- Cardano’s Founder, Charles Hoskinson, is certain ADA will outperform BTC.
- In detail, Hoskinson says ADA expected to outperform BTC by 100x to 1000x.
- The price of ADA could outperform BTC not just this cycle but also for the long term.
The crypto community is keeping a close eye on all promising altcoins as they prepare to hit new ATHs in the coming altseason peak phase. One of the most bullish altcoins for this bull cycle is Cardano’s ADA. The Cardano Founder has made many bullish statements in favor of Cardano, the most recent includes Charles Hoskinson saying ADA expected to outperform BTC by 100x to 1000x.
ADA Expected to Outperform BTC by 100x to 1000x
As the altseason peak phase approaches, expectations for several altcoins to make extraordinary price pumps and parabolic leaps towards cycle top prices grow stronger. So far, analysts are waiting for the price of Ethereum (ETH), the pioneer altcoin asset, to hit new ATH prices, as many believe that the altseason peak phase will only arrive once ETH sets a new ATH price.
Presently, the price of ETH is on its way to retake the $4,000 price range, having just pushed past the $3,900 price target. ETH’s previous ATH price was set in the $4,800 price region, and is expected to hit much higher ATH targets with predictions taking the ETH ATHs price as far as $15,000 and perhaps even higher in altseason. At the same time, legacy altcoins are working their way towards their previous ATH targets as well, following ETH lead.
Just like ETH, legacy altcoins like Cardano’s ADA, Ripple’s XRP, and plenty more have pumped but have not yet reclaimed their previous ATH prices. Yet, XRP and ADA remain some of the most bullish legacy altcoins to flourish and hit tremendously high new ATH prices. In particular, the price of XRP is a lot closer to its previous ATH than than the price of Cardano’s ADA.
To highlight, Cardano’s progress has been a lot slower than the rest of the crypto market. This is because its Founder, Charles Hoskinson, took his time not to compromise on his mission of building the ultimate interoperable, secure, fast, capable, and only truly decentralized blockchain in the crypto space. Cardano has come a long way since the last bull cycle, and analysts are eagerly waiting to see its success reflect on its native token ADA.
Charles Hoskinson Believes ADA’s Utility is Unmatched
As we can see from the post above, Hoskinson is highly confident that ADA will outperform BTC. In the video, he states that Bitcoin hitting $1 million would just mean a 10x pump for BTC holders. Meanwhile, ADA has the ability to 100x or 1000x due to its unmatched utility and ecosystem growth. Hoskinson also adds how the Midnight sidechain will bring greater success to ADA holders and how yearly airdrops will bring more wealth to ADA holders in the long run.
