Charles Hoskinson Believes Cardano (ADA) Would Be The First Trillion Dollar Cryptocurrency

Cardano (ADA) is increasing in popularity on a daily basis in the cryptocurrencies market. This renowned third-generation blockchain technology, Cardano, keeps its crypto community interested with frequent updates and announcements. However, Charles Hoskinson believes Cardano (ADA) would be the first trillion dollar cryptocurrency.

CEO of IOHK and co-founder of Cardano (ADA), Charles Hoskinson, recently debated the ADA’s global adoption.

I would love to see Cardano as the first trillion dollar cryptocurrency and the reason being is that that would effectively mean that we have built a self-sustaining economy.

Charles Hoskinson, CEO of IOHK and co-founder of Cardano (ADA)

At the moment of this writing, Cardano (ADA) trades at $0.171, surging by about 0.7% in the last 24 hours. According to CoinMarketCap, ADA is the 8th cryptocurrency by market cap, with approximately $4,4 billion.

However, among the top ten cryptos in the cryptocurrencies market, Cardano (ADA), as well as IOTA (MIOTA), is based on a partially-developed blockchain.

Cardano (ADA) to become the first trillion dollar cryptocurrency, according to Charles Hoskinson

I would love to see ADA achieve that level of prominence or currencies connected to ADA because then it basically means that we built a private system that has built-in consistency and fair rules for everybody in the world, not just for the people who happen to be very privileged.

Charles Hoskinson, CEO of IOHK and co-founder of Cardano (ADA)

Also, Hoskinson stated that Cardano (ADA) crypto community shares his beliefs. Indeed, the ADA holders are adopting a different approach than holders of Bitcoin (BTC) or other cryptocurrencies. Accordingly, Cardano (ADA) holders are not speculators, in comparison with Bitcoin (BTC) holders, for instance.

Instead of targeting profits only, as in the case of Bitcoin (BTC) or Ethereum (ETH), to some extent, ADA community is very interested in the development of the project which makes Cardano (ADA) a unique ecosystem within the cryptocurrencies market.

Ian Kennedy

Ian Kennedy is the newest contributor to Crypto Daily Gazette. He enjoys running, practicing minimalism and cooking. Ian is a graduate of Wesleyan University in Connecticut where he studied journalism, Arabic and international affairs. Ian mostly covers stories concerning emerging blockchain technology.

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