Charles Hoskinson Suggests Cardano ADA Could See Significant Gains If It Becomes Bitcoin’s DeFi Yield Layer
Main Idea
Charles Hoskinson predicts Cardano (ADA) could surge 100x to 1000x by becoming the yield layer for Bitcoin DeFi, potentially reaching $80 to $800, despite mixed performance against Bitcoin in 2025.
Key Points
1. Charles Hoskinson projects ADA could rally between $80 and $800 by becoming Bitcoin's primary DeFi yield layer.
2. ADA has outperformed Bitcoin by 160% in late 2024 but lagged in early 2025, with a 30% rally since June.
3. ADA's market cap reached $30 billion compared to Bitcoin's $15 billion from the same holdings at one point.
4. ADA is consolidating around $0.80 to $0.90, a critical resistance zone, with potential to target $1.00 or $1.15 if support holds.
5. Short-term metrics show selling pressure, with ADA's spot taker cumulative volume delta (CVD) turning negative recently.
Description
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