In a recent interview, Cardano (ADA) founder Charles Hoskinson said that Bitcoin (BTC) could potentially cost 10 times, while ADA could potentially cost 100 times or 1000 times. Hoskinson said BTC could reach $1 million, which means 10 times more growth. However, he believes there is much more room for growth for the ADA.
Is Cardano better than Bitcoin?
It’s been several years since the ada. Assets have fallen nearly 78% from an all-time high of $3.09. Bitcoin (BTC) achieved a new peak of $122,838 earlier this month. Meanwhile, the ADA peaked in September 2021, almost four years ago.
Hoskinson’s comment that BTC will hit $1 million is consistent with a bigger forecast of the assets. Many industry experts expect BTC to hit the $1 million mark soon. Binance founder Changpeng Zhao and Ark Invest CEO Catie Wood believe BTC can hit $1 million soon. If Bitcoin (BTC) reaches $1 million, there is a very high chance that Cardano (ADA) and other crypto assets will rise to price levels that they have never seen before. In these circumstances, ADA prices could easily grow 100 times more easily. This means investors will make more money with ADA than with BTC.
It’s highly likely that Bitcoin (BTC) will rise to $1 million, but there is no exact timeline as to when it will happen.
The ADA is currently following the market-wide price dip. The new volatility has crept in some degree of caution. Assets have fallen by 3.9% on the daily chart and 7.6% on the weekly chart. Despite the DIP, data from Coingecko’s Cardano shows that ADA has increased by 11.7% on the 14-day chart, 43.6% from the previous month, and 90.5% since late July 2024.
Cardano (ADA) is currently facing substantial resistance at levels of $0.80 to $0.90. Violating this price range could lead to ADA pushing over $1. Interest rate cuts from the Federal Reserve could also help Ada’s journey to the $1 price. Interest rate cuts could lead to an increase in retail money flowing into the crypto market. Such developments can cause another bullish stage.