Charles Hoskinson Dey Criticize Ethereum and Solana, Dey Emphasize Cardano Bitcoin DeFi Ambitions
Charles Hoskinson, wey be founder of Cardano, don criticize the ecosystems of both Ethereum and Solana. E talk say Ethereum dey depend on layer-2 solutions too much, and this one dey reduce its core value. E say Solana memecoin ecosystem dey operate on top unsustainable pump-and-dump model, and this one fit lead to collapse wey go be like wetin happen before. Data show say the market cap of Solana top memecoins go drop well well by 2025. This market wahala don influence bearish trends for the SOL/ADA trading pair. At the same time, Hoskinson talk say Cardano dey focus on integrating Bitcoin Lightning Network to expand its DeFi capabilities, so dem fit capture big part of the DeFi market for Bitcoin users. E see am as opportunity wey fit bring big money and attract institutional demand within few years. The things wey dey happen around Cardano fit attract trader interest, especially as Cardano plans fit offer new opportunities for Bitcoin growing DeFi sector.
Bearish
Wahala wey dey against Ethereum and Solana, especially the worry wey dey about how Solana memecoin market go last, don make market no sweet for dem. The data wey show say Solana memecoin market cap don fall yakata, dey make the bad news worse. But, Cardano plan to enter Bitcoin DeFi dey show say better long-term chance dey for ground even with all the bad news, even though e dey cause fear for now because market no settle.