- 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 100x or even 1000x gain, whereas Bitcoin’s price may only see a 10x increase in the near future.
Hoskinson was responding to a question about why the Cardano treasury did not convert its ADA holdings to Bitcoin. He argued that Bitcoin’s massive $2.3 trillion valuation is a hindrance to its potential for high-percentage gains when compared to Cardano’s much smaller $29.1 billion market cap.
“Oh sure, let’s sell ADA for Bitcoin. So we can make less money,” Hoskinson noted sarcastically. For context, a 100x for Cardano would give it a market cap of $2.9 trillion, while a 10x for Bitcoin would push its valuation to $23 trillion.
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Source: https://coinedition.com/charles-hoskinson-predicts-100x-price-gain-cardano-ada/