The main guy behind Cardano (ADA), Charles Hoskinson, has made a bold claim in the cryptocurrency news today, predicting that 2020 will be the year when the cryptocurrency project is going to be massive. Hoskinson believes that the advanced protocols will function to position ADA as one of the strongest cryptocurrencies in the industry.
What’s interesting is that this prediction comes during a market slump and a major drawback which has seen a lot of coins in the red. Cardano (ADA) is definitely one of them, losing more than 6% on the day.
However, Charles Hoskinson believes in his statement that the project is going to be massive next year.
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He sent out a tweet recently where he noted that the releases of numerous advanced protocols are why ADA may be positioned as one of the strongest digital assets in the space next year.
According to Hoskinson, the Cardano project “will be a beast” come 2020.
What's truly exciting about the recent releases is how fast we are able to move. Our scientists have done a remarkable job designing great protocols and our engineers are able to bring them to market. Cardano in 2020 will be a beast
— Charles Hoskinson (@IOHK_Charles) November 15, 2019
The Cardano latest news also show that this prediction comes at bad times for the market. Even though Cardano fans came out after the tweet to commemorate the release, it is true that many are skeptical about the future of the crypto markets.
For instance, we could see the leader Bitcoin shedding more than $200 today and around $500 this week, with a current price below $8,000. Perhaps this trend will stop – but anyways – we are seeing the BTC price losing a lot over the course of the past weeks and falling to new four week lows.
In theory, the Cardano project and its fan base look optimistic. However, the reality is that one of them posted a reply saying that Cardano had raised the bar for blockchain projects and is set to make huge waves in the market in the coming year.
Both Charles Hoskinson and a lot of Cardano (ADA) backers are confident about a bright future for the coin. Until then, however, we must weigh in the fact that Cardano (ADA) lost a lot over the past couple of weeks too. Its peak price of $1.11 during January 2018 is a proof that there is space for more gains – but only with a market that is supportive.
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