Cardano Price Prediction: Hoskinson Says ADA Can Outperform Bitcoin – Analyst Says Breakout Coming Soon
Main Idea
Charles Hoskinson believes Cardano (ADA) has greater growth potential than Bitcoin, citing its focus on real-world assets (RWA) and potential for significant price appreciation, while analysts predict a short-term correction before a possible breakout to $1.1.
Key Points
1. Cardano (ADA) has declined by 11.1% in the past week after a rally above $0.80, with selling pressure noted at $0.90.
2. Charles Hoskinson argues ADA could outperform Bitcoin, with potential gains of 100X or 1000X due to its real-world asset (RWA) focus and broader utility compared to Bitcoin.
3. Technical analysis suggests ADA may drop to $0.72 or $0.65 before resuming an upward trend, with $1.1 as a potential next target if it holds above $0.615.
4. CoinFutures is highlighted as a platform offering 1000X leverage and auto-trading features for ADA futures trading.
5. Hoskinson emphasizes Cardano's technological advantages over Bitcoin, stating it 'does substantially more' than the Bitcoin network.
Description
Cardano (ADA) has gone down by 11.1% in the past 7 days as the latest rally that pushed this token above $0.80 has taken a breather. However, the latest comments from this project’s founder support a bullish Cardano price prediction. In an interview with the founder of Blockworks Research, Jason Yanowitz, Charles Hoskinson pointed out why ADA is right now a better investment than Bitcoin (BTC). Really enjoyed this conversation with @IOHK_Charles We covered a lot: politics, psychedelics, his biso...
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