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HomeCrypto NewsMarketTop American Exchange Spotlights Cardano as Hoskinson Says ADA Will Break the Internet

Top American Exchange Spotlights Cardano as Hoskinson Says ADA Will Break the Internet

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Cardano founder Charles Hoskinson’s bullish claims on the potential of Cardano have drawn the attention of the prominent American exchange Uphold.

Uphold responded to the September 19 tweet of Charles Hoskinson, where he said Cardano would break the internet. Uphold asks if Cardano enthusiasts are bullish on Cardano or not.

Specifically, the American-based exchange sought the thoughts of the crypto community on the audacious claims, inquiring whether it is a realistic feat for Cardano.

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Bullish on Cardano?

Notably, Cardano has had a fair share of criticism. Some called it the “ghost chain,” while others claimed it is dead. Nonetheless, the ADA ecosystem has continued to stand tall, evidenced in recent developments.

First, the United States included ADA in its strategic crypto reserve, which also features prominent assets like Bitcoin, Ethereum, XRP, and Solana. Then, institutions began to show interest in Cardano through the Grayscale ADA spot ETF filing with the US Securities and Exchange Commission.

The price of Cardano has also continued to impress. Despite joining a broader market capitulation over the past seven days, it remains up over 100% from its price of $0.38 one year ago.

Moreover, Cardano remains focused on building, with upgrades and integration in the pipeline. It is on the back of these developments that Hoskinson took to X to assert that Cardano will “break the internet.” The audacious comment adds to his growing collection of similar claims on Cardano and also attracted a “BULLish” response from 6-time NBA champion Scottie Pippen.

Mixed Community Reactions Trail Uphold Inquiry

Meanwhile, Uphold’s inquiry whether Hoskinson’s comment was bullish for Cardano or not was met with mixed community reactions. One user, BigDave, shares a positive outlook for ADA price, predicting it will rebound from recent lows and target a minimum price of $1.55 by the year’s end.

However, some others believe nothing would happen for Cardano. A reaction claimed to have heard such bold comments before, with no actual output. Others expressed pessimism about the broader market condition, as Bitcoin and altcoins have suffered severe price setbacks.

A Typical Hoskinson Statement About Cardano

Remarkably, this is not the first time that the IOHK founder has made audacious projections for Cardano. He has remained a big fan of his brainchild, persistently insisting that it is one of the best in the ecosystem and will someday receive the recognition it deserves.

Hoskinson recently claimed that Cardano is “decentralized, sound money,” and it shares that status only with Bitcoin, the largest cryptocurrency by market capitalization. This follows his earlier pronouncement that Cardano poses the biggest threat to Bitcoin’s dominance.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Elendu Benedict
Elendu Benedict
Elendu Benedict is a refined cryptocurrency writer with over two years of experience in the field. With a thorough understanding of blockchain technology, cryptocurrencies, and market trends, as well as proficiency with ETFs, DeFi, and Web3, he specializes in writing engaging and educational articles on a variety of crypto-related subjects.

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