tl;dr
Charles Hoskinson, founder of Cardano, has proposed a developer conference to showcase the Cardano ecosystem and address doubts about its potential. Despite recent developments and upgrades, ADA's price has experienced a correction, currently trading at $1.08 with a market cap of $37.93 billion. The...
Charles Hoskinson, founder of Cardano, has proposed a developer conference to showcase the Cardano ecosystem and address doubts about its potential. Despite recent developments and upgrades, ADA's price has experienced a correction, currently trading at $1.08 with a market cap of $37.93 billion. The Relative Strength Index indicates a price correction and suggests sideways movement before potential further gains.
Key points:
- Charles Hoskinson has proposed a Cardano developer conference to showcase the Cardano ecosystem.
- The conference aims to address doubts and highlight the blockchain’s potential.
- ADA’s price has seen a correction despite recent developments and upgrades.
Charles Hoskinson, the founder of Cardano, recently proposed a conference for developers on the network. He wants this event to showcase the Cardano ecosystem and demonstrate its capabilities to the world. Hoskinson believes this will help address any doubts about the blockchain’s potential. In a post on X (formerly Twitter), Hoskinson asked the crypto community for suggestions on where to host this gathering. He proposed a million-dollar grant to cover travel and expenses for attendees. In response, Cardano Foundation technical director “KtorZ” mentioned two “builder fests” planned for 2025 in Vietnam and Argentina. However, Hoskinson clarified his vision in another X post. He explained that he has two main goals. First, he wants to bring developers together to showcase Cardano projects to the rest of the crypto industry. He noted that many people are unaware of the development activity happening on Cardano.
"There are two separate goals. One is about introducing the projects on Cardano to the rest of the industry. A common complaint people have is that they have never met anyone building on Cardano or used a Cardano project. The second is what you're talking about. Bringing… – Charles Hoskinson (@IOHK_Charles) December 15, 2024"
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His second goal is to foster collaboration among developers. He envisions a space where they can brainstorm ideas and discuss challenges. This would help inform the Cardano roadmap, funding, and potential partnerships. But, Hoskinson pointed out that this requires a different type of conference than the one he initially proposed.
Despite these developments on the Cardano blockchain, including the Chang hardfork, the upcoming Cardano Constitution, and other upgrades, ADA’s price has experienced a correction. It had previously soared to its yearly high of $1.32 from a 52-week low of $0.2799. At the time of writing, ADA trades at $1.08 with a market cap of $37.93 billion. The Relative Strength Index shows that ADA was overbought for a long time and has undergone a price correction. The gradient of the line suggests sideways movement before the altcoin makes further gains.