Charles Hoskinson, the founder of Cardano, recently proposed a conference for developers on the network. He wants this event to showcase the Cardano ecosystem and demonstrate its capabilities to the world. Hoskinson believes this will help address any doubts about the blockchain’s potential.
In a post on X (formerly Twitter), Hoskinson asked the crypto community for suggestions on where to host this gathering. He proposed a million-dollar grant to cover travel and expenses for attendees. In response, Cardano Foundation technical director “KtorZ” mentioned two “builder fests” planned for 2025 in Vietnam and Argentina.
However, Hoskinson clarified his vision in another X post. He explained that he has two main goals. First, he wants to bring developers together to showcase Cardano projects to the rest of the crypto industry. He noted that many people are unaware of the development activity happening on Cardano.
https://twitter.com/IOHK_Charles/status/1868434735078556067
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His second goal is to foster collaboration among developers. He envisions a space where they can brainstorm ideas and discuss challenges. This would help inform the Cardano roadmap, funding, and potential partnerships. But, Hoskinson pointed out that this requires a different type of conference than the one he initially proposed.
ADA Price Analysis
Despite these developments on the Cardano blockchain, including the Chang hardfork, the upcoming Cardano Constitution, and other upgrades, ADA’s price has experienced a correction. It had previously soared to its yearly high of $1.32 from a 52-week low of $0.2799. At the time of writing, ADA trades at $1.08 with a market cap of $37.93 billion.
The Relative Strength Index shows that ADA was overbought for a long time and has undergone a price correction. The gradient of the line suggests sideways movement before the altcoin makes further gains.
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