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.
Buy ADA on eToro now
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.
This time next year I predict there will be hundreds of assets running on Cardano, thousands of dApps, tons of interesting projects and lots of unique use and utility. 2021 is going to be so much fun watching Cardano grow and evolve. The community is definitely ready to innovate
– Charles Hoskinson (@IOHK_Charles) September 26, 2019
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.“
There are thousands of assets on Cardano. I guess you haven’t been paying attention. Tons of devs learning, training, writing. Lots of launch apps.
– Charles Hoskinson (@IOHK_Charles) July 4, 2021
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.
Buy ADA on eToro now
Top Brokers for buying and trading cryptocurrencies
- Buy Real Bitcoin or Bitcoin CFDs
- Wallet and Exchange in one
- 14 + Cryptos
- EU regulated
- Over 40 cryptos on offer
- Fees rather in the midfield
Cryptocurrencies are a highly volatile, unregulated investment product. Your capital is at risk.
