Will this Hoskinson come into conflict with the decentralized financing project (DEFI) this decrease or a sudden increase? Here are the details of the story.
Cardano-Eda attended a state of chaos in the last two days after a conflict between the founder of the Bolkachen Cardino Hoskinson and the Defi protocol called Optim Finance.
The conflict came in the context of the Hoskinson accusation of the financing protocol of a defamation campaign against him accusing him of adding software (code) to the Allgra of Cardano update allowed him to redirect $ 600 million in Ada currency without having to vote the currency community.
The last accusation in this regard came from Masator Alexander, an unpredictable symbol (NFTS), where he said that Hoskinson had been able to acquire this enormous quantity of currency to the initial offer (ICO) of ADA in 2021.
However, the founder of Cardano denied these accusations, criticizing the financial project Optim, whose basic price of the currency increased from $ 0.29 to $ 0.18 – that is to say a loss rate of 38% – at the end of May after Hoskson reduced his relations with this decentralized financing project.
Although Cardano is among the ten most important currencies in terms of market value, the growth of its technical system has been low for years, in particular in the field of decentralized financing – compared to its competitions such as Solana and even Su.
For its part, the Kardano community disagreed with the hostile response of Hoskinson to the allegations of Alexander, because it considered it harmful to the relationship between the project and the developers of its technical system.
Does the latter dispute negatively affect the expectations of the Cardano price?
Cardano Prix Aspects: ADA Price can decrease to $ 0.50 after decreasing without the direction line
The Cardano-ADM price continues to decrease for the seventh consecutive day; Perhaps the last reaction on the whole market – in addition to this problem linked to the same project – led to this sharp drop in the price of money. During this period, ADA was lost 12.8% of its value, while its losses since the start of the year amounted to around 21%.
Consequently, the daily graphic of Kardano’s price shows its decline without the downhill channel, which can cause more losses, and the recent drop in Kardano’s price below the main level of support can indicate a downward reflection. The rebound remains short to repair the previous trend line at the bottom, but the current technical situation indicates a possible drop to the level of $ 0.50 in the coming weeks, adding more caution to the expectations of the Kardano price at present.
On the other hand, the Solana Bluecinine always dominates the scene as a preferred technical system for decentralized funding. Solaxy (Solx) – A solution to a second candidate based on Blockchain Solana – did not quickly have one of the most popular digital currencies this year, thanks to its role in improving the effectiveness of the Solana network and the reduction of congestion, the Solx currency is established as a major player during the wave of innovations in the decentralized financial sector.
The Solaxy (Solx) subscription enters its last days – so do not miss the opportunity to invest
Solaxy (Solx) to get rid of congestion problems that have negatively affected the operational efficiency of the Solana network in the past.
For its part, the project can achieve this by launching a parallel network which collects and processing transactions to reduce the burden of the main network during advanced periods, and the development team made remarkable progress in the execution of this second layer solution. Until now, the team has launched a pilot network, a bridge to connect currencies via blockchain networks and a blockchain browser to resolve the second layer which allows investors to visualize it directly in order to assess the performance of this network.
As the basic currency of this project, Solx should witness a strong demand once a Solaxy solution is largely adopted by the largest trading platforms and the chipto wallets.
In order to buy Solx at low subscription price, you can visit the Solaxy website and link your wallet (such as the best portfolio) to its interface, and buy money against Solana and Totttt (USDT) or Visa and Maskerad Currency.
Will Cardano prices expectations: will the Hoskinson crisis cause chaos, or is it a catalyst for the ADA price? First apppet on Arab Cryptonews.
