recognizes the potential of Latin America, especially Argentina, in driving the future of blockchain technology.

Charles Hoskinson, one of the creators and key figures behind Cardano (ADA), recently sat down with Argentinean La Nación to discuss the blockchain and the token. Interestingly, the Cardano creator also had the chance to meet with the country’s president during his visit.

For individuals unfamiliar with the topic, the cryptocurrency initiative aims to establish its initial constitution within Argentina. Additionally, Hoskinson expresses enthusiasm for establishing a development center in Argentina to strengthen Cardano’s growth in the Latin American region.

Moving forward with Cardano, Hoskinson outlined that their focus remains on enhancing its fundamental ideals. His vision is to make it more intelligent, more democratized, and more practical, all while becoming the preferred platform for businesses developing decentralized applications.

Here’s my recent interview in Argentina

— Charles Hoskinson (@IOHK_Charles) October 23, 2024

The entrepreneur said these could be for social platforms, voting systems or even new currencies. Argentina is a key player in this plan because it has great technical talent and creative insights. 

Cardano (ADA) price: What’s next?

It’s important to note that the value of Cardano’s native token, ADA, has just hit a significant milestone.

Currently, the value of the Cardano token remains robust, surging past $0.35 following a rebound from a key support level last seen in 2018, after the firm successfully gained a spot on the prominent global cryptocurrency exchange, Binance.

Earlier, this level served as a significant barrier for the popular cryptocurrency’s price. However, currently, the price has surpassed this level without any drops beneath it, indicating that there is now support for ADA at this point.

Furthermore, ADA has managed to hold a more robust floor pattern over its weekly graph, which is a bullish sign that has persisted since August, when the yearly minimum was established.

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2024-10-23 18:48