bullish

Cardano

2024

<ul>
 <li>Charles Hoskinson emphasizes Cardano’s unique “consensus building” as a key competitive advantage, contributing to its bullish ADA on-chain metrics.</li>
 <li>Cardano’s growing social dominance and positive on-chain trends signal potential gains for ADA, despite previous trader losses.</li>
</ul>
During a recent fireside chat, Charles Hoskinson, co-founder of Cardano, discussed the blockchain’s competitive edge, highlighting “consensus building” as one of its hidden <a href="https://www.crypto-news-flash.com/cardano-powered-game-chronoshot-hits-epic-games-store/" rel="noopener noreferrer nofollow">superpowers</a>. This development is in line with a CNF <a href="https://www.crypto-news-flash.com/charles-hoskinson-highlights-2-key-solutions-for-powering-global-financial-os-on-cardano-can-these-drive-ada-adoption/" rel="noopener noreferrer nofollow">update</a> about Hoskinson highlighting two key solutions for powering a global financial OS on Cardano.
On the newly built consensus, he emphasized that this process is a significant advantage over other smart contract platforms. <a href="https://www.crypto-news-flash.com/shaping-cardanos-future-cip-1694-puts-power-in-the-hands-of-ada-holders/" rel="noopener noreferrer nofollow">Cardano’s on-chain</a> metrics also show a bullish trend, with ADA gaining over 10% in the past week.
According to a recent tweet by the research and development company Input Output, the process of consensus building is one of Cardano’s greatest strengths and competitive advantages.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 ‘This exercise of consensus building is one of the hidden superpowers and the biggest competitve advantage that Cardano has’- <a href="https://twitter.com/IOHK_Charles?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@IOHK_Charles</a>.
 Thank you to <a href="https://twitter.com/IOHK_Charles?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@IOHK_Charles</a>, <a href="https://twitter.com/jj_siler?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@jj_siler</a> &amp; <a href="https://twitter.com/giozzi?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@giozzi</a> for their engaging discussion at <a href="https://twitter.com/hashtag/RareEvo24?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#RareEvo24</a>.
 Watch the replay of ‘Reflecting on…
 — Input Output (@InputOutputHK) <a href="https://twitter.com/InputOutputHK/status/1826247255478685992?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 21, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The tweet also expressed gratitude to Charles Hoskinson, along with team members JJ Siler and Giovanni Abignano, for their insightful discussion at RareEvo24. A replay of the chat is available on YouTube.
Furthermore, Cardano’s on-chain metrics are painting a positive picture, with its social dominance reaching its highest level since June 2022, indicating increased discussion among crypto market participants.
Although it has persisted in realizing losses by <a href="https://www.crypto-news-flash.com/social-trading-and-community-features-finding-the-best-crypto-trading-app/" rel="noopener noreferrer nofollow">traders</a>, this pattern often precedes a price recovery, suggesting potential gains for ADA in the near future. Cardano (ADA) is trading at $0.3768, having surged by 2.89% in the past day and 15.55% in the past week. See ADA Price chart below.

<div class="cryptoboxes" id="mcw-419861" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="cardano" data-symbol="ADA" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>

Charles Hoskinson Reveals Cardano’s “Hidden Superpowers” Amid Bullish ADA On-Chain Metrics

Crypto News Flash

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