Up 50%, Could Cardano Finally Be Ready for a Major Breakout?
Throughout 2023, Cardano (CRYPTO: ADA) has almost kept pace with market leaders such as Ethereum (CRYPTO: ETH) and Bitcoin (CRYPTO: BTC). Cardano is now up almost 50% for the year, while Ethereum is up 56% and Bitcoin is up 63%. But is Cardano ever going to have a breakout moment when it starts outperforming the broader crypto market?
According to Cardano founder Charles Hoskinson, that moment could be coming soon. He recently released an updated outlook for Cardano, and it was remarkably bullish. In fact, he thinks Cardano might soon be able to outperform market leaders such as Bitcoin. Let's take a closer look.
Certainly, Cardano has turned in some noteworthy achievements over the past five months. Transaction volume, for example, is up more than 205% year to date. And Cardano continues to make headway on new initiatives designed to make the blockchain more secure, more scalable, and more efficient.
Source Fool.com
