Hoskinson Expresses Frustration with Cardano Governance Model
- Internal Conflict Intensifies: Cardano founder Charles Hoskinson expresses frustration with the current governance model, stating it has led to increased internal strife, particularly with Japanese dReps opposing him and IOG, putting the project at significant risk.
- Voting Dynamics Shift: Although initial opposition to IOG's proposal was strong, currently 1.11 billion ADA (21.25%) support it, while 473 million ADA (9%) oppose it, with nearly 70% of dReps yet to vote, indicating that future voting outcomes could significantly influence the project's direction.
- Call for Governance Reform: Hoskinson argues that the existing democratic governance model lacks executive function and accountability, proposing the establishment of a new budget committee and making dRep voting private to reduce voter intimidation and ensure the project's long-term viability.
- Vision and Mission: He reiterates that the purpose of creating Cardano is to provide economic identity to 2-3 billion people, emphasizing that cryptocurrency should serve the many rather than the few, and calls on supporters to unite in pushing for governance changes.
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Technical Analysis for ADA
Technical Sentiment Analysis for Cardano (ADA). As of , Cardano (ADA) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 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 crypto.
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 | 0.209 | 0.222 | 0.235 | 0.249 | 0.262 | 0.276 | 0.289 |
| Fibonacci | 0.222 | 0.232 | 0.239 | 0.249 | 0.259 | 0.265 | 0.276 |
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