Cardano (ADA) founder says it is just getting started, ADA surged 38%
Charles Hoskinson shared about the recent surge in the price of native tokens of the Cardano blockchain Network and said that it is just getting started.
Cardano is a 5th ranked crypto asset in this crypto industry. Its developer teams are working actively on development works on the Cardano Blockchain network, so that Cardano blockchain may achieve that level of transaction speed, which is needed for this industry.
Around 7 days ago, Cardano’s native token ADA touched $1.18. But two major factors acted as a catalyst to pump the ADA coin to hit more than $1.6 on 17 January.
At the time of writing this article, the price of the ADA coin is $1.56, which is 7% higher over the last 24 hours.
Reasons behind surge in ADA price
The first reason for the ADA surge is the main net launch of SundaeSwap (SUNDAE), which is a Dex on Cardano blockchain Network, thanks to Alonzo Hardfork which enabled smart contract features in Cardano blockchain network. The team behind Sundae announced that the team will launch the mainnet on 20 January, which is very near.
The second thing is the statement of Charles Hoskinson, founder of Cardano blockchain Network, where he shared about the Hydra potential to beat the existing competition against Solana like blockchain networks. Charles said that with the use of Hydra, Cardano will be able to achieve 1million TPS.
Charles on ADA pump
Popular bitcoin proponent and crypto Investor, Lark Davis, shared an image of the transactions volume in the Cardano, which was showing that Cardano hit the second biggest number of transactions volume.
It was a type of hint by Lark, that after Ethereum it is Cardano which is showing a better use case in this crypto Industry.
On this, Charles quoted and tweeted that it is Just getting started Lark, and also with the same line he added that it is just January. So Charles hinted that there are huge things to come this year.
Since many months, people were passing negative statements on the Cardano team because ADA faced a huge downfall since it’s all time. But now this situation is giving better confidence to the community of the Cardano (ADA) blockchain network.
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