The founder of Cardano (ADA), Charles Hoskinson once again confirmed that the project’s Foundation has engaged in conversations with the founding entities behind Circle and Tether – the issuers of the top stablecoins USDC and USDT.
To the Cardano community, bringing these two stable assets to the blockchain’s ecosystem would favor a bullish Cardano price prediction.
In a lengthy discussion about the matter on X, Hoskinson emphasized: “We talk to Circle probably every month to two months. We’ve engaged with Tether numerous times.”
However, Hoskinson is skeptical about how much impact this could actually have on bringing more DeFi apps to Cardano.
“People seem to think that the inclusion of Circle and Tether will somehow magically supercharge the Cardano ecosystem. That’s just not true. It’s the opposite,” Hoskinson asserted.
Conversations with Circle and Tether date back to 2021. The founder of Cardano was astonished that they refused to bring their flagship stablecoins to this blockchain back then.
Bringing USDC and USDT to Cardano could help boost its credibility but may not necessarily make the network more attractive to developers than it is now.
Cardano Price Prediction: ADA Could Rise to $0.86 If This Happens
Looking at the daily chart, Cardano (ADA) has found support temporarily at the $0.51 level and has stood above this area for a few days as negative momentum seems to have decelerated.
This supports a bullish Cardano price prediction as the market could now try to push the price to higher levels to squeeze short sellers out.
The 9-day exponential moving average (EMA) seems poised to move above the 21-day EMA within the next few days. If a bullish breakout of ADA’s descending price channel occurs along with a move above $0.61, that could ignite a stronger rally toward $0.86 – the token’s nearest swing low.
The Relative Strength Index (RSI) has been moving to higher ground lately as well but has not crossed above the 51 level yet.
In the meantime, as cryptos continue to recover some of the territory they lost from December to April, storing these assets safely is a key priority for investors.
Best Wallet (BEST) has emerged as one of the most promising crypto presales of the year as this Web 3 storage solution offers top-notch features and low fees on swaps.
Best Wallet (BEST) Raises Nearly $14M to Launch its Robust Crypto Wallet
Best Wallet (BEST) was born to bring new features to a segment of the crypto market that has remained relatively stagnant for years.
This solution supports assets within more than 60 blockchains and offers low fees on swaps through the use of the $BEST token.
In addition, the developing team has shared an attractive roadmap that includes the launch of a decentralized exchange (DEX) and a debit card that will allow users to pay for their day-to-day expenses with crypto.
Finally, a new tool called ‘Upcoming Tokens’ helps investors identify the most promising crypto presales and has already spotted some big winners a few months after its launch.
To buy $BEST at its discounted price before the presale event ends, head to the Best Wallet website and connect your wallet. You can download the Best Wallet app if you don’t have one and you can make your investment by either swapping USDT or ETH or by using a debit or credit card.
The post Cardano Price Prediction: Hoskinson Confirms Talks With Circle and Tether – Massive Stablecoin Partnership Coming? appeared first on Cryptonews.
