Wednesday, June 19, 2024
HomeCryptocurrencyCharles Hoskinson Reacts To Prediction About Cardano (ADA) Dropping From Top 10

Charles Hoskinson Reacts To Prediction About Cardano (ADA) Dropping From Top 10

Crypto commentator Eric Wall has ignited a firestorm within the Cardano community with a bold and scary prediction of ADA’s exit from the top 10 digital assets by year’s end.

This forecast shared on X, sent shockwaves through the Cardano faithful, particularly due to Wall’s established reputation for insightful cryptocurrency commentary.

Read Also: Charles Hoskinson Shares Major Updates on Cardano (ADA) Innovations and Progress

Adding fuel to the flames, Wall suggested that Polygon (MATIC) would usurp ADA’s position, further amplifying the community’s fear and uncertainty. Despite predictions of massive surges of up to 2000% for Cardano, Wall believes 2024 will not be ADA’s year.

To fight this, past inaccuracies in Wall’s predictions regarding late 2021 and early 2023 were dug up, leading Cardano loyalists to express their doubts openly. This is not the first time Wall has shared negative predictions for Cardano but the digital asset has defied him at every turn.

Charles Hoskinson Weighs In

Cardano founder Charles Hoskinson responded with a sarcastic GIF showing the caption, “Well… we’re waiting!”

Cardano (ADA) remains firmly in eighth place on CoinMarketCap, boasting a market cap of $18.4 billion. ADA is trading at $0.5222, with a strong 7.36% surge over the last 24 hours and no signs of slowing down.

Next to Cardano (ADA) on the crypto ranking log is Avalanche (AVAX), with $12.8 billion in market capitalization.

Hoskinson, who already predicted a remarkable 2024 for Cardano, has always been a strong defender of his cryptocurrency, and the community is firmly behind him.

A Glimpse into Wall’s 2024 Predictions

Wall’s predictions extend far beyond Cardano, encompassing a diverse range of crypto developments for 2024. Notably, he anticipates Bitcoin reaching a new all-time high, a potential bottom for the ETH/BTC ratio, and he believes the community will get another chance to buy BTC below $35,000.

However, Wall also foresees challenges for Bitcoin maximalists. He anticipates ongoing struggles in censoring Ordinals and the initiation of a new soft fork activation process. Most intriguingly, he speculates on the highly improbable scenario of a Bitcoin halving block reorganization due to Miner Extractable Value (MEV) issues.


Read Also: Charles Hoskinson: Our Challenge Is For Cardano (ADA) to Become Biggest Crypto

Will Cardano (ADA) Decline in 2024?

Despite some uncertainty caused by recent whale activity, Cardano (ADA) seems to be performing fine. With the 2024 Bitcoin halving around the corner, all signs point to a good year for the digital asset, despite Wall’s bearish predictions. It has surged 14.4% over the past seven days, and although it has not reclaimed the $0.62 level it began the year with, it is inching closer.

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Tobi Loba
Tobi Loba
Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.

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