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Cardano’s Charles Hoskinson Says ADA Can Power DeFi Ecosystems for Bitcoin, XRP, Litecoin and Dogecoin

  • Cardano's founder, Charles Hoskinson, believes ADA can fuel DeFi ecosystems for various cryptocurrencies like Litecoin, Dogecoin, XRP, and Bitcoin, given its emphasis on governance and decentralization.
  • The combination of security architecture, scalability, smart contract functionality, and interoperability features in Cardano contributes to its potential to enhance the adoption rate of DeFi networks for other cryptocurrencies.
  • With the bullish momentum in the crypto market, Cardano has surpassed $0.75 and might target breaching the $0.80 zone, aiming for a potential surge to $1 according to market analysts.
  • Cardano whales have been accumulating significant amounts of ADA, with holdings exceeding 80 million ADA, valued at approximately $57 million.

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