Cardano’s Hoskinson Shares Optimistic Outlook for Bitcoin and Dogecoin

Cardano’s Charles Hoskinson has made some notable remarks about the leading cryptocurrency Bitcoin and meme coin Dogecoin. While speaking at the consensus conferences, Hoskinson stressed the need for cryptocurrency projects to build a community-centered foundation to remain relevant in the highly competitive crypto ecosystem.

The Cardano founder maintains a positive outlook for Bitcoin and Dogecoin in the long term, citing their existing community as key structures, designed to keep both projects at the forefront.

“To be useful, you have to have good governance, you have to be adaptable as a complex adaptive system, and resilient, and grow, and ultimately, you have to have a community—you have to have people there. That’s why Doge will never die, Bitcoin will never die.” Hoskinson remarked.

Dogecoin (DOGE) and Bitcoin (BTC) are primed for a price rally this week

Meanwhile, in terms of price performance, both Bitcoin and Doge seem to be well-positioned for a price rally this week, according to market trends observed this weekend.

Pseudonymous analyst Ali_Charts, known for picking up on bullish uptrends, has spotted a falling wedge, a bullish chart pattern typically formed during a downward trend, on the Dogecoin technical chart. The analyst added that the asset appears to be aiming for a 15% price move.

In the last 30 days, DOGE has recorded an upsurge in buying pressure, resulting in steady upward movement for the asset. It has attained more than 50% of gains over the aforementioned time period. DOGE is trading at $0.23 at report time.

Similarly, a handful of market experts are painting a bullish scenario for Bitcoin ahead of the week. The big bull is currently trading at a press time price of $110,745.