Cardano

SaitaRealty

Bitcoin

<p>Crypto firm Cardano is currently battling the SEC over ADA, which is allegedly not a security. But Cardano boss Charles Hoskinson has no doubts about the potential of crypto. He sees it taking over the crypto market to the point of surpassing bitcoin and ether in value!</p> 
<p>In brief:</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1"> 
 </div> 
</div> 
<ul> 
 <li>Charles Hoskinson sees ADA surpassing bitcoin and ether.</li> 
 <li>ADA currently has a market capitalization of $9.16 billion, well behind bitcoin and ether.</li> 
 <li>Cardano intends to improve the governance structures of Bitcoin and Ethereum to achieve his goals.</li> 
</ul> 
<h2 id="ada-the-potential-market-leader-in-crypto">ADA, the potential market leader in crypto?</h2> 
<p>Cardano CEO Charles Hoskinson is optimistic about ADA. The man in charge sees the crypto’s valuation rising to the point of making it the crypto industry’s most important asset.</p> 
<p>“I think Cardano is probably going to become the biggest crypto in the world. I think it’s going to become more than just a crypto. I think it’s going to become the backbone of a new digital nation,” said Charles Hoskinson.</p> 
<p>As a reminder, this leading role in the crypto market is currently assumed by bitcoin (BTC). A crypto which, despite its many setbacks, is currently worth just over $26,000.</p> 
<p>Ether (ETH) assumes this status secondarily. With a price of $1,655. A valuation that far exceeds that of Cardano’s ADA. The latter is currently valued at around $0.26.</p> 
<p>It’s obvious that <a href="https://u.today/cardano-will-become-worlds-biggest-cryptocurerncy-hoskinson-says#:~:text=Cardano%20Will%20Become%20World's%20Biggest%20Cryptocurrency%2C%20Hoskinson%20Says,-Facebook%20Twitter%20Telegram&amp;text=In%20a%20keynote%20address%20at,become%20the%20world's%20largest%20cryptocurrency." target="_blank" rel="noreferrer noopener">Charles Hoskinson is boldly projecting</a> ADA’s prospects. Is the crypto expert dreaming a little too big? He’s allowed to be particularly optimistic about ADA’s future.</p> 
<p>For now, the asset appears to be light years ahead of BTC and ETH. The facts speak for themselves. Ranked eighth among the most relevant cryptos on the market, ADA has a market capitalization of around $9.16 billion.</p> 
<p>That’s peanuts compared to the $506 billion market capitalization of bitcoin (BTC). The Ethereum ETH has a market capitalization of $198 billion. How does Cardano intend to close this gap?</p> 
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <div class="entry-content-asset">
   <div class="social-embed-container">
    <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
     <p lang="en" dir="ltr">Cardano Will Become World's Biggest Cryptocurrency, Hoskinson Says<a href="https://t.co/C6ZSy4ZFG7">https://t.co/C6ZSy4ZFG7</a></p>— 
     <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f43a.png" alt="🐺" class="wp-smiley" style="height: 1em; max-height: 1em;">
     <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f3e1.png" alt="🏡" class="wp-smiley" style="height: 1em; max-height: 1em;">Roaring Fork SaitaRealty 
     <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f3e1.png" alt="🏡" class="wp-smiley" style="height: 1em; max-height: 1em;">
     <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f43a.png" alt="🐺" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
     <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9ac.png" alt="🦬" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@roaringforkland) <a href="https://twitter.com/roaringforkland/status/1695795216576589926?ref_src=twsrc%5Etfw">August 27, 2023</a>
    </blockquote>
    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
   </div>
  </div> 
 </div>
 <figcaption class="wp-element-caption">
  <em>Charles Hoskinson sees ADA becoming the world’s largest cryptocurrency</em>
 </figcaption>
</figure> 
<h2 id="h-cardano-focuses-on-improving-governance-structures">Cardano focuses on improving governance structures</h2> 
<p>In the current circumstances, ADA has a long way to go to pull off a coup against ETH. Let alone BTC. But Charles Hoskinson has a plan. It involves perfecting the governance structures of Bitcoin and Ethereum.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="2"> 
 </div> 
</div> 
<p>According to Cardano’s boss, these structures are obsolete. In his view, they are ill-suited to the current crypto context, where neglect of governance structures can increase vulnerabilities in the long term.</p>

Crypto: Will Cardano’s ADA dethrone bitcoin and ether?

Table of Contents

Cointribune EN

Other articles published on Aug 29, 2023

Jacobi spot Bitcoin ETF classed as ‘environmental investing’ by issuer

Impact Theory’s NFT Settlement With SEC: Attorney’s Three Key Observations

Coinbase Bows to Pressure, Delists 6 Tokens From Exchange

Jump.trade's Tryst With NFTs: Asia's Premier NFT Marketplace for Web3 Gaming

CoinSwitch downsizes customer support amid CoinDCX layoffs

Crypto Asset Manager Grayscale Wins Lawsuit Against the SEC

Join our free newsletter for daily crypto updates!