Cardano Says Age Of Voltaire Is Close, Community Remains Bullish On ADA

Cardano Founder Says Age Of Voltaire Is Close, Community Remains Bullish On ADA

Cardano has just finished another important upgrade, and things have been running smoothly since then. As has always been the case with the network, there is always work going on to improve the performance and overall experience of users in the ecosystem. Since Vasil has been working as intended, Cardano founder Charles Hoskinson has released a teaser for the next phase of the network.

The Age Of Voltaire

Like always, Charles Hoskinson took to Twitter to give the community an update on what it to come. This time around, the Cardano founder explained that the network was entering a new era. The “Age of Voltaire,” as he calls it, looks to be a way to further the decentralization of the network.

Hoskinson’s tweet pointed to this new era being one that is targeted toward the builders and users of the network. He explains that Cardano intends to improve decentralized governance in a way that ‘shows’ the rest of the space how to do it right.

“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,” the tweet read. “It will also, once again, show the rest of the industry how to do decentralized governance just like we did with Staking.”

ADA falls to $0.43 | Source: ADAUSD on TradingView.com

As always, this new era for Cardano takes its name from another prominent figure in history. Voltaire is the pen name of François-Marie Arouet, a French Enlightenment writer, philosopher, and historian.

Cardano Investors Are Bullish

It seems Cardano users are just as bullish on the network as the founder. The “Price Estimates” feature on Coinmarketcap is one that is being utilized heavily by the Cardano community, who have taken to the platform to give their price predictions for the digital asset.

The average of more than 10,000 votes showed that users expect the price of ADA to rise more than 37% in the next month. This puts their estimated price for the digital asset at $0.5785 at the end of the month of October.

Even with the poor performance of ADA in the market in the last week, it has not shaken the bullish sentiment among users. However, with ADA’s price trending below its 20-day moving averages, the selling pressure has been mounting on the digital asset.

ADA is currently trading at $0.43 at the time of this writing. It remains the 8th-largest cryptocurrency with a market cap of $14.75 billion.

Featured image from CryptoSlate, chart from TradingView.com