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#ADA# Recently, Cardano founder Charles Hoskinson sparked heated discussions in the Crypto Assets community. He made a striking point: if ADA can successfully position itself as the "yield layer" of the Bitcoin Decentralized Finance ecosystem, its price could see a significant rise.
Hoskinson believes that Bitcoin's status as digital gold is already solidified, but its potential in the field of Decentralized Finance (DeFi) has yet to be fully developed. He envisions Cardano playing a key role in this area, providing liquidity, yield, and DeFi functionalities for the Bitcoin ecosystem.
The founder's prediction is quite optimistic; he even mentioned the possibility of the ADA price rising from its current level to 80 dollars, or even 800 dollars. Although this prediction may be seen as overly optimistic by some, it reflects Hoskinson's firm confidence in the potential of Cardano.
It is worth noting that the recent price of ADA has shown some positive reactions, which may be related to the market's expectations for Cardano's future development. However, investors should be cautious about such predictions of significant rise, as the volatility and unpredictability of the Crypto Assets market remain high.
Although the target of $800 may seem unattainable, the history of Crypto Assets has repeatedly proven that in this rapidly evolving field, what seems impossible can sometimes become reality. The price trajectory of Bitcoin is a great example, as it has risen from just a few cents to tens of thousands of dollars.
Overall, the future development of Cardano is worth paying attention to. Regardless of its price trend, the efforts of ADA in building decentralized finance infrastructure may have a profound impact on the entire Crypto Assets ecosystem. Investors and tech enthusiasts should closely monitor Cardano's technological advancements and the expansion of its ecosystem, rather than just focusing on its price predictions.