- Cardano’s price is testing a crucial support level of $0.7620, with a potential breakout above $1.00.
- Hoskinson revealed technical talks with Ripple, exploring integration for Cardano’s Midnight sidechain.
- Cardano is focused on security while exploring Bitcoin integration, with a goal to unveil a robust BTC-ADA bridge by 2025.
Cardano (ADA) is nearing an important technical juncture as its price approaches the $0.7620 support level. This marks a critical test of its stability, with many watching closely to see if it can hold and reverse upward. If successful, a breakout past the $1.00 resistance could set the stage for a rally toward $1.45. Traders are watching for confirmation of this price action, which could signal the start of a bullish momentum.
Cardano’s Hoskinson Talks Ripple and Chainlink Integrations
During a livestream on December 26, Cardano founder Charles Hoskinson updated the status of a number of key projects, including possible partnerships with Ripple and Chainlink. He said discussions with Ripple, though still in “early days,” are focused on integrating Ripple’s infrastructure into the network’s privacy-centric Midnight sidechain.
Speaking specifically to the technical synergy that could exist between the two, Hoskinson was keen to highlight how the network’s smart contract language, Marlowe, could add to Ripple’s ecosystem. He further added that a formal partnership takes time, but the discussions on a technical level have been great.
On Chainlink, Hoskinson recalled that in 2021, there were talks to onboard the Oracle service onto Cardano. Exciting then, but ultimately, nothing came out of it. According to Hoskinson, no technical obstacles were found, but something just went wrong behind closed doors. He iterated that Cardano remains committed to seeking Oracle solutions with Chainlink and other alternatives like Charlie3 and Flare.
Bitcoin Integration Takes Priority
One of the ambitious announcements from Hoskinson was plans to onboard Bitcoin into the Cardano ecosystem. During a keynote in which he spoke about cross-chain protocol vulnerabilities, he said the approach would more be for security as done by Cardano.
This aims to ensure a secure BTC-ADA bridge that cannot be hacked, a factor that has brought several cross-chain projects to their knees. Hoskinson made it clear that this integration is not going to be rushed.
He addressed that he would demonstrate a robust, cryptographically sound design before May 2025 at the Bitcoin conference and underlined that any integration should be well-tested, since catastrophic failures would arise.
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