Cardano’s Hoskinson Makes Bold Forecast: Here Are Key Targets for ADA

Key Points

1. Charles Hoskinson jokingly predicts Ethereum co-founder Vitalik Buterin will retire after Cardano 'flips' ETH in market cap, but emphasizes his serious intent to compete with other Layer 1 chains.

2. The Midnight upgrade, set to launch by the end of the year, will introduce the NIGHT token and focus on privacy-focused applications like healthcare data, leveraging Cardano's mainnet.

3. The ADA/BTC trading pair shows signs of a rebound, with increasing speculation about a spot altcoin ETF approval in the U.S., supported by filings from firms like Grayscale and Tuttle Capital.

4. Technical analysis suggests ADA could reach its all-time high if it breaks the $1.18 resistance, with the weekly MACD indicator supporting a bullish outlook.

5. Midnight's testnet has been in development since 2024, with partnerships like Zoniqx aiding its progress, and the mainnet launch will include an airdrop of NIGHT tokens.