In a recent interview, Cardano founder Charles Hoskinson discussed promising ideas about the future of ADA and its role in the Bitcoin DeFi ecosystem. This article covers those ideas and briefly discusses the development of Remittix.
Prospects of Cardano as a Bitcoin DeFi Platform
Charles Hoskinson suggested that Cardano could become the 'yield layer' for Bitcoin DeFi. He pointed out that unlike Bitcoin, which is renowned for its reputation and collateral usability, Cardano already offers staking and programmable DeFi features. If successful, ADA's price could range from $80 to $800.
However, this forecast should be taken as a long-term perspective rather than an immediate goal. In the near future, technical analysts expect Cardano to revive its position around the dollar mark, possibly reaching $1.50.
Remittix Development as a Payment Platform
Remittix is actively developing its platform, offering low fees for multi-chain money transfers. A beta version of the wallet with Ethereum and Solana support is expected to launch in September 2025, increasing investor interest. Remittix aims to provide cash interactions across over 30 countries, making it attractive for investors.
Verification Issues and Predictions for ADA
According to Hoskinson, if ADA becomes the yield layer for Bitcoin DeFi, it opens up vast prospects. Nonetheless, successful market acceptance requires the verification of these ideas. Currently, Cardano's primary task is to recover key levels and defend the one dollar range before moving towards $1.50.
The future of Cardano in the context of Bitcoin DeFi promises to be exciting. Despite the long-term forecasts, it is essential to consider current market realities and the need for idea verification. Meanwhile, Remittix offers a practical solution for the near future.
