Cardano’s founder Charles Hoskinson shared significant insights about the network’s future during a recent comprehensive interview.
What you'll learn 👉
Major Development Plans Unveiled
In the interview, Hoskinson revealed that the Midnight glacier drop will serve as the first triumvirate application, utilizing Hydra technology to reach 135 million people. He explained that the team plans to implement redemption logic on Bitcoin, either as an Ordinal or Rune. With nested transactions in place, users would have the ability to pay fees using BTC, a move that could appeal to Bitcoin maximalists while creating a more liquid marketplace.
Hoskinson also discussed the potential role of blockchain technology in government operations. He suggested that blockchain could serve as an audit layer for the U.S. Treasury, combined with AI capabilities to detect waste, fraud, and abuse. This system would prioritize transparency and auditability while leveraging artificial intelligence.
In a significant development for the ecosystem, Hoskinson announced a partnership with Globant, a major publicly traded company with over 20,000 developers. Through a signed memorandum of understanding (MOU), Globant will develop on the Cardano network, with plans to collaborate on AI projects and applications.
JUST IN: #Cardano $ADA Founder Charles Hoskinson "the Midnight glacier drop is the first triumvirate application, using Hydra to distribute to 135M people. We'll put the redemption logic on Bitcoin as an Ordinal or Rune. Once we get nested transactions, you can pay fees in BTC." pic.twitter.com/mD4GGi0HxL
— Angry Crypto Show (@angrycryptoshow) February 15, 2025
ADA Price Analysis: Slow Movement
The Cardano price has a downturn today, dropping around 2.5% and currently trading below the $0.80 mark. Technical indicators show a daily RSI at 47, while the MACD line has moved below the MACD signal line.
Based on these technical indicators and the current market conditions, the ADA price might continue to face selling pressure in the short term. The price could find support around the $0.75 level, while resistance remains near the $0.85 mark. However, the recent developments and partnerships announced by Hoskinson could potentially influence market sentiment in the coming weeks.
Read also: Expert Predicts Cardano (ADA) Price Surge – Here’s What to Expect
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