ADA Mostly Steady After Former OpenAI CEO Invitation
Cardano (ADA) added 0.5% to $0.3830 since the beginning of the week. Token prices surged higher to test the resistance at $0.4000, but failed. There reason of the rise was the invitation extended by Cardano founder Charles Hoskinson to Sam Altman, the recently ousted CEO of OpenAI, for a potential collaboration.
Hoskinson suggested working on the idea of a decentralized large language model (LLM). This invitation looked rather as a psychological support of Altman in times of a turmoil in Open AI and a potential return his return to the firm. ADA prices spiked by 5.0% on the news and quickly rolled back. So, the story is unlikely to have any continuation that could affect token prices. Something stronger is needed to push prices out of the range trading within $0.3500-0.4000.
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