Hoskinson’s Bold Claims Spark Market Buzz
Cardano (ADA) is making waves again. Charles Hoskinson, its founder, recently criticized Ethereum and Solana. In a lengthy YouTube interview, he highlighted Cardano’s key advantage: Bitcoin integration. Hoskinson called this a “$2 trillion opportunity” and said, “We aim to be the DeFi layer of the Bitcoin network.”
This integration follows Cardano’s partnership with BitcoinOS, expected to launch in the coming months. While other blockchains explore Bitcoin layers, Cardano hopes to lead the pack.
Ethereum and Solana Face Sharp Criticism
Hoskinson didn’t hold back. He accused Ethereum of relying too heavily on layer-2 (L2) solutions like Arbitrum, Base, and Optimism. These networks handle billions in transactions but, according to him, dilute Ethereum’s core appeal.
Solana wasn’t spared either. Hoskinson questioned its ability to handle surges in network data, hinting at possible scalability issues. His remarks come just before a highly anticipated “VIP meeting,” rumored to involve Elon Musk.
ADA Price Analysis: Is a 70% Jump Possible?
ADA is currently trading at $0.80, down 40% from its December high of $1.32. Despite this dip, technical indicators suggest a rebound is near. ADA remains above the 50-week moving average, showing bulls still hold some control.
The coin recently completed the second phase of the Elliot Wave pattern—a typically bullish setup. If the third wave unfolds as expected, ADA could rally toward its previous high of $1.32, marking a potential 70% increase.
Final Thoughts
Hoskinson’s bold statements have reignited interest in Cardano. With Bitcoin integration on the horizon and strong technical signals, ADA’s future looks promising. Traders and investors will be watching closely, especially with potential news from Hoskinson’s upcoming meeting.
