Charles Hoskinson predicts Cardano price will reach the most important milestone in history. This AI meme coin has exceeded $5 million.

Join our Telegram channel to get the latest news coverage updates. Cardano price has fallen a bit in the past 24 hours and is trading at $0.4373 with a trading volume of 10% as of 02:50 AM ET.
ADA price remained flat despite Cardano founder Charles Hoskinson highlighting important milestones in the history of the Cardano ecosystem on X.
“It looks like June will be the month when Cardano Node reaches 9.0,” he said. “This means that Cardano is ready for the Chang fork and is waiting for the SPO of 70% to install the new node. Then, a hard fork will occur, pushing Cardano into the Voltaire era. This is the most important milestone in the history of Cardano and in the industry as a whole.”
Hoskinson recently spoke out publicly on X, criticizing podcaster Bankless for his coverage of Cardano and its fundamentals.
Cardano Price Prediction: Chang Fork Coming Soon
Cardano price is trading with a bearish bias, trapped below the trendline of the Fibonacci retracement indicator. This barrier has been limiting ADA’s upside potential since March and is likely to continue to do so as ADA bears continue to dominate the market.
The bearish outlook is reflected in the weakness of the Relative Strength Index (RSI) as it keeps making lower highs below the average level of 50. The Moving Average Convergence Divergence (MACD) reinforces this bearish stance by falling below the orange band of the signal line. This shows that the short-term moving average is below the long-term moving average. This means that the recent price action is weaker than the historical average, reflecting the bearish sentiment in the market.
Traders who follow MACD signals may view this configuration as a sign to consider lightening their positions or even shorting the asset. This indicates stronger downside momentum that could lead to further price declines.
In this outlook, the Cardano price may drop to test the bottom of the market range at $41.12 and then a correction may occur. In a severe scenario where the above-mentioned level cannot be maintained, the ADA coin price may fall below this threshold.
On the other hand, if investors view the dip as a buying opportunity, the ensuing buying pressure could lead the Cardano price to recover. A steady close above the trendline, confirmed by the 78.6% Fibonacci Retracement level converted to $0.4923 support level, will attract bulls on the sidelines.
However, to invalidate the bear thesis, ADA bulls must push the Cardano price above the $0.8199 resistance level. Such a move will take the price above $90%.
Meanwhile, as ADA bulls look for new entry points, some memecoin enthusiasts are turning their attention to WAI, which raised more than $5.2 million in its ICO.
YouTuber Jon Trading says this is the top AI crypto meme coin for 2024.
WienerAI is the native cryptocurrency behind WienerDogAI, a hybrid token that seeks to emulate the success of dog meme coins like DOGE and SHIB by leveraging its artificial intelligence capabilities.
The trading robot of the WienerAI project is a reliable companion that helps holders buy and sell cryptocurrencies using predictive technology and a user-friendly interface.
WAI token holders can passively earn an annual percentage yield (APY) of up to 211% through the platform’s staking option.
The WienerAI project is somewhat similar to a previous token called Scotty the AI (SCOTTY), which raised more than $10 million.
Each WAI token is currently only $0.000717, but the price will rise in a little over two days, buy early to get the best deal. To buy WienerAI tokens, visit the official website. You can use ETH, USDT or bank cards to make purchases.