Charles Hoskinson Estimates $150 by 2021 as Cardano (ADA) Skyrockets

Last week, with a phenomenal surge in market cap Cardano’s ADA became the third biggest cryptocurrency after Bitcoin (BTC) and Ethereum (ETH).

ADA skyrocketed today by reaching a market cap of $77.69 billion and is currently trading at $2.48, thus incurring an extra increase of 15%.

With the recent surges, ADA has definitely become a popular cryptocurrency in the crypto market.

 According to Forbes, Cardano’s ADA is becoming the top emerging digital currency due to the all-time-high surge.

Charles Hoskinson, the founder of Cardano, recently revealed that he predicts a $150 trading value of ADA by the end of 2021, which translates to a 60x gain compared to ADA’s value at present.

Hoskinson also declared that he does not put much stock in the utility of the Bitcoin (BTC) blockchain due to lack of innovation value, and this would lead to its eventual downfall.

With the Alonzo testnet being successfully implemented, we still have to look forward to the Alonzo hardfork and smart contracts by September 12.

Analysts argue that this development will positively impact the Cardano blockchain and with the recent predictions from Hoskinson, another spectacular surge might just be on the horizon.

Also read: Brian Quintenz Will Supposedly Leave the CFTC by the End of the Month

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