Cardano's Founder Believes ADA Token Will Overtake Bitcoin and Ethereum!

Besides predicting that the ADA token will surpass BTC and ETH, Cardano founder Charles Hoskinson made another interesting prediction.
Charles Hoskinson's Bold ADA Predictions
Cardano founder Charles Hoskinson made bold predictions for the leading blockchain Cardano. In his speech, Hoskinson predicted that Cardano would surpass Bitcoin and Ethereum to become the world's largest cryptocurrency.
According to Hoskinson, Cardano will achieve this great success in the future due to its commitment to decentralized decision making and on-chain management. Hoskinson said:
"This is a challenge for us and that's why I think Cardano will probably be the largest cryptocurrency in the world."
It is important to note that Cardano is far behind Bitcoin and Ethereum in terms of market cap. At the time of writing, Cardano ranks as the 7th largest cryptocurrency with a market cap of $9.08 billion.
In contrast, Bitcoin and Ethereum stand as the first and second largest cryptocurrencies with market caps of $506.21 billion and $198.07 billion respectively. Despite Cardano being far behind Bitcoin and Ethereum in terms of valuation, Hoskinson still thinks ADA will eventually become the world's largest cryptocurrency.
According to Hoskinson, the inefficient management models of market leaders - Bitcoin and Ethereum - could help Cardano pass them in the long run. Hoskinson stated that Bitcoin's weakness may come from its static design. Notably, the world's largest cryptocurrency has not changed its design in 13 years.
He also said that Ethereum's rejection of on-chain management could become a long-term issue, especially as it accumulates millions of users.
Hoskinson's other predictions
Furthermore, Hoskinson also predicted that Cardano could become more than just a cryptocurrency in the future.
“I think Cardano will be the backbone of a new digital nation, a new society – a place where we can finally start trusting each other again, transitioning from 'can't be bad' to 'can't be evil'."
Meanwhile, Cardano's native token, ADA, is trading at $0.2593, down 1.3% over the past 24 hours. The crypto-asset has been recording steady declines since May 2023. As previously reported, ADA is likely to experience further declines as a recent chart shows ADA replicating 2019 price action.
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