Cardano (ADA) eyes 15% rally despite Charles Hoskinson's fear over 'macro fac...

Cardano (ADA) eyes 15% rally despite Charles Hoskinson's fear over 'macro fac...

Cardano's Vasil update is expected to be a bullish event, but macro fears are strongly countering the upside bias. Cardano (ADA) will undergo a major network update called "Vasil" on Sept. 22, potentially making its blockchain more scalable and cheaper. Nonetheless, the news has failed to spark any decisive upside momentum in ADA's market.Macro factors weigh on ADA's best upside scenarioIn detail, ADA's price has risen approximately 3.5% to $0.51 since the Vasil launch announcement, including a circa 14% rally followed by its near-perfect wipeout. In other words, traders initially bought....


Related News

Here’s How Cardano Could Fail, According To Its Creator Charles Hoskinson

Charles Hoskinson, the creator of Cardano and IOG’s CEO, was interviewed by Lex Fridman for his podcast. Hoskinson talked about the past, present, and future and this platform in a discussion almost 5 hours long. Hoskinson played the devil’s advocate and also discussed Cardano’s potential weakness that could lead the project to complete failure. Many […]

Charles Hoskinson Discusses Cardano’s 2022 Plans, Founder Says Project ‘Needs...

The digital currency cardano has jumped over 8% in value during the last 24 hours and 25% over the last seven days. The price move follows an update on Charles Hoskinson’s and IOHK’s plans for the Cardano network in 2022. Charles Hoskinson’s 2022 Cardano Outlook: ‘A Formal Open-Source Project Structure Is Going to Be Formed’ Cardano (ADA) supporters were pleased to get two updates from IOHK, the team behind the crypto project’s development. On December 24, the founder of Cardano, Charles Hoskinson, spoke for 30 minutes in a new video....

Cardano (ADA) Founder, Charles Hoskinson Accused of Falsifying His Bio

Charles Hoskinson, a famous American software developer, founder of Cardano (ADA), Co-founder of Ethereum, and a successful entrepreneur, defended fame as an arrogant crypto space debater. In Germany, Charles Hoskinson had already criticized IOTA, cryptocurrency, almost twelve months ago and impeached IOTA for false reporting on the subject matter “freedom from fees.”  Related Readings | […]

Cardano Community Up In Arms Over New Update, What Does Charles Hoskinson Think?

The Cardano Foundation recently launched a delegation strategy that has sparked criticism from the Cardano community. This has prompted some community members to seek clarification from founder Charles Hoskinson, but he seems to want no part of the unrest. Hoskinson Declares No Ties To Foundation Following the publication of Cardano Foundation’s delegation strategy update, a […]

Charles Hoskinson Announces New Timeline For Cardano Hard Fork, Price Pump In...

  Cardano has been moving towards the Vasil hard fork for a couple of months now, and with two postponements already, there are concerns about when the upgrade may take place. Founder Charles Hoskinson and  IOG, the developer behind Cardano, have been keeping the community updated on bugs and estimated time of delivery. In a […]