Cardano's Hoskinson Shares Optimistic Outlook for Bitcoin and Dogecoin

Charles Hoskinson of Cardano made some notable remarks about the leading cryptocurrency Bitcoin and the meme coin Dogecoin. While speaking at consensus conferences, Hoskinson emphasized the need for cryptocurrency projects to build community-focused platforms to maintain relevance in the highly competitive cryptocurrency ecosystem. The founder of Cardano still maintains a positive outlook on Bitcoin and Dogecoin in the long term, viewing their current communities as important structures designed to keep both projects at the forefront. "To be useful, you must have good management, you must adapt like a complex adaptive system, and have resilience, and grow, and finally, you must have a community—you must have people there. That’s why Doge will never die, Bitcoin will never die." Hoskinson remarked. Dogecoin and Bitcoin are preparing for a price increase this week. Meanwhile, in terms of price performance, both Bitcoin and Dogecoin seem to be in a good position to increase in price this week, according to the market trends observed at the end of this week. The anonymous analyst Ali_Charts, known for capturing bullish trends, has identified a descending wedge pattern, a bullish chart pattern typically formed in a bearish trend, on the Dogecoin technical chart. The analyst further stated that this asset appears to be heading towards a price increase of 15%. In the past 30 days, DOGE has recorded an increase in buying pressure, leading to a steady upward shift for the asset. It has achieved over 50% growth during the aforementioned period. DOGE is trading at $0.23 at the time of the report.

Similarly, a few market experts are painting a bullish scenario for Bitcoin ahead of this week. The major bull is currently trading at a price of 110,745 dollars at the time of press.