- Cardano price is anticipating a bounce from a crucial demand zone ranging from $1.287 to $1.318.
- Charles Hoskinson faced slack on Twitter due to his July 2020 prediction.
- A successful bounce around the support area could propel ADA through immediate resistance levels to tag $1.61.
Cardano price has been on a pullback that has led to a retest of a crucial demand barrier. If the buyers come to the rescue here, ADA will likely propel and embark on a massive upswing.
Predictions gone awry
Charles Hoskinson, the founder of Cardano, has found himself the target of a flurry of attacks on Twitter due to his July 27, 2020 prediction.
In his prediction, Hoskinson mentioned that Cardano blockchain would harbor “hundreds of assets running on Cardano, thousands of DApps, tons of interesting projects and lots of unique use and utility.”
While Cardano has made sufficient progress over the months with its Shelley update, rolling out smart contracts functionality, native asset capabilities, and so on, the interaction with the blockchain has remained relatively low. To be precise, it will take Cardano a few more months to make progress on that front.
However, Twitter users were not as understanding.
Anthony Sassano, a well-known Ethereum supporter, sarcastically added, “Truly revolutionary technology – you are a visionary Charles.”
A Twitter user going by the screen name “Undervalued Cryptos” tweeted,
Ok, so @IOHK_Charles predicted this a year back.
Update:
No asset on $ADA, forget 1000s of DApps not a single dapp on $ADA, only 1-2 projects announced working on $ADA@IOHK_Charles what happened to your predictions? What's the prediction for next 1 year now? https://t.co/qreMVlOX1i— Undervalued Cryptos (@altcoin_bets) July 4, 2021
