Cardano’s Founder Foresees Cardano Surpassing Bitcoin’s Stability with Rapid Growth
Charles Hoskinson, the founder of Cardano, recently delivered a presentation outlining the potential of Cardano to surpass Bitcoin in a YouTube video. He attributed this claim to Cardano’s flexibility, decentralized nature, and effective governance, comparing its adaptability to the inflexibility of companies like BlackBerry. Emphasizing the importance of adaptability for long-term relevance, he also discussed Bitcoin’s primary value proposition lying in its size and success, suggesting that another “digital gold” could potentially replace it.
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Unveiling Flexibility
Highlighting flexibility and governance as key differentiators, Hoskinson emphasized Cardano’s ability to integrate new technology and adapt to changing competitive landscapes, underlining the significance of good governance for long-term success. He gave examples from the tech industry where poor governance led to market share loss for companies like Microsoft. Hoskinson believes that Cardano’s approach empowers individuals and communities to develop and launch new projects, fostering a thriving ecosystem.
Cardano Consistency and Future Optimisms
Addressing skepticism surrounding the project, Hoskinson reaffirmed the resilience of Cardano in the face of fear, uncertainty, and doubt (FUD), noting the disparity between Cardano’s actual progress and its portrayal by crypto influencers and the media. He also highlighted the upcoming Chang hard fork as a major milestone for Cardano, introducing a new era of governance after extensive testing and community participation. The Cardano community is experiencing substantial growth in decentralized applications (dApps), indicating increasing traction among developers and users.
Market As it Stands
As for the market, Cardano (ADA) is currently trading at $0.4128, reflecting a 0.32% gain over the past day. It has a 24-hour trading volume of $185,782,743 and a market cap of $14.6 billion, positioning it as the 10th largest crypto asset. In comparison, Bitcoin (BTC) is priced at $66,452.76, showing a 0.43% increase in the last 24 hours and a -4.61% decline over the past week. BTC currently has a 24-hour trading volume of $14,426,845,233.53 and a market cap of $1,310,007,732,209.
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Meet Daniel Abang: Crypto guru, content creator, and analyst. With a deep understanding of blockchain, he simplifies complex concepts, guiding audiences through the ever-changing crypto landscape. Trusted for his insightful analysis, Daniel is the go-to source for staying informed and empowered in the world of cryptocurrency.
