Charles Hoskinson, the CEO of IOHK and the Co-Founder of Cardano and Ethereum, tweeted on 22nd February 2020, that the coming two months are going to be wild for ADA cryptocurrency ecosystem. Hoskinson is assertive to work upon the set of programs constructed for the launch of new methods that are still pending. He further noted that there is a series of innovations lined up to assist the ADA.
The strategic plans by Cardano for the upcoming innovations are not exactly noticeable in the crypto community as of now. Hoskinson believes that whenever these ideas are executed as per plan, it will enfold the way to the development of the ecosystem on a wider level. He said it in a tweet on Saturday,
As per ADA’s recent price analysis, it is seen that as of now, ADA has an optimistic approach that held the medium-term resistance levels at $0.07, $0.08, $0.09, and support levels at $0.03, $0.02, $0.01. According to the trade session of 22nd February 2020, ADA witnessed an increase in price decline at a support level to $0.057.
Cardano’s 2020 Price Prediction states that ADA/USD reduced the further support level to $0.057and presently, ADA price is stumbling around two EMAs. It is speculated that in the coming few days, ADA prices can experience a fall in the medium term.
The ADA/USD pair is in the process of getting stronger, and as per the last analysis, it is trading between $0.057 and $0.043 in the resistance and support levels, respectively.