Cardano ($ADA) Bullish Sentiment Soars as Binance CEO and Cardano Foundation CEO Prepare for Exclusive Fireside Chat
Soon, Cardano Foundation CEO & Binance CEO will appear for a constructive discussion on the use of the Cardano blockchain network.
Cardano is a popular Proof-of-Stake (PoS) blockchain network mainly known for its ability to process transactions with high stability. Its project team and leader never support any kind of hype to gain attention. Instead, they remain focused on pushing useful development work around the Cardano blockchain to bring its technology into real-life use.
As per the latest reports, Cardano Foundation CEO Frederik Gregaard and Binance CEO Richard Teng are preparing for a fireside chat on Building Resilient, High-Performing Organizations.
However, it is still unconfirmed why they are meeting, but many people speculate that Binance leaders are planning to mint Binance-friendly tokens on the Cardano blockchain network.
Currently, there are numerous tokens that are not available on the Cardano blockchain network, and it is expected that Binance crypto exchange may mint Binance Coin (BNB) and FDUSD stablecoin on the Cardano network.
$ADA Price Action
The current trade price of $ADA coin, the native token of the Cardano blockchain network, is $0.37, and this price is 4.36% higher over the last 7-day period.
It is worth noting that ADA is still down 39.38% year-to-date. Despite this, there is optimism surrounding its future price movement. Predictions suggest that ADA could see a potential recovery in the coming months. For October 2024, the price is expected to fluctuate between $0.410 and $0.493, with an average prediction of $0.451.
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