Charles Hoskinson, the brilliant mind behind Cardano, recently tweeted his pleasure about the success of the CIP-1694 workshop that took place in Edinburgh. Over 1,000 people from across all continents attended the event, which drew a wide range of aficionados.
Hoskinson praised the neighbourhood for its involvement in the workshop and inclusion into the procedure. He emphasised the importance of this partnership because it sets a good tone for Cardano’s future and highlights the power of its active community, which he considers to be unmatched in the cryptocurrency industry.
While the workshop was praised and demonstrated the Cardano community’s commitment, the native blockchain asset, ADA, has not yet demonstrated the same zeal.
Cardano (ADA) price action
The crucial range between $0.3 and $0.32 per token has proven to be difficult for ADA to transcend despite trading within an upward wedge formation over the previous month. This obstacle highlights the need of breaking past this barrier to start a bullish trend by indicating a bearish scenario in the short future.
Some would argue that Cardano’s development, as seen by continuous seminars and conversations, may not be enough to spark a significant increase in the value of ADA. It might be argued that further positive fundamental news and events may be required to change investor mood towards an optimistic perspective.
Hoskinson’s passion and the devoted support of the Cardano community set a strong basis for the project’s future as it works to establish itself as a fully decentralised autonomous organisation. But it’s still unclear if these events will result in a noticeable increase in the price of ADA, and market participants are anxiously awaiting major triggers that can change the token’s course.
