Cardano founder Charles Hoskinson is scheduled to meet with Argentine President Javier Milei in October at the Tech Forum Argentina conference. The cryptocurrency had an impressive price rally of 166% in 2023 and has the potential to repeat this performance.
If all goes according to plan, the crypto community will expand. In a highly anticipated event, Cardano founder Charles Hoskinson will meet with Argentina’s pro-crypto president Javier Milei in mid-October this year at Tech Forum Argentina. This meeting has generated a lot of excitement within the crypto community, as both leaders are known for their unconventional crypto ventures.
In an interview, Hoskinson revealed that a crypto revolution is brewing in Argentina, and Cardano could be at the forefront. The president and the founder are expected to discuss their visions and plans for the future of cryptocurrency.
President Milei, often referred to as a “philosophical Austrian” with libertarian views, has been a strong supporter of the new asset class. He shares the crypto community’s ethos of a decentralized system that eliminates government control over money.
Milei, who took office a year ago, has played a crucial role in promoting blockchain technology in Argentina. The country is currently facing hyperinflation, with projections of up to 250% this year. As a result, many citizens have turned to crypto as a hedge against the depreciating Argentine Peso. Argentina currently ranks 25th globally for crypto adoption.
Cardano is leading the charge in Argentina, making a significant impact in the crypto world, much like other projects in their respective countries. By collaborating closely with Atixlabs, one of its early development partners based in Argentina, Cardano aims to take advantage of Milei’s pro-crypto stance. A successful meeting with the president could solidify Cardano’s presence in the country and influence government policies favoring the adoption of ADA.
There is hope that history could repeat itself for Cardano (ADA). In the fourth quarter of 2023, ADA experienced a remarkable price rally of 166%, driven by increased market interest and the broader crypto bull run. However, since March 2024, ADA has been experiencing a significant decline, losing nearly 66% of its value.
Despite this decline, data from Santiment shows that large ADA holders, known as whales, have been accumulating tokens since mid-July 2024. This accumulation, along with Cardano’s recent recovery, has sparked optimism within the crypto community. Bitcoin has also experienced a surge in the past week, further fueling expectations for Cardano. Analysts predict that if Cardano’s price action mirrors its rally in Q4 2023, the cryptocurrency could reach resistance levels around $0.509 and $0.600, potentially surging close to $1.
In conclusion, the upcoming meeting between Charles Hoskinson and Javier Milei has generated excitement within the crypto community. Both leaders share a vision for the future of cryptocurrency and are expected to discuss their plans for further adoption and development. If Cardano can replicate its past performance, it could experience another significant rally in price.