Cardano ($ADA) Marks 7th Anniversary of Mainnet Launch: Is a Major Price Surge on the Horizon?

Charles Hoskinson is celebrating the 7th anniversary of Cardano blockchain’s mainnet launch.

Charles Hoskinson is the co-founder of Ethereum and founder of the Cardano blockchain. In 2013, after leaving the Ethereum project, he started working on the Cardano blockchain. He left Ethereum’s company because his vision did not align with that of the other Ethereum co-founders. After tremendous hard work, Hoskinson launched the Cardano blockchain network in 2017.

On 27 Sep 2024, the Cardano founder, Charles Hoskinson, informed his followers that the Cardano blockchain network completed 7 years since its mainnet launch.

Almost all Cardano supporters and true crypto enthusiasts congratulated Hoskinson’s Cardano network and expressed hopes for a significant rally in the trade price of Cardano’s native token.

$ADA Price Action

The current trade price of Cardano’s native token, $ADA, is $0.407, and this price is 14% higher over the last 7 days.

Currently, $ADA’s trade price hovers around key support levels, with market sentiment indicating potential for upward movement. The celebration of its mainnet launch and ongoing development within its ecosystem could spark renewed investor interest, potentially leading to a price surge. However, ADA remains subject to broader market volatility, so traders should monitor macroeconomic factors and Bitcoin’s performance, which tend to impact altcoins like Cardano.

Cardano Founder vs. Ethereum

Recently, in an interview with the top crypto news website Cointelegraph, Hoskinson claimed that Ethereum blockchain’s development-related decisions remain centred around Ethereum co-founder Vitalik Buterin. He said that while the Ethereum blockchain is fully decentralised, the decision-making process is not.