Cardano (ADA) has fallen short of many investors’ expectations in recent weeks. Unlike numerous other altcoins, ADA is currently in a prolonged downtrend. In the 1-day chart, the price is currently below both the 100 and 200-day moving averages. However, IOG CEO Charles Hoskinson might have given ADA investors hope with a new tweet. The Cardano founder was responding to a Twitter user’s question about when the announcement promised for November would be revealed. Related Reading: Cardano Seen Hitting Over $0.50 By End Of November, This Algorithmic ‘Prophet’ Predicts Hoskinson didn’t mince words, saying, “I’ll announce it at the Edinburgh event.” Another Twitter user questioned whether the long-awaited announcement was about the algorithmic stablecoin Djed. Djed has been under development by IOG and the COTI network for quite some time now. An announcement about it would not justify all the hype, according to the user. Hoskinson, however, disagreed, saying, “Not djed. Been working on it for 4 years”. Not djed. Been working on it for 4 years — Charles Hoskinson (@IOHK_Charles) November 3, 2022 Therefore, it remains to be seen what is behind the mysterious announcement. In this respect, investors should be eagerly awaiting November 18 and 19, when IOG celebrates its Scotfest in Edinburgh. What’s Behind The Mysterious Announcement For Cardano? The event is expected to kic...
