Cardano Price Eyes 70 % jumps while Hoskinson ethereum, Solana explodes

Cardano was in a narrow range at a decisive support level after Charles Hoskinson’s argument for the network and its symbol.

Cardano (LeadIt was circulated at $ 0.80, a decrease of more than 40 % of its highest levels in December last year.

The coin retreated after Hoskinson, its founder, ethereum and Solana in a long interview on YouTube. In it, he pointed out that his largest discrimination factor was that he was working to integrate with Bitcoin – a step believed to be an uncomfortable opportunity of $ 2 trillion. he He said:

“Someone will break it. We will work on it hard because we aim to be decentralized financing or the Defi layer of Bitcoin. I don’t think it is ethereum (Eth) And Solana (TellerYou have what you need to achieve. “

The Hoskinson interview came a few months after Kardano’s announcement Partnership with bitcoinos. This integration is expected to be activated in the next few months.

Cardano is not the first Blockchain to create a Bitcoin layer. CORE, a 2 layer of Bitcoin’s ecosystem, attracted 53 developers and a closed total value of $ 626 million. Smokes (STXHe has 12 DAPPS and $ 104 million in assets.

Hoskinson Ethereum also criticized the promotion of layer 2 networks, which took its users. L2 networks, such as Al Qaeda, Archivare and Optimism, have become major players in Ethereum, where they dealt with billions of dollars in transactions. L2 networks are popular due to the low transaction fees and the fact that they benefit from ETHEREUM security.

Solana also criticized Kardano’s competitor, very common, on the pretext that it cannot survive, especially when the data was transferred in increasing its ecological system.

Hoskinson’s interview came a week before his alleged meeting of VIPs. The encryption analysts expect that the owner of X Elon Musk will be.

Cardano price expectations

The weekly graph shows that the ADA price reached $ 1.32 in November last year and then fell. Its upper side was crucial as it coincided with the decline level of 38.2 % Vibonacci.

Then Cardano fell to $ 0.524 while moving to form the second phase of the ELLIOT wave style. This stage is usually followed by the third stage, which is usually upward and longer.

Cardano remains above the moving average for 50 weeks, a sign of bulls. Therefore, the currency is likely to bounce as Bulls increased last year of $ 1.32, an increase of 70 % of the current level.