Cardano's Charles Hoskinson Has Made Some Notable Remarks About Bitcoin and Dogecoin

Cardano's Charles Hoskinson has made some notable remarks about the leading cryptocurrency Bitcoin and meme coin Dogecoin.

Charles Hoskinson, the founder of Cardano, highlighted the crucial role of community in the tapestry of cryptocurrency projects. Speaking at the Consensus conferences, Hoskinson touched upon the essence of good governance, adaptability, and resilience in a rapidly changing ecosystem.

According to Hoskinson, cryptocurrency projects need to be adaptable, like complex adaptive systems, and possess the strength to recover from adversity, displaying resilience. These projects must also be capable of growth, continuously expanding their scope and influence. However, he underscored that the foundation of any successful cryptocurrency project lies in community.

"To be useful, you have to have good governance, you have to be adaptable as a complex adaptive system, and resilient, and grow, and ultimately, you have to have a community—you have to have people there. That’s why Doge will never die, Bitcoin will never die," Hoskinson stated.

In the realm of meme coins, Dogecoin (DOGE) is poised for a potential price surge this week.

Analyst: Dogecoin building falling wedge, 15% move coming for DOGE

Dogecoin price analysis is showing bullish signs as the meme coin is forming a falling wedge, which could see DOGE price rally by 15%.

Dogecoin has been showing strength in the last 30 days as the coin is up over 50% in the time period.

Dogecoin price is up over 50% in the last 30 days and could be set for further gains this week.

The meme coin has been showing signs of bullish strength as it trades at a key resistance level.

A crypto analyst is saying that Dogecoin is forming a classic chart pattern that could see the asset’s price take off by 15% from its current price.

Analyst Predicts 15% Price Move For Dogecoin

Popular cryptocurrency analyst Ali_Charts says that Dogecoin is forming a falling wedge, which is a bullish chart pattern that is typically spotted during a downward trend. The analyst adds that the asset appears to be aiming for a 15% price move from its wedge breakout.

“People have been saying Doge is going to die for years. It’s still here and still going.

They underestimated Doge and they still do.

But Doge is getting ready to take out that 15% move to new highs.”

As of Monday morning, Dogecoin is changing hands at $0.23 and is showing signs of bullish strength as it trades at a key resistance level.

Earlier this month, another crypto analyst said that he thinks Dogecoin is going to "explode to the upside." The analyst, who is known online as "Degen Sam," predicts that Dogecoin will rally to $1.06 before it reaches a new all-time high of $1.20.

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