Cardano Price Forecast: ADA Jumps 15% Ahead of Hoskinson’s Meeting with Argentine President
Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...
The Cardano price has risen by 3.5% in the past 24 hours, reaching $0.3828 on a day when the crypto market as a whole has dipped by 1%.
ADA is now up by 16% in a week and by 14% in a fortnight, with the coin benefitting from the recent news that Cardano founder Charles Hoskinson is likely to meet Argentina’s President Javier Milei in October.
Given Cardano’s existing presence in Argentina, the fact that both Hoskinson and Milei will be attending the same conference invites the belief that Cardano could soon gain more traction within the South American nation.
And because ADA has traded below its fair price for too long now, any significant adoption could see its price rocket.
As we reported last week, Hoskinson’s expects to meet with Milei at the tech conference in October, and to discuss how blockchain adoption could further economic change.
While the meeting is not 100% confirmed for the event, Hoskinson expects it to happen sooner or later, and it could provide a very significant opportunity for Cardano.
The latter had already signed a Memorandum of Understanding with the province of Entre Ríos, with which it will work on boosting blockchain adoption in its area.
As such, it is credible to believe that Cardano will deepen its ties in Argentina, with this expectation helping to boost ADA’s price over the past week.
Even now, ADA’s chart continues to show considerable momentum, with the alt’s RSI (purple) remaining above 50.
It also looks as though the Cardano price is about to bounce off its support level (green), sending it
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