Cardano (ADA) Emerges as the "Main Character" of the Current Bull Cycle, Charles Hoskinson Agrees

This week, the crypto industry is enjoying a moment, with the global market cap hitting $2.42 billion. Bitcoin, the world's top digital asset, is leading the charge

Cardano [ADA] enjoyed a moment in the spotlight this week, thanks to a post by a Cardano supporter on Twitter. The supporter, known as Nebulor, shared his belief that ADA was fast emerging as the “main character” of the current bull cycle.

This statement garnered a lot of attention on social media, with some users agreeing with Nebulor and others challenging his take. However, ADA did not perform exceptionally well this week.

After enjoying a brief run for a few days, Ethereum, Dogecoin, and Solana landed in the reds on Thursday. Bitcoin, on the other hand, led the major coins with gains.

Among those who supported Nebulor's statement was Cardano's founder, Charles Hoskinson. In a separate post, Hoskinson shared a funny GIF of himself smiling and nodding, to signify his agreement with Nebulor's assessment.

A Pro-ADA Post That Launched A Flurry Of CommentsFor Nebulor, ADA, with its market cap of $12.45 billion, is currently the “main character” in this ongoing bull market. The post immediately attracted plenty of attention on social media, with a fair share of positive comments and others challenging Nebulor’s take.

Some users agreed with Nebulor, saying something big would happen soon, and others found the opinion amusing. Among the supporters on the thread, one commenter shared that ADA would surprise everyone, and another mentioned that the Bitcoin integration was the best thing to happen to ADA. Others hit Nebulor for his attempt at publicity, and some said they had seen the script before.

Cardano's Hoskinson AgreesFully agreeing with Nebulor's take on ADA was none other than Charles Hoskinson, Cardano's founder. Hoskinson shared a funny GIF on Twitter, smiling and nodding, to suggest that he approves.

His followers immediately jumped in, saying that Cardano benefited from its decision to integrate with Bitcoin.

As reported by AMBCrypto last week, Cardano collaborated with BitcoinOS (BOS) to facilitate Bitcoin's smart contract development. With this partnership, DeFi developers can now enjoy BTC's liquidity without intermediaries.

Cardano Ecosystem Continues Its DevelopmentThis partnership will give members access to Bitcoin's liquidity and enhance the ecosystem's DeFi capabilities. The partnership makes ADA the first Layer 1 chain to use the BitcoinOS technology.

Last month, Cardano also welcomed its most significant upgrade yet, making it community-owned. These are just some reasