Several crypto news outlets are reporting that something big is happening in the near future between Cardano (ADA) and Elon Musk. Here is a Twitter post where Charles Hoskinson hints at something major!
You only get to pull that card once. I'm saving it for something big
— Charles Hoskinson (@IOHK_Charles) June 1, 2024
What could be happening? Is it possible that Charles is working with Elon to build a decentralized Twitter? Or could this involve SpaceX or Tesla? Why isnβt the price of ADA moving on this news?
What are your thoughts?
I’m not even sure if the Cardano network could support any big project. The most basic transactions take forever compared to other networks Iβve used. Sure, some wallet-to-wallet transactions might take 30 seconds or less, but I’ve waited for some transactions to take 2-5 minutes for the first confirmation. There are so many other networks that are more efficient.
Given these issues, it’s hard to see how Cardano could handle the demands of a large-scale partnership with SpaceX or Tesla. The hype around ADA feels more like a distraction from its current limitations. Let’s stay realistic about its capabilities and not get swept up by unproven claims.
Yes, there was speculation back in April about a potential partnership between Cardano and SpaceX. Supposedly, there were some intriguing links connecting Cardano to SpaceX, and now Charles Hoskinson is hinting at something major. If this partnership turns out to be true, it could catapult the price of ADA to $5 within days of any announcement.
Imagine the possibilities: Cardanoβs blockchain technology integrated with SpaceX’s ambitious space projects or Tesla’s innovative ventures. This could be a game-changer for ADA, potentially bringing blockchain technology to new heightsβliterally and figuratively. Itβs exciting to think about how this collaboration could shape the future of both industries.
No, there has been way too much speculation and virtually none of the hype has ever come true. This is just marketing, influencers trying to drive the price up for whales to dump their tokens on gullible investors. Welcome to the world of crypto.
Every few months, we hear about some grand potential partnership, but it never materializes. The rumors about Cardano and SpaceX are likely just another round of baseless speculation. Don’t get caught up in the excitement without solid proof. Itβs important to stay cautious and not let these unverified claims cloud your judgment. Letβs wait for real, tangible news before getting too excited.