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05/22/2025

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Cardano's Charles Hoskinson Says ADA Can Power DeFi Ecosystems for Bitcoin, XRP, Litecoin and Dogecoin

As one of the first blockchains anchored on peer-reviewed academic research, Cardano (ADA) continues to emphasize governance and decentralization. This explains why Cardano founder Charles Hoskinson is...

Cardano's Charles Hoskinson Says ADA Can Power DeFi Ecosystems for Bitcoin, XRP, Litecoin and Dogecoin

Charles Hoskinson Forecasts Cardano’s Triumph Over Ethereum with Upcoming Developments

As one of the first blockchains anchored on peer-reviewed academic research, Cardano (ADA) continues to emphasize governance and decentralization.

This explains why Cardano founder Charles Hoskinson is optimistic that ADA can power decentralized finance (DeFi) ecosystems for cryptocurrencies such as Litecoin (LTC), Dogecoin (DOGE), XRP, and Bitcoin.

Hoskinson’s point of view might be based on the fact that Cardano combines security architecture, scalability, smart contract functionality, and interoperability features.

Fueling the DeFi networks of various cryptos is a welcome move since it will enhance Cardano’s adoption rate.

Is Cardano Eyeing a Surprise Move to $1?

Thanks to the general bullish momentum in the crypto market, which has seen Bitcoin soar to a new all-time high of $111,544, Cardano has reclaimed the psychological price of $0.75 with its eyes set on breaching the $0.80 zone.

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According to CoinGecko data, ADA was up by 25.2% in the past month to hit $0.8 at the time of writing.

The ninth-largest cryptocurrency based on market capitalization might as well be contemplating a major leg up to $1.

Market analyst Lingrid acknowledged, “ADA is rebounding from support after an extended correction within a broad channel. Multiple range breakouts show growing bullish intent beneath resistance. Price is now coiling near a key trendline intersection. If momentum builds, ADA may finally test the major downtrend ceiling. A surprise thrust toward $0.95 could shake the market.”

Source: Lingrid

Therefore, breaching the major downtrend ceiling will see Cardano soar to the psychological price of $1.

Meanwhile, Cardano whales have been on a buying spree after recently amassing more than 80 million ADA, worth a whopping $57 million. 

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If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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