{"id":507756,"date":"2022-10-25T18:00:20","date_gmt":"2022-10-25T18:00:20","guid":{"rendered":"https:\/\/wncen.com\/?p=507756"},"modified":"2022-10-25T14:54:30","modified_gmt":"2022-10-25T14:54:30","slug":"is-this-product-likely-to-bring-cardano-back-to-1-charles-hoskinson-speaks-out","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cardano\/is-this-product-likely-to-bring-cardano-back-to-1-charles-hoskinson-speaks-out\/","title":{"rendered":"Is This Product Likely to Bring Cardano Back to $1? Charles Hoskinson Speaks Out"},"content":{"rendered":"

Cardano is sinking deeper into support after a rejection at $0.50 and $0.40 with no indication of a rebound. The cryptocurrency has been one of the worst performers in this crypto bear market, but the bulls might still have some hope.\u00a0<\/span><\/strong><\/p>\n

Related Reading: Tron Hits Record 117 Million Users, But TRX Price Increase Is Mediocre<\/a><\/div>\n

At the time of writing, Cardano (ADA) trades at $0.37 with a 2% profit in the last 24 hours and a 2% loss in the previous seven days. Over the past month, ADA\u2019s price records a massive 20% loss wiping out any bullish sentiment for investors.\u00a0<\/span><\/p>\n

\"Cardano
ADA’s price moving sideways on the 4-hour chart. Source: ADAUSDT Tradingview<\/strong><\/a><\/figcaption><\/figure>\n

Onboarding Millions Of New Users To Cardano<\/h2>\n

In a recent interview with Big Pey, the inventor of Cardano, Charles Hoskinson, talked about the launch of their newest crypto wallet, \u201cLace.\u201d This new product will allow Cardano to get to a billion users, according to Hoskinson.\u00a0<\/span><\/p>\n

The new crypto wallet is still developing but will operate as the \u201cworld\u2019s financial operating system upon its release.\u201d Lace will provide users with new use cases, access to non-fungible tokens (NFTs), decentralized finance (DeFi) protocols, on-chain gaming, and much more.\u00a0<\/span><\/p>\n

The new crypto wallet will take the Cardano ecosystem to new levels by offering an all-in-one solution for identity, transactions, and applications. According to Hoskinson, Lace is based on legacy and the latest technology. He said:\u00a0<\/span><\/p>\n

We put some of our best people together. We took a lot of great new technologies like Mithril and Atala PRISM and a lot of legacy stuff that we invented in the cardano ecosystem, and we pulled it all together, and now Lace as a product is starting to come out to market. It\u2019s one of our first commercial B2C products, and so it\u2019s not a reference client. It\u2019s not like Daedalus, which is a neutral playground, but rather this is IO\u2019s view of how crypto ought to be done (\u2026).<\/p><\/blockquote>\n

<\/iframe><\/div>\n

Hoskinson expects Lace to ignite a change in the crypto industry, pushing crypto wallets to become much more. For several years, products have attempted to get users to adopt identity solutions and certificates, but they have yet to be successful. Lace might be the first crypto wallet to score a victory in the sector.<\/span><\/p>\n

Will Cardano Be Compatible With Bitcoin And Ethereum?<\/h3>\n

In the long run, Cardano and ADA holders might see the most significant benefit, but the entire industry could benefit from Lace. Hoskinson claims that everyone with a computer or smartphone will be able to download Lace and use it.\u00a0<\/span><\/p>\n

The crypto wallet will move from a demo phase to a beta, but Hoskinson was careful to omit deadlines. In the future, Lace might become Cardano\u2019s killer product, a wallet for \u201ceveryone, not just the crypto enthusiasts,\u201d Hoskinson said. He added:\u00a0<\/span><\/p>\n

It\u2019s also going to be cross chain. So, it\u2019s not just Cardano. It\u2019ll support Bitcoin, Ethereum,and a lot of other ecosystems and showcase what we\u2019ve created as an ecosystem to the rest of the cryptocurrency space in that respect.<\/p><\/blockquote>\n

Related Reading: Bitcoin Volatility Shrinks To All-Time Lows \u2013 What To Expect<\/a><\/div>\n

