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Famous Bitcoin (BTC) supporter Eric Wall made a bold statement on social media, causing controversy by claiming that the popular altcoin Cardano (ADA) will fall out of the top 10 cryptocurrencies list by the end of 2024. Wall’s claim has drawn reactions from the Cardano community.
Charles Hoskinson Responds to Cardano Claim
Known for his unconventional forecasts in the crypto world, Wall particularly claimed that Polygon‘s token MATIC would step in to replace ADA. According to the famous figure, Cardano will face a major collapse in the coming months and will drop out of the top 10 cryptocurrency list.
Wall’s bold prediction brought back to light his unfulfilled forecasts made at the end of 2021 and the beginning of 2023. Cardano supporters began reminding Wall of his past predictions that never materialized. On the other hand, Cardano’s founder Charles Hoskinson responded to Wall with a sarcastic text-embellished GIF, saying, “Well… We’re waiting!”
Currently, ADA stands strong in the eighth position on CoinMarketCap with a market value of $18.82 billion. ADA is significantly ahead of its closest competitors, with Avalanche‘s (AVAX) market value of $5 billion and USD Coin‘s (USDC) market value of $8 billion.
Eric Wall’s Striking 2024 Vision
Beyond the Cardano claim, Wall’s predictions for 2024 include Bitcoin reaching an all-time high, the ETH/BTC trading pair hitting rock bottom, and BTC falling below $35,000 once again. The cryptocurrency expert also foresees issues for Bitcoin supporters, such as the blocking of Ordinals and the launch of a new Bitcoin soft fork.
Wall also made headlines at one point by speculating about a potential situation where the Bitcoin block reward halving would need to be restructured due to Extractable Miner Value (MEV) issues.
