Cardano Dominates DeFi? ChatGPT Sees ADA at $20 If Bitcoin Joins In
- If Cardano emerges as Bitcoins primary DeFi layer by 2030, its market capitalization could potentially reach $1 trillion.
- With an estimated circulating supply of 50 billion ADA, the tokens price could rise to the $10$20 range.
- Cardano could rival Ethereum in TVL, emerge as a frontrunner in smart contracts, and deliver a superior DeFi user experience.
A bold prediction lit up the Cardano community this week, as hopes surfaced for a dramatic price surge. On April 17, Altcoin Oracle, a delegated representative (DRep) in Cardanos new governance system, shared a forecast that quickly gained traction. He projected ADA could soar to $20, marking a potential gain of over 3,144% from its current level.
The forecast followed an analysis Altcoin Oracle conducted using ChatGPT, exploring ADAs potential if it becomes the leading network for Bitcoin-based DeFi. The idea builds on a growing connection between Cardano and Bitcoin that started gaining momentum last year.
In 2024, EMURGO, the team behind Cardano, collaborated with BitcoinOS to bring DeFi tools to Bitcoin using its smart contract features. Cardanos founder, Charles Hoskinson, called this initiative as the top priority for the year. The objective is to unlock Bitcoins $1.6 trillion in liquidity and integrate it into the ecosystem.
Cardano (ADA) Could Soar With Adoption
If this vision materializes, Bitcoin holders could gain access to lending, borrowing, and yield-earning platforms powered by Cardanos infrastructure. Altcoin Oracles post wasnt only focused on technology, it also addressed ADAs long-term price potential. He asked ChatGPT to calculate ADAs future value if Cardano dominates Bitcoin-based DeFi by 2030.
ChatGPT projected ADAs market cap could rise between $500 billion and $1 trillion, driven by increasing institutional interest in DeFi. Such inflows could push ADAs price to between $10 and $20, depending on the circulating supply.
If the supply stays fixed at 35.28 billion ADA, the price could go even higherranging from $14 to $28. That would mark a massive gain for anyone holding ADA today.
From Ghost Chain to Ethereums Rival?
Additionally, critics often called Cardano a ghost chain, pointing to the lack of developers building on the network. But the vision shared in this prediction turns that around completely.
If DeFi on Bitcoin takes off through Cardano, it could stand toe-to-toe with Ethereum. ChatGPT even forecasted that ADA could rival Ethereum in both the number of apps built and the total value locked in those apps.
As of now, ADA trades at $0.6166, down slightly by 0.50% in the last 24 hours. Signs of whale accumulation are starting to appear, and the market seems to be consolidating between $0.51 and $0.77, possibly preparing for its next significant move.
ADA faces resistance at $0.6890 and $0.7154, based on its 50- and 200-day moving averages. TThe 50-day moving average acts as a immediate resistance, but momentum indicators suggest ADA may be oversold, potentially triggering a short-term bounce.
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Read more: https://www.tronweekly.com/ada-to-20-if-cardano-enables-bitcoin-defi/
Text source: TronWeekly
