Cardano founder Charles Hoskinson has once again stirred up excitement, this time linking ADA’s long-term growth to the upcoming Midnight Glacier Drop and a bold push into Bitcoin-based decentralized finance.
Speaking in a recent interview, Hoskinson suggested that Cardano is positioning itself as a serious yield layer for Bitcoin — a move he believes could radically alter the network’s valuation.
He claimed that Midnight’s launch mechanism would bring recurring airdrops to ADA holders, making Cardano even more attractive to long-term investors and partner chains.
While Bitcoin bulls often float the idea of a $1 million target, Hoskinson argued that ADA could deliver outsized returns. “A 10x for Bitcoin is possible,” he noted, “but ADA has the potential for 100x or even 1,000x gains.”
His optimism stands despite recent price turbulence. ADA is currently trading at $0.79 after a 9% drop over the past week, with a market cap of $28 billion. Still, community sentiment remains high, especially with August’s Midnight Drop timeline announcement and the upcoming ADA audit report both expected to generate momentum.
If Cardano’s DeFi ambitions gain traction and Midnight delivers as planned, Hoskinson’s wild predictions might not seem so far-fetched.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/cardano-could-outshine-bitcoin-with-massive-returns-says-charles-hoskinson/