Will Cardano Price Hit New ATH $14 as Founder Says “ADA Will be Bigger Than BTC”

Cardano price could soar 4,000% to $14 as founder claims ADA will surpass Bitcoin, with potential adoption from 45 million users.

Cardano price could break free from its extended consolidation after Cardano Founder Charles Hoskinson said ADA would be ‘bigger then BTC’ in the recently concluded summit in Argentina.

This statement has fueled speculation and enthusiasm among investors who wonder if Cardano could reach new all-time highs.

Technical analysis shows that the ADA price could surge to such heights, as price action seems to repeat a key historical pattern. The ADA price hovered around $0.3466 on October 24 after dropping 4.8% in the last 24 hours.

Despite the decline, technicals suggest Cardano is still bullish, as analysts call for a $0.80 -$1 target for December. The predictions are pegged on the success of Bitcoin’s price breaking its all-time high and surging to $80,000-$100,000 within the same duration. 

Can Cardano Price Outperform Bitcoin?

According to Hoskinson, Cardano has the potential to outperform Bitcoin as it already has the largest developer network of all other crypto networks. However, without outside help, ADA has almost zero chance of becoming bigger than Bitcoin because the latter has more users. 

According to Santiment, Cardano had 24,031 active addresses as of October 23, with an average of 28,261 users over the last four months. This figure is small compared to other major blockchain networks like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP (XRP).

However, if the Cardano network were to bolster its user base, the price would automatically skyrocket. 

While in Argentina, Hoskinson met with President Javier Milei to discuss blockchain’s potential to revamp Argentina’s economy.

#ADA #Cardano #USJoblessClaimsDip #EthereumPectraUpgrade #EthereumPectraUpgrade $ADA $ETH $BNB