Eric Wall, a well-known Bitcoin advocate, has sparked debate by predicting that Cardano (ADA) will drop from the top 10 cryptocurrencies by the end of 2024. This prediction has elicited reactions from the Cardano community, which has a history of skepticism towards Wall’s previous unfulfilled forecasts.
Charles Hoskinson’s Witty Retort to Predictions
Wall suggested that Polygon’s MATIC token would replace ADA, citing an impending major collapse for Cardano. Charles Hoskinson, the founder of Cardano, responded to Wall’s claim with a mocking GIF, implying anticipation for the predicted downfall.
Despite Wall’s claims, ADA currently holds a strong position at number eight on CoinMarketCap, with a substantial market value that outpaces its nearest competitors, such as Avalanche (AVAX) and USD Coin (USDC).
Wall’s vision for 2024 extends beyond Cardano, including a new all-time high for Bitcoin, a low for the ETH/BTC trading pair, and a potential drop in BTC value below $35,000. He also anticipates challenges for Bitcoin, including controversies over Ordinals and a new soft fork.
In addition to his Cardano prediction, Wall has made headlines with his speculation about the Bitcoin block reward halving and the implications of Extractable Miner Value (MEV) issues.