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Huskinson announces the quantum timeline for Cardano
Huskinson spoke in an interview discussing the fate of Bitcoin with the emergence of quantum computing, saying: "It seems that Bitcoin is not well prepared for this event, while Cardano is getting ready for it."
He mentioned some of the most quantum-ready altcoins, which are Algorand, Ethereum, and Cardano. Regarding Cardano, Huskinson says there are many features being worked on over the next 24 to 48 months.
He also stated that by the end of the decade, all efforts will be "perfectly interconnected." This means that by 2030, Cardano could be resistant to the threat of quantum computing, and its price will benefit from that.
Even better, working to prevent Cardano from being compromised by quantum computing is not the only thing Cardano developers are working on. The Leios system upgrade is coming inevitably. Previously, CoinGape reported that Cardano aims to reach 27 million transactions per month by 2030.
This proactive approach by Huskinson in addressing the threat affecting ongoing discussions about cryptocurrencies is positive for Cardano's long-term price outlook. But where will the price head in the short term?
The price of Cardano is trending upward by 25% as it tests the 50-day simple moving average resistance level.
Cardano has not yet entered the danger zone, and network updates alone will not be enough to attract buyers.
Looking at the RSI indicator, it’s clear that buyers have not dominated the market since mid-March. The indicator reached 46, indicating seller control.
The 50-day simple moving average line explains why. Since mid-March, Cardano’s price has failed to break above this barrier, which is now considered a resistance level.
If it manages to break through, that would be a turning point for ADA’s price.
What makes this level more significant is that it also coincides with the 61.8% Fibonacci level.
If ADA’s price can surpass $0.25, this could be the start of a strong rally.
The price could reach $0.28, and if buyers maintain control, it might rise to the 200-day simple moving average at $0.31.