Hoskinson on ADA vs. BTC: “Why Make Less Money?”
Main Idea
Charles Hoskinson predicts Cardano (ADA) could see a 100x or 1000x price increase, contrasting with Bitcoin's potential 10x gain, and highlights Cardano's growth potential through DeFi and sidechain integrations.
Key Points
1. Hoskinson forecasts ADA could rally 100x or 1000x, while BTC may only achieve a 10x increase, citing Cardano's smaller market cap ($29.1B) compared to Bitcoin's ($2.3T).
2. A 100x ADA rally would give it a $2.9T market cap, while a 10x BTC rise would push its valuation to $23T.
3. Cardano is developing sidechains like Milkomeda to bridge ADA with other chains (e.g., BTC, Solana, Algorand) and grow as Bitcoin's yield layer via BTC DeFi.
4. Cardano's TVL is $360M, with a $32M stablecoin market cap, but it trails competitors like Solana and Tron.
5. ADA's price shows bullish momentum, breaking a falling logarithmic trend and eyeing a retest of its 2021 all-time high.
Description
Hoskinson’s bet on Cardano price rallying at least 100x means a market cap of over $2.9 trillion. The Cardano network has lagged in DeFi growth compared to its top competitors like Solana and Tron. The ADA/USD pair has signaled bullish sentiment following the recent rebound from 52 cents. Cardano founder Charles Hoskinson has issued a bold new price prediction for both his native token, ADA, and the market leader, Bitcoin (BTC). In a recent interview, Hoskinson stated that ADA might record a 100...
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