Cardano’s 2023 was filled with developments. With two more months to go, it is safe to assume that the developers will carry forward the momentum for the remainder of the days. Having said that, the representatives of Cardano have come forward to shed light on the 2024 vision, stating that the year could be the Mithril Age of Cardano.
Charles Hoskinson, to be more specific, took to X, formerly Twitter, to share this major highlight. Charles believes that next year will be the Mithril Age of Cardano. The post has also suggested that the developers will be keeping their heads down in 2024. Meaning, there will be no change in their attitude in 2024.
There are a total of two predictions that Charles has made. To begin, Charles has said that the protocol will operate without any downtime and has been doing so since epoch 425. Second, Charles asserts that the time required to bootstrap a whole node will be cut to under 20 minutes.
No matter how positive these words sound, the effect on ADA has been minimal. The token was last seen exchanging hands at $0.25, a slip of 2.04% in the last 24 hours. Nevertheless, the ADA prediction is strong, expecting the token to touch at least $0.36 by the end of this year. Alternatively, the token can go as high as $0.88.
Assuming Cardano stands true to its vision for 2024, ADA will have a chance to surpass the $1 mark before it enters 2025.
Chris O, a co-founder of the ADA Ghost Fund, backs Hoskinson’s prediction. Chris has said he is impressed with Cardano’s growth and development, especially regarding year-on-year comparison. Per his statement, the Cardano transactions have increased by 24.8 million, an additional 44 projects have been launched, and the number of native tokens has increased by 2.9 million. Moreover, the Cardano ecosystem has introduced nearly 6,687 smart contracts.
ADA, often referred to as the Ethereum killer, was on the list of the top 10 cryptocurrencies in the last 24 hours. ADA’s intraday volume was $114,294,380, following an increase of 19% in just a single day. Cardano is not far behind in terms of market capitalization. It is currently ranked as the 8th largest crypto, just below Solana, whose market cap is $9,664,560,693. Comparatively, Cardano’s market cap is dancing around $9,046,836,344.
Meanwhile, Charles Hoskinson has also sounded an alarm over the sympathetic portrayal of Sam Bankman-Fried. He has said that people in elite circles are trying to get SBF a public exoneration. Charles has highlighted that a book by Michael Lewis and the New York Times report has attempted to show him in a sympathetic way.
The idea behind such a portrayal is to help him avoid conviction. Many sources have even tagged him as a genius weirdo. This comes amid the SBF trial.