Cardano and New Developments: Moving Towards Breakthrough
While Cardano, the decentralized blockchain platform, is witnessing ADA rise by 4.3% in the past 24 hours, a new controversy has emerged. There are allegations that founder Charles Hoskinson illegally transferred 318 million ADA worth approximately 619 million USD. However, ADA is still on track for potential breakout, with indicators suggesting the price could rise to 1 USD.
Scandal ADA? Hoskinson Responds
Charles Hoskinson, the founder of Cardano, has become the center of attention in recent weeks. He faces allegations of illegally transferring ADA. Cryptocurrency influencer Masato Alexander claims Hoskinson used special access to transfer 318 million undeclared ADA, worth about 619 million USD. Hoskinson denies this and asserts that 99.8% of the Tokens have been legally declared in accordance with regulations.
Price Chart Analysis
The 1-day chart of Cardano shows that the price has been accumulating in the range of 0.66 USD to 0.72 USD over the past two weeks. Today, ADA rose nearly 4.5% to about 0.707 USD, escaping the recent downtrend. If ADA surpasses the important resistance level at 0.7214 USD, it could confirm the breakout and pave the way for upward momentum to 0.75 USD, 0.80 USD, or even 1 USD.
Conversely, if it fails to break through, ADA could return to support levels near 0.6684 USD or 0.616 USD.
Source: https://tintucbitcoin.com/charles-hoskinson-dinh-scandal-318-trieu-ada-gay-soc/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news in the cryptocurrency market and not miss any important information!
