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Cardano founder Charles Hoskinson is very confident about what layer 1 blockchain networks can achieve within a few years. He recently stated that the Cardano network will see the results of the Bitcoin (BTC) and Ethereum (ETH) networks over the next 10 years.
Cardano’s strategic future vision
At the highly anticipated 4th annual Cardano Summit 2024 community event held in Buenos Aires, Argentina, Hoskinson acknowledged the milestones Cardano has recorded in seven years. This includes expanding to an 11-digit network, amassing millions of users, and becoming the world's largest research group.
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Looking forward to the future, Hoskinson pointed out that Cardano will be bigger than Ethereum and Bitcoin in another 10 years. Additionally, he expects major governments to operate on Cardano network infrastructure. The growth of these use cases and capabilities depends on the trust these entities have in the network.
This strategic vision outlined by Hoskinson will be a pivotal move for the Cardano ecosystem and the broader crypto community.
ADA price enters bull market
It is worth noting that this prediction was announced just days after CryptoX sparked a debate regarding the flexibility of Cardano smart contracts compared to their Ethereum counterparts. Over time, the Cardano protocol turned out to be strict when it comes to following user instructions.
But Hoskinson highlighted upcoming upgrades that aim to change this entire narrative. This proposal brings several advantages to its configurability and the Babel rates it offers, among other features.
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Meanwhile, ADA price is showing signs of positive sentiment. The price of the coin has increased by over 2% (2.08%) in the past 24 hours and is currently trading at $0.355. This indicates that the altcoin could hit the previously predicted resistance level and move higher towards $0.4.
If the bullish momentum continues, the Uptober rally could propel ADA to a 52-week high.
