{"content":"🌟 Cardano Co-Founder Delivers Bold Message — ‘We’re Just Getting Started’ Charles Hoskinson said Cardano may outperform Bitcoin and become its yield layer. The derivative data shows a drop in optimism as open interest and bullish bets fall. Tech suggests a bearish path of least resistance to the 50-day EMA. Cardano (ADA) fell 1% at press time on Tuesday, extending its almost 5% decline from Monday. In a recent podcast, Cardano co-founder Charles Hoskinson predicted that the cryptocurrency might overtake Bitcoin and become its yield layer, despite short-term bearishness. However, derivative and analytical indicators suggest ADA may come back to its 50-day Exponential Moving Average. Charles Hoskinson said in a podcast with Blockworks co-founder Jason Yanowitz that Bitcoin's performance may reach $1 million, a 10-fold rise, in the next years. Charles expects Cardano will outperform BTC by 100- or 1000-fold. According to the current market capitalization, Bitcoin would reach $23 trillion, while Cardano would reach $2.7 trillion to $27 trillion. Given the rapid acceptance of Bitcoin by institutional investors and government reserves, 1000-fold Cardano overtaking Bitcoin appears impossible. Hoskinson said that Cardano partner chains may provide yearly airdrops for ADA holders, beginning with Midnight (NIGHT) tokens. NIGHT tokens from the 24 billion supply will be allocated for ADA holders at 50%. The long/short ratio chart falls to 0.8864 from 0.9272 in 24 hours, indicating a short position rise. Short holdings rise to 53.01% from 51.89%, increasing sell-side dominance. ADA's July 21 rejection of the trendline also prevented it from breaking the 50% retracement level at $0.9187, drawn from $1.3264 on December 3 to $0.5110 on April 7. Cardano's falling trend suggests the 50-day EMA around $0.7228 is least resistance. Cardano might hit the overhead resistance trendline at the 50% retracement level at $0.9187 if it reverses. #Cardano #ADA $ADA ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/29/a82e9c21c22f4517a200a94d05be9a4e.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}