---
title: "Massive Partnership for Cardano (ADA) Proposed by Charles Hoskinson"
url: https://diffcoin.com/massive-partnership-for-cardano-ada-proposed-by-charles-hoskinson/
description: "Charles Hoskinson urged Kraken to join hands with Cardano in its efforts to introduce a layer-2 blockchain network."
published: 2023-11-13
updated: 2023-11-13
author: "Mila"
site: "Diffcoin"
---

# Massive Partnership for Cardano (ADA) Proposed by Charles Hoskinson

**TL;DR**

- **Potential Cardano-Kraken Partnership**: Charles Hoskinson of Cardano proposed a collaboration with Kraken to develop a layer-2 blockchain network.
- **Coinbase’s Layer-2 Network**: Coinbase has launched Base, its layer-2 network for decentralized app development.
- **ADA’s Price Outlook**: ADA’s price has recently approached $0.40, with predictions suggesting a rise to between $10 and $30 by the end of 2024, influenced by global market trends.

## Cardano’s Potential Partnership

The founder of Cardano – Charles Hoskinson – recently took it to X (Twitter) to offer a potential collaboration between his organization and the cryptocurrency exchange Kraken. Specifically, he wants the two entities to build a mutual layer-2 blockchain network.

> I’m game if you are https://t.co/Zryh679fMl[@jespow](https://twitter.com/jespow?ref_src=twsrc%5Etfw) PM me
> 
> — Charles Hoskinson (@IOHK_Charles) [November 12, 2023](https://twitter.com/IOHK_Charles/status/1723672223213670720?ref_src=twsrc%5Etfw)

Hoskinson’s comments came a few days after Kraken displayed its intentions to work with leading companies to establish its own L2 solution.

One cryptocurrency exchange that has already launched such a network is Coinbase. Dubbed Base, it enables developers to build decentralized applications (dApps) with access to the platform’s verified users and assets.

## Is ADA Poised for a Rally?

Cardano’s native token – ADA – has been among the best-performing cryptocurrencies lately, reaching nearly $0.40 (per CoinGecko’s data) last week. Moreover, some analysts believe the uptrend could continue in the following years.

The one using the X handle – Ali – thinks ADA might skyrocket to almost $10 by the end of 2024. Lucid was even more bullish, claiming the token’s price could explode to the astonishing $30. They based the forecast on the assumption that global could act as a catalyst for the cryptocurrency market and push its capitalization to $10 trillion within the decade.

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[Source link](https://cryptopotato.com/massive-update-for-cardano-ada-proposed-by-charles-hoskinson/)