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Cardano price risks 50% drop as Hoskinson bets on Midnight, Leios
Cardano price has bounced back in the past few days, moving from a low of $0.4910 to $0.5615, and a forming inverse cup-and-handle pattern points to more downside this year.
Cardano has a few developers and decentralized applications on its platform. Existing apps also have a negligible market share in their industries.
Therefore, Charles Hoskinson is betting on two major developments to boost its ecosystem and ADA. One of them is the Leios upgrade, which will introduce the input, endorsement, and ranking blocks, enabling parallel processing.
#Cardano #Ethereum #etiboykot