Hoskinson Acknowledges Expensive Discussions with Chainlink as Cardano Evaluates Alternatives
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Sep 01 2025
Should l Buy ADA?
Chainlink Integration Negotiations
- Integration Costs: Cardano founder Charles Hoskinson revealed that Chainlink quoted an "absurd" price for integration, indicating that negotiations are ongoing. He acknowledged the expertise of Chainlink co-founder Sergey Nazarov as a skilled negotiator.
- Importance of Oracles: The integration is crucial for Cardano to access reliable data feeds, which are essential for the functionality of many decentralized finance (DeFi) applications. Oracles enable on-chain applications to reference external data, and without them, scalability is hindered.
Strategic Decision-Making
- Buy vs. Build: Cardano is weighing the decision to purchase proven oracle infrastructure against developing in-house tools. This involves balancing the immediate cash costs of integration with the risks and complexities of building a parallel system.
- Community Reactions: The community's response to Hoskinson's comments was mixed, with some urging for a swift integration of Chainlink, while others questioned the lack of internal solutions and demanded clearer timelines for progress.
Market Implications
- Potential Outcomes: If a deal with Chainlink is finalized, it could enhance Cardano's capabilities and broaden its use cases. Conversely, if negotiations falter, Cardano may have to rely more on internal or alternative solutions, which could complicate its development efforts.
- Current Market Status: As of now, Cardano (ADA) is trading at $0.813, reflecting a 1.12% decline in the last 24 hours and a 12.35% drop over the past week. Its market capitalization stands at $29.69 billion, with a 24-hour trading volume of $956 million. ADA is currently 73.5% below its all-time high of $3.09.
Future Developments
- ETF Listing: Cardano is preparing for its first ETF listing on Wall Street, with proposals from issuers like Grayscale. If approved, this could attract institutional investment and enhance ADA's legitimacy in regulated markets.
- Controversies: Despite facing ongoing controversies regarding fund mismanagement, similar to issues in previous years, these challenges have not significantly impacted Cardano's long-term roadmap.
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Technical Analysis for ADA
Technical Sentiment Analysis for Cardano (ADA) As of , Cardano (ADA) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ADA stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ADA is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Cardano (ADA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.124 | 0.172 | 0.225 | 0.274 | 0.327 | 0.376 | 0.429 |
| Fibonacci | 0.172 | 0.211 | 0.235 | 0.274 | 0.313 | 0.337 | 0.376 |
About ADA
Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change.To learn more about this project, check out our deep dive of Cardano.The open-source project also aims to “redistribute power from unaccountable structures to the margins to individuals” — helping to create a society that is more secure, transparent and fair.Cardano was founded back in 2017, and named after the 16th century Italian polymath Gerolamo Cardano. The native ADA token takes its name from the 19th century mathematician Ada Lovelace, widely regarded as the world’s first computer programmer. The ADA token is designed to ensure that owners can participate in the operation of the network. Because of this, those who hold the cryptocurrency have the right to vote on any proposed changes to the software.The team behind the layered blockchain say that there have already been some compelling use cases for its technology, which aims to allow decentralized apps and smart contracts to be developed with modularity.In August 2021, Charles Hoskinson announced the launch of the Alonzo hard fork, causing Cardano price to surge, gaining 116% in the following month. On Sept. 12, 2021, the Cardano ‘Alonzo’ hard fork officially launched, bringing smart contract functionality to the blockchain. Over 100 smart contracts were deployed in the following 24 hours after the launch.Cardano is used by agricultural companies to track fresh produce from field to fork, while other products built on the platform allow educational credentials to be stored in a tamper-proof way, and retailers to clamp down on counterfeit goods.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
