Cardano founder Charles Hoskinson expressed his agreement with the notion that ADA is the “main character” in the current bull market.
Cardano advocate, known as Nebulor, recently posted on platform X, sharing his opinion that $ADA , the 11th largest cryptocurrency with a market cap of $12.45 billion, currently holds a prominent position in the market. This viewpoint immediately attracted the attention of the Cardano community—some supporters believe ADA has something big on the horizon, while others took the statement with humor. A skeptic even joked that Nebulor might be hallucinating.
Response from the Founder of Cardano
#charleshoskinson , the founder of Cardano, responded to Nebulor's post with a humorous GIF of himself smiling and nodding, expressing his agreement. This reply gained further attention and fueled positive sentiment among Cardano fans.
Recent Developments Supporting Bullish Sentiment for ADA
Hoskinson's response sparked a discussion on recent developments bolstering the bullish outlook on ADA. A significant event was Cardano’s recent partnership with BitcoinOS (BOS), integrating Cardano as a smart contract layer for Bitcoin, thus opening up access to the $1.3 trillion Bitcoin market.
This collaboration will allow DeFi developers direct access to Bitcoin liquidity without intermediaries. The integration employs the BOS Grail bridge with zero-knowledge proofs to secure cross-chain connections.
Cardano community members are enthusiastic about this partnership as it could increase the network’s value and boost ADA’s worth. This integration also enhances Cardano DeFi capabilities and allows projects like Fluid Tokens to utilize Bitcoin assets. The partnership makes Cardano the first layer-1 blockchain to implement BOS technology.
Additionally, Cardano recently completed its largest upgrade, transitioning the network to full community ownership, further strengthening the community's confidence in ADA's future.
ADA Price Performance
However, ADA’s recent price performance has lagged. It is currently trading at $0.3550, reflecting only a 3% increase over the past seven days, while Bitcoin rose by 8%. Year-over-year, ADA remains down by 40%, while Bitcoin saw a 71% increase.
Top analysts, however, believe ADA could start its bull run as soon as next month, similar to the previous market cycle.
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