Cardano’s [ADA] price reacts this way as Voltaire hint airs
Late in September, Cardano [ADA] released the Vasil hardfork. Positive feelings persisted after the fork, as the network continued to function normally.
Now, Cardano’s founder, Charles Hoskinson, on 3 October intimated that the next phase, the age of Voltaire, was on the horizon now that Vasil has been functioning as planned.
<p lang=«en» dir=«ltr» xml:lang=«en»>The Age of Voltaire will soon be upon us as an ecosystem. It's going to unlock the power of the millions of Cardano users and builders. It will also, once again, show the rest of the industry how to do decentralized governance just like we did with Staking. pic.twitter.com/HO8PgA5J2G— Charles Hoskinson (@IOHK_Charles) October 3, 2022
According to Hoskinson’s tweet, this new era was geared toward the users and builders of the network. He argued that Cardano’s goal was to enhance decentralized governance in a way that would serve as an example to the rest of the industry.
Furthermore, according to the roadmap of this stage, a voting and treasury system would be introduced. Cardano would be fully decentralized and free from Input Output’s control once a voting mechanism and a treasury system are implemented. As a result, the destiny of Cardano would squarely remain in the hands of its users.
The tweet generated a good price movement as ADA observed more buy volume and closed in the green zone as of 3 October. At the end of the day, ADA’s price was $0.4276, up from its 3 October opening price of $0.4195, a gain of about 2%.
At the time of writing, ADA was still trading at $0.43, with the volume indicator indicating more buying pressure.
Source: TradingView
On the daily timeframe, the trend line showed a downward trend in the price of ADA in the last few weeks. Despite the
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