Overview
- Hoskinson forecast on July 28 that ADA could deliver 100× to 1,000× returns compared to Bitcoin’s roughly 10× potential based on their relative sizes.
- He cites ADA’s roughly $28 billion market cap along with its 60 percent staking rate as the basis for its potential to become Bitcoin’s DeFi yield layer.
- His proposal to allocate up to $100 million from Cardano’s treasury into Bitcoin as well as stablecoins has spurred debate over potential liquidity constraints.
- Critics point out that Cardano’s DeFi ecosystem trails Ethereum plus Solana in total value locked; developer activity remains lower than that of key rivals.
- ADA currently trades near $0.78, sitting below resistance at $0.80–$0.90; technical indicators signal sell-pressure around key support levels.