Cardano Price Prediction As Founder Charles Hoskinson Slams Critics And Top Analyst Says This New Meme Coin Might Make Millionaires

The
Cardano
price
is
up
a
fraction
in
the
past
24
hours
to
trade
for
$0.4626
as
3:30
a.m.
EST
on
trading
volume
that
surged
nearly
10%.

It
comes
as
the
network’s
founder
Charles
Hoskinson
slammed
coverage
by
podcaster
Bankless,
who
questioned
Cardano
and
its
underlying
fundamentals.

Ok

@IOHK_Charles
now
is
as
good
a
time
as
any,
want
to
come
on

@BanklessHQ
and
tell
us
why
cardano
is
alive?

Blank
slate
for
me,
I
haven’t
kept
up
with
the
project
at
all.

https://t.co/FtyRt4DNXr

—
RYAN
SΞAN
ADAMS
–
rsa.eth
????
(@RyanSAdams)

June
6,
2024

Amid
the
engagement,
one
community
member
highlighted
that
the
Cardano
network
only
manages
up
to
50,000
daily
users
despite
being
in
the
market
for
at
least
eight
years
now.

Coming
out
to
defend
his
network,
Hoskinson
highlighted
that
Cardano
is
on
the
verge
of
the
most
significant
hard
fork
in
the
history
of
the
project.
He
also
mentioned
that
multiple
community
DApps
are
growing
rapidly
atop
the
network
and
that
it
is
leading
the
industry
in
scaling
research
and
development.

Never
in
my
career
have
I
seen
such
a
profound
disconnect
between
reality
and
opinion
with
the
cryptocurrency
influencer
and
media
perception
of
Cardano
versus
its
actual
fundamentals.

We
are
on
the
verge
of
the
most
significant
hard
fork
in
the
history
of
the
project,
tons
of…

—
Charles
Hoskinson
(@IOHK_Charles)

June
6,
2024

“It’s
beyond
pathetic
and
just
reflects
on
the
low
quality
and
low
effort
they
put
into
our
ecosystem,”
he
said.
“Cardano
is
here
to
stay,
and
it’s
a
juggernaut
that
will
drag
this
industry
kicking
and
screaming
if
it
has
to
towards
solving
the
real-world
economic,
political,
and
social
issues
we
all
face.”

Cardano
Price
Prediction
As
Hoskinson
Says
The
Network
Is
Here
To
Stay

The
Cardano
price
is
trading
with
a
bullish
bias
after
breaking
above
the
resistance
due
to
the
descending
trendline.
The
budding
higher
lows
on
the
Cardano
price
are
reinforced
by
the
higher
lows
of
the
Relative
Strength
Index
(RSI).

This
points
to
growing
bullish
sentiment
as
buying
pressure
continues
to
rise.
Nevertheless,
it
is
important
that
investors
watch
for
a
close
of
the
RSI
above
the
mean
level
of
50
on
the
daily
timeframe
to
confirm
the
continuation
of
the
trend.

Noteworthy,
the
Moving
Average
Convergence
Divergence
has
also
moved
above
the
orange
band
of
the
signal
line.
The
MACD
histograms
are
also
in
positive
territory,
solidifying
the
case
for
the
bulls.

If
bullish
momentum
increases
and
the
RSI
closes
the
Friday
trading
session
above
the
50
mean
level,
the
Cardano
price
could
extend
the
gains
to
test
the
$0.4948
blockade.

A
decisive
candlestick
close
above
this
level
would
provide
the
jumping-off
point
for
a
continuation
of
the
uptrend.
This
could
see
the
Cardano
price
climb
high
to
tag
the
$0.5607
resistance
level.

In
a
highly
bullish
case
where
the
Cardano
price
reclaims
above
the
aforementioned
level,
the
late
bulls
and
skeptics
would
be
enticed
to
buy
ADA.
At
this
point,
ADA
would
be
attractive
to
buy
as
$0.5607
is
a
formidable
resistance.

The
ensuing
demand
pressure
could
send
the
Cardano
price
further
north,
potentially
as
high
as
to
reclaim
the
$0.8199
range
high.

GeckoTerminal:
ADA/USD
1-day
chart

Converse
Case

On
the
other
hand,
if
traders
start
cashing
in
on
the
gains
made
this
week,
the
premature
profit
booking
could
cause
a
rejection.
A
slip
below
the
$0.4265
support
level
would
invalidate
the
bullish
thesis.

As
some
analysts
criticize
Cardano,
crypto
analyst
and
YouTuber
ClayBro
is
saying
new

Base
chain
meme
coin
presale
Base
Dawgz
(DAWGZ)
can
”create
millionaires.”

Promising
Alternative
To
Cardano

DAWGZ
is
the
native
cryptocurrency
for
the

Base
Dawgz
ecosystem.
The
Dawgz
presale
only
went
live
on
June
4
and
has
already
raised
more
than
$435K.

DAWGZ
operates
primarily
on
Base
but
also
resides
on
Ethereum,
Solana,
BNB
Chain,
and
Avalanche.

As
its
website
says,
DAWGZ
is
inspired
by
the
”spirit
of
base
jumping”
and
is
interoperable
on
multiple
chains.
This
multichain
functionality
helps
widen
the
appeal
of
DAWGZ
to
investors.

DAWGZ
tokens
are
priced
at
$0.00479
each,
but
a
price
hike
is
coming
in
less
than
four
days.

Visit
and
buy
Base
Dawgz
here.

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