Cardano (ADA) Settles After Charles Hoskinson’s Lace Wallet News Trigger Price Spike
Charles Hoskinson is the founder of. He has stated that the ecosystem could expand to accommodate a billion people with the release of Lace, its new cryptocurrency wallet.
Cardano Ecosystem: Get a New Wallet
Input Output Global’s CEO Charles Hoskinson stated that he believes Lace, the lightweight Cardano wallet, can help it reach one billion users.
Lace, currently in beta, will connect everything in Web 2.0 to one interface. This all-in-one wallet allows users to manage DApps, NFTs, and DeFi services from one interface.
Price Expectation for Cardano (ADA)
ADA trades sideways today despite the cryptocurrency market showing great strength. It rallied to $0.415, a two-week high, after its 10% rally on Tuesday October 25th.
The three-day price graph for ADA. Source: CoinMarketCap
ADA currently trades at $0.406, and Santiment’s MVRV Z-Score for Cardano shows that the altcoin is undervalued. Already, ADA appears to be showing bullish signals, with the NFTs recently growing by 30%.
With more than 1,000 projects currently being developed on Cardano and Lace, and the “world’s financial operating system” launching soon, ADA could embark on a major rally to touch $0.75 if macroeconomic conditions remain favorable for the crypto market.
- Commenting on the hotly debated topic of Ethereum’s classification, the Cardano founder noted that “now, it’s a proof-of-stake system” and that ETH is a security.
Why you should care
ADA has the greatest potential for a major price breakout in the next year with the Cardano Network projects.
Get updates on ADA’s listing on FTX below:
Sam Bankman Fried Provides an Update on Cardano (ADA), Listing at FTX
Find out more about Cardano’s development below:
Cardano Receives More Than 100 Smart Contracts Two Weeks after the Vasil Hard Fork