The Cardano (ADA) price is $0.77. This means that if Charles Hoskinson’s predictions are met, the cryptocurrency could reach close to $770.
And the optimism of the founders of Cardano Network doesn’t stop there, as its assets are guaranteed, in addition to projecting its prices. They are capable of overcoming Bitcoin performance (BTC).
In this regard, Hoskinson states:
It is important to understand the size of what Hoskinson is growing. If the ADA rises 1,000 times from its current price, its market capitalization will be $27.7 billion.The sign (in English). In other words, According to current prices, the ADA is more valuable than gold. It is highly unlikely (if not impossible) that the ADA will have such a reassessment, at least in the short or medium term.
Meanwhile, the creator of Cardano claims that the network offers more features than Bitcoin, which could potentially become the “performance layer” of his network. This means it is a complementary offering benefits such as staking and decentralized finance applications (defi), which generates a positive halo effect for the ADA.
In that sense, it emphasizes the implementation of Side network that can protect personal data from the commercial sector at midnightmedical and financial services, etc.
“With the midnight launch model, the associated chains bring airdrops to ADA owners almost every year. They then raise cases to maintain the ADA. If so, they can receive the evening token.
That is, if you have an ADA, you will receive other tokens like the night. Of course, this depends on midnight, and the associated tokens achieve the adoption and impact that Hoskinson expects.
In that line, the network founders raise important issues. “ADA is a significantly better investment than BTC.” He then reaffirms his position with direct questions.
This no longer makes it clear It reflects a personal position, not a motto that has consensus in the market.. Moreover, overcoming the most integrated asset yields and strengthening institutional support is a far-reaching challenge to complete.
Bitcoin accounts for 60% of the market domain and is considered by many investors as “digital gold” for its similarity shared with precious metals. It is a decentralized asset and is resistant to censorship.
Additionally, he has the advantage of being the first asset to position himself as a reference, which allowed him to build a reputation that guarantees a solid community and uncontroversial leadership today.
Aside from Hoskinson’s optimism, we need to mention topics that are important for Cardano’s future. What if your own community is used?
Unlike Ethereum and Solana, which already recognize Dapps and high levels of use, Cardano still has not achieved mass adoption, as reported by Cryptootics.
The evidence for this is its low-blocked total value (TVL), with $352 million well below that of Ethereum ($83,412 million) and Solana ($9,754 million).
Cardano continues to develop its infrastructure with a long-term vision, but faces the challenges of adoption for highly tractable networks.
