Cardano founder Charles Hoskinson sent the ADA enthusiasts into a tailspin with a Sunday post on the X platform.
Since reaching an all-time high of $3.09 in September 2021, ADA has experienced a significant decline of over 86%, sliding into a consolidation phase in recent weeks amid the absence of bullish catalysts.
Market sentiment was notably stirred by a cryptic remark from Cardano’s Charles Hoskinson.
Hoskinson Ignites ADA Fans
In his post, Hoskinson said Monday, which is today, “is going to be a good day.” Unsurprisingly, the post was enough to capture the attention of ADA fans, with many questioning what was going to happen on Monday.
Despite there being no official announcement regarding an imminent upgrade or partnership, some commentators suggested the possibility of a Solana integration. Others speculated whether the Cardano network was finally launching its stablecoin.
Hoskinson’s post comes after the Cardano network’s core development teams secured approval for a 70 million ADA treasury withdrawal to finance a slew of long-delayed infrastructure integrations. This move marked the most coordinated ecosystem measure the network has witnessed in years.
Funds will be allocated to creating stablecoins, credible oracle feeds, cross-chain bridges, custody integrations, and analytics tooling, among other advancements to benefit the Cardano ecosystem.
Last month, the Cardano network also fell victim to its first major chain split in eight years of operation after an intentionally crafted transaction exploited a three-year-old bug in node software, momentarily splitting the $15 billion blockchain into two competing chains.
ADA is higher by 4.2% over the last 24 hours, modestly outpacing the broader crypto market surge, according to CoinGecko data. The leap comes as crypto markets staged a turnaround on Sunday. Total crypto market capitalization rose to $3.2 trillion, recovering after recently slipping below the $3 trillion mark.
Source: https://zycrypto.com/hoskinson-sends-cardano-community-into-a-frenzy-with-cryptic-post-promising-today-will-be-a-good-day/
