Ethereum competitor Cardano (ADA) has already had a phenomenal run in 2021. One analyst, however, sees another factor that could push ADA to new all-time highs.

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Charles Hoskinson: “Thousands of assets on Cardano”

On social media, Cardano founder Charles Hoskinson is currently responding to allegations that no one would use or develop their cryptocurrency ADA for it. The background is a prediction by Hoskinson from July 2020: in it, the programmer guarantees that Cardano would host “hundreds of assets”, “thousands of dApps” (decentralized applications) and many “tokens and projects” as well as unique benefits within a year.

Numerous users are currently responding to Hoskinson’s forecast from last year-and point out that the development in the Cardano network is not progressing quite as fast as announced. For example, one user writes that there is “not a single DApp on ADA.”

Hoskinson’s answer:

“There are thousands of assets on Cardano. I guess you weren’t paying attention. Numerous developers learn, train, write. A lot of launch apps.“

What exactly the Cardano founder means by this, however, remains unclear, because he does not provide links or further information about his statement. However, top analyst Nicholas Merten believes that ADA will soon rise to new highs.

Goguen update brings Smart Contracts

In a new video, he names exactly the factor that, in his opinion, will catapult ADA to new all-time highs.

“Must say, this chart looks really good, and it shows me in this general case that in the next couple of weeks to the next two months, that there will be some kind of catalyst that will bring the price higher.“

This catalyst, according to Merten, is the upcoming Goguen update of Cardano. Merten is safe: The major upgrade has the potential to push Cardano to an all – time high-and then explode beyond it. The launch planned for August is the” perfect macro catalyst, ” according to the analyst. He even speaks of a”now or never” moment for Cardano:

“Now it’s finally time to see the materialization of hard work. It’s really now or never in my opinion. Cardano is in the spotlight here. There is a lot at stake, and investors are waiting to see it.“

You can check out his entire Cardano analysis here.

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