Cardano Rivals to Watch if Charles Hoskinson’s Latest AI Update Delivers 100% Profits – Crypto News – Crypto News
Connect with us

Business

Cardano Rivals to Watch if Charles Hoskinson’s Latest AI Update Delivers 100% Profits – Crypto News

Published

3 months ago

on

Cardano Founder Predicts What Next For Blockchain Innovation

Cardano price reclaims $0.70 as Hoskinson unveils AI agent rollout; on-chain data suggests highly-correlated altcoins like AVAX and LTC may rally alongside ADA.

Cardano Rallies Past $0.70 as Hoskinson Unveils AI-Powered Network Testing

Cardano price climbed 1.5% to surpass the $0.70 mark on Saturday, reversing weekly losses and building bullish momentum.

Over the past 14 days, ADA price has gained 13.3%, driven by investor optimism surrounding a new network update disclosed by Cardano founder Charles Hoskinson.

Cardano price action (ADAUSDT) | Source: Coingecko
Cardano price action (ADAUSDT) | Source: Coingecko

In a recent post on X, Hoskinson confirmed that Cardano is launching a testnet for its Leios protocol—an advanced initiative aimed at dramatically increasing transaction throughput.

Positioned within Cardano’s 2025 roadmap, Leios is designed to address scalability and prepare the network for post-quantum cryptographic standards.

What sets this testnet apart is the deployment of thousands of AI agents programmed to interact, trade, and simulate high-frequency network transactions

AI Integration Could Push Cardano’s Market Cap Toward $50 Billion

At the time of writing, Cardano trades just above $0.70, valuing the network at $25.5 billion. If AI integration succeeds in delivering its stated scalability goals, Cardano’s valuation could potentially double in the coming months.

Charles Hoskinson shares updates on Leois protocol initiative, May 2, 2025 | Source: X.com
Charles Hoskinson shares updates on Leois protocol initiative, May 2, 2025 | Source: X.com

First, the Leios protocol, by increasing network throughput.  With faster settlement and reduced latency, Cardano becomes a more viable infrastructure layer for DeFi, gaming, and tokenized real-world assets.

Second, the use of autonomous AI agents aligns Cardano with a growing global trend. Major corporations are investing in AI-powered workflow automation, from logistics to finance. Each of these factors could potential fuel economic activty and capital inflows towards the Cardano network, potentially doubling its market cap from $25 billion to $50 billion in the coming years.

Cardano Rivals to Watch If ADA Market Cap Doubles on AI Momentum

If Cardano’s AI-driven roadmap delivers results, investors may seek exposure to similar assets showing strong correlation to ADA.

IntoTheBlock‘s Correlation Matrix chart below shows top 10 ranked altcoins and their directional movements relative to ADA price over the last 30-days.

Cardano (ADA) Price Correlation matrix, May 3, 2025 | Source: IntoTheBlock
Cardano (ADA) Price Correlation matrix, May 3, 2025 | Source: IntoTheBlock

Within this context, correlation values closer to 1.0 indicates strong positive correlation. Over the past month, the following tokens have shown high directional movement alongside Cardano.

  • Litecoin (LTC) shows the strongest correlation with ADA at 0.97.

  • Avalanche (AVAX) and Shiba Inu (SHIB) each post a 0.96 and 0.95 correlation, respectively, making them top candidates for joint rallies with ATA.

  • Dogecoin (DOGE) also shows a 0.95 correlation, reflecting shared interest among retail-heavy communities.

  • Polygon (MATIC), another high-performance layer-2 network, tracks ADA with a 0.90 coefficient, signaling mutual investor confidence in the scalability narrative.

While correlation indicates movement trends, it does not imply causality. However, these have clearly benefitted from the same investor psychology and directional capital flows that lifted ADA price over the last 30-days.

Cardano Price Forecast Today: ADA Eyes $0.76 Target if Bulls Sustain AI Optimism

Cardano price closed at $0.7110 on May 3, staging a 1.85% daily advance despite subdued trading volumes throughout the week. The ADA/USDT daily chart reflects a short-term consolidation pattern as price action remains boxed within the Keltner Channel boundaries between $0.6816 and $0.7607.

This range-bound movement, coupled with a tapering volume profile, points to indecision in the near term.

However, the latest trend still carries a stronger bullish narrative supported by the recent AI agent announcement from Charles Hoskinson, which has injected fresh speculative interest into the network’s future growth prospects.

Cardano Price Forecast Today | ADAUSD targets $0.75 breakout
Cardano Price Forecast Today | ADAUSD targets $0.75 breakout

The MACD histogram continues to trend upward above the zero line, suggesting ongoing momentum. The MACD line itself has crossed above the signal line—a classic bullish setup. However, the shallow angle and muted volume imply a lack of conviction from traders, warranting caution. Cardano price forecast today is moderately bullish in structure, supported by a successful defense of the $0.68 mid-band level.

While short-term upside could be capped at $0.76, sustained optimism around AI-driven decentralization could help ADA reclaim the March highs above $0.90.

The post Cardano Rivals to Watch if Charles Hoskinson’s Latest AI Update Delivers 100% Profits appeared first on CoinGape.

Related Topics:
Continue Reading

Trending