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Cardano creator breaks silence on ADA pricing
Gamza Khanzadaev
Cardano Creator Charles Hoskinson Reveals Rare Reaction to ADA Price
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THE Cardan the community has been abuzz with humor and speculation as ADA remains stuck around the $0.45 mark. Such price stability has spawned a number of memes and jokes, with enthusiasts referring to the token as a “stablecoin.”
A particularly popular one memes shows the Grim Reaper knocking on doors labeled $0.45 per ADA token, symbolizing the stable price level of the token.
This wave of humor did not go unnoticed Charles Hoskinson, the founder of Cardano. Known for rarely directly addressing ADA pricing, Hoskinson made an exception and joined the community’s light-hearted take on the situation. He pinned his version of the Grim Reaper meme, depicting Death in disbelief at the unyielding price of the ADA. While humorous, Hoskinson’s response subtly acknowledged the frustration and curiosity surrounding ADA’s price movements.
Cardano (ADA) Price Outlook.
Historically, ADA has experienced similar periods of price stagnation. A look at its monthly chart reveals a pattern of sustained stability at certain price points. Five years ago, ADA it was around $0.04 and in 2021 it was around $1 per token.
ADA to USD by CoinMarketCap
The current price level of $0.45 is not unprecedented; has already tested traders’ patience. However, unlike the downward trajectory two years ago, the current trend appears to be upward.
The crucial question in the minds of Cardano enthusiasts is whether this stability indicates a bullish accumulation phase. If ADA is indeed poised for a surge higher, the waiting period may seem more bearable. However, the unpredictable nature of the cryptocurrency market means that certainty is elusive.
About the author
Gamza Khanzadaev
Financial analyst, trader and cryptocurrency enthusiast.
Gamza graduated in Finance and Credit with a specialization in securities and financial derivatives. He then obtained a master’s degree in banking and asset management.
He wants to help cover economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.