Lace might also operate as a new bullish narrative for ADA\u2019s price. Without one, the cryptocurrency seems poised to continue trending lower at the mercy of macroeconomic forces.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Cardano is sinking deeper into support after a rejection at $0.50 and $0.40 with no indication of a rebound. The cryptocurrency has been one of the worst performers in this crypto bear market, but the bulls might still have some hope.\u00a0 Related Reading: Tron Hits Record 117 Million Users, But TRX Price Increase Is Mediocre At the time of writing, Cardano (ADA) trades at $0.37 with a 2% profit in the last 24 hours and a 2% loss in the previous seven days. Over the past month, ADA\u2019s price records a massive 20% loss wiping out any bullish sentiment for investors.\u00a0 Onboarding Millions Of New Users To Cardano In a recent interview with Big Pey, the inventor of Cardano, Charles Hoskinson, talked about the launch of their newest crypto wallet, \u201cLace.\u201d This new product will allow Cardano to get to a billion users, according to Hoskinson.\u00a0 The new crypto wallet is still developing but will operate as the \u201cworld\u2019s financial operating system upon its release.\u201d Lace will provide users with new use cases, access to non-fungible tokens (NFTs), decentralized finance (DeFi) protocols, on-chain gaming, and much more.\u00a0 The new crypto wallet will take the Cardano ecosystem to new levels by offering an all-in-one solution for identity, transactions, and applications. According to Hoskinson, Lace is based on legacy and the latest technology. He said:\u00a0 We put some of our best people together. We took a lot of great new technologies like Mithril and Atala PRISM and a lot of legacy stuff that we invented in the cardano ecosystem, and we pulled it all together, and now Lace as a product is starting to come out to market. It\u2019s one of our first commercial B2C products, and so it\u2019s not a reference client. It\u2019s not like Daedalus, which is a neutral playground, but rather this is IO\u2019s view of how crypto ought to be done (\u2026). Hoskinson expects Lace to ignite a change in the crypto industry, pushing crypto wallets to become much more. For several years, products have attempted to get users to adopt identity solutions and certificates, but they have yet to be successful. Lace might be the first crypto wallet to score a victory in the sector. Will Cardano Be Compatible With Bitcoin And Ethereum? In the long run, Cardano and ADA holders might see the most significant benefit, but the entire industry could benefit from Lace. Hoskinson claims that everyone with a computer or smartphone will be able to download Lace and use it.\u00a0 The crypto wallet will move from a demo phase to a beta, but Hoskinson was careful to omit deadlines. In the future, Lace might become Cardano\u2019s killer product, a wallet for \u201ceveryone, not just the crypto enthusiasts,\u201d Hoskinson said. He added:\u00a0 It\u2019s also going to be cross chain. So, it\u2019s not just Cardano. It\u2019ll support Bitcoin, Ethereum,and a lot of other ecosystems and showcase what we\u2019ve created as an ecosystem to the rest of the cryptocurrency space in that respect. Related Reading: Bitcoin Volatility Shrinks To All-Time Lows \u2013 What To Expect Lace might also operate as a new bullish narrative for ADA\u2019s price. Without one, the cryptocurrency seems poised to continue trending lower at the mercy of macroeconomic forces.<\/p>\n","protected":false},"author":535,"featured_media":499554,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16896],"tags":[12333,79508,12332],"class_list":["post-507756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-adausdt","tag-cardano"],"acf":[],"yoast_head":"\nIs This Product Likely to Bring Cardano (ADA) Back to $1?<\/title>\n<meta name=\"description\" content=\"Cardano is sinking deeper into support after a rejection at $0.50 and $0.40 with no indication of a rebound in the short term.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/cardano\/is-this-product-likely-to-bring-cardano-back-to-1-charles-hoskinson-speaks-out\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is This Product Likely to Bring Cardano (ADA) Back to $1?\" \/>\n<meta property=\"og:description\" content=\"Cardano is sinking deeper into support after a rejection at $0.50 and $0.40 with no indication of a rebound in the short term.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/cardano\/is-this-product-likely-to-bring-cardano-back-to-1-charles-hoskinson-speaks-out\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-25T18:00:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-25T14:54:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/Cardano-4.png\" \/>\n\t<meta property=\"og:image:width\" content=\"903\" \/>\n\t<meta property=\"og:image:height\" content=\"599\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Reynaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@rl_m\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Reynaldo Marquez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/cardano\/is-this-product-likely-to-bring-cardano-back-to-1-charles-hoskinson-speaks-out\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/cardano\/is-this-product-likely-to-bring-cardano-back-to-1-charles-hoskinson-speaks-out\/\"},\"author\":{\"name\":\"Reynaldo Marquez\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d\"},\"headline\":\"Is This Product Likely to Bring Cardano Back to $1? 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/wncen.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Is This Product Likely to Bring Cardano Back to $1? 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