Earlier this week, Cardano’s ADA cryptocurrency surged north becoming the third-largest cryptocurrency by market cap. Today, ADA has surged to hit its new all-time high gaining another 15%. At press time, Cardano’s ADA is trading at a price of $2.45 and a market cap of $77.69 billion.
This has helped ADA emerge as the top trending cryptocurrency in the market. As on-chain data provider Santiment notes:
Cardano just scraped within a single cent of its $2.46 #AllTimeHigh, seeing resistance as it reached the $2.45 just 15 minutes ago. Regardless, the +15% price pump is a welcome sight, & enough to propel it to being the top asset on Emerging Trends.
Charles Hoskinson: Cardano Will Touch $150 By Year-End
In a massive revelation during his recent interview, Cardano founder Charles Hoskinson said that he expects the ADA price to touch $150 levels by the year-end. This is a massive prediction coming from the founder which means nearly 60 x gains from the current levels.
On the other hand, Hoskinson said that he doesn’t see any value in Bitcoin for the future. In a major prediction, he also predicted the Bitcoin (BTC) could eventually die as it doesn’t have an innovative value and as per him, the Bitcoin blockchain has no good utility.
Cardano’s ADA has been recently shooting to the north over the successful implementation of the Alonzo Purple Testnet. The Alonzo hardfork will bring smart contract utility to the Cardano blockchain.
As a result, many analysts think that it will help to exponentially increase the utility of the Cardano blockchain. Besides, it will substantially eat into the market share of Ethereum.
Since the beginning of 2021, Cardano’s ADA has already surged ~14x or 1300% so far. This massive prediction coming from the Cardano founder can literally blow it up to surpassing its arch-rival Ethereum. Will be interesting to see how the market moves further.