NEWSLETTER
Cardano was in a narrow range at a crucial support level after Charles Hoskinson presented a case for the network and his token.
Cardano (ADA) was quoted at $ 0.80, in more than 40% from its highest level in December last year.
The currency hesitated after Hoskinson, its founder, criticized ethereum and Solana in a long YouTube interview. In him, he pointed out that his biggest differentiating factor was that he was working to integrate with bitcoin, a movement that he believes is an unexplored opportunity of $ 2 billion. He saying:
“Someone is going to break it. We will work on it, since our goal is to be decentralized financing or the defi layer of the bitcoin network. I don't think ethereum (eth) and Solana (Sun) have what is necessary to achieve this. ”
Hoskinson's interview took place a few months after Cardano announced an association with Bitcoinos. This integration is expected to be activated in the coming months.
Cardano is not the first block chain to create a bitcoin layer. Core, a layer 2 for the bitcoin ecosystem, has attracted 53 developers and a total locked value of $ 626 million. Stacks (STX) has 12 DAPPs and $ 104 million in assets.
Hoskinson also criticized ethereum for promoting layer 2 networks, which have taken their users. L2 networks such as the base, referee and optimism have become key actors in the ethereum Network, handling transactions worth bills. These L2 networks are popular due to their lowest transaction rates and to the fact that they take advantage of ethereum's security.
He also criticized Solana, a very popular Cardano competitor, arguing that he cannot survive, especially when the data moved on their increases in the ecosystem.
Hoskinson's interview occurred a week before his so -called VIP meeting. Cryptographic analysts anticipate that it will be x owner Elon Musk.
Cardano pricing forecast
<img loading="lazy" decoding="async" width="3550" height="1974" src="https://crypto.news/app/uploads/2025/02/Cardano-Price-2.png” alt=”Cardano price”/>
The weekly graph shows that the price of ADA reached a maximum of $ 1.32 in November last year and then retired. Its upper side was a crucial level since it coincided with the 38.2%fibonacci setback level.
Cardano then retired to $ 0.524 as he moved to form the second phase of the Elliot wave pattern. This phase is generally followed by the third, which is generally bullish and the longest.
Cardano remains above the 50 -week mobile average, a sign that bulls have control. Therefore, the currency will probably recover as the Bulls point the maximum of $ 1.32 of last year, 70% more than the current level.
