Cardano founder Charles Hoskinson has made one of the most ambitious predictions yet for ADA, stating that the token could surge to between $80 and $800.
Unlike Bitcoin, which is widely regarded as a store of value, Cardano offers real-world functionality. Hoskinson emphasized that ADA holders already benefit from staking rewards and ecosystem token incentives, something Bitcoin lacks in its passive holding model.
“Cardano does substantially more and will end up being the yield layer of Bitcoin DeFi,” he noted, adding that ADA could grow by 100x or even 1000x in the coming years.
That trend began to reverse in June, when ADA gained nearly 30% more than BTC. Still, on a long-term scale since 2021, ADA remains 88% down against Bitcoin.
Market dynamics show mixed sentiment. Short-term metrics like the spot taker CVD reveal increased selling pressure. However, ADA’s realized cap recently climbed from $23.4B to $23.6B, indicating renewed investor confidence despite market turbulence.
If ADA becomes the bridge between Bitcoin and decentralized finance, it could benefit from greater adoption, transaction volume, and long-term demand.
However, success will depend on cross-chain infrastructure, developer support, and regulatory clarity. If executed well, this move could solidify ADA’s place as a high-yield, utility-rich asset, potentially outperforming Bitcoin in functionality and returns.
Cover image from Unsplash, chart from Tradingview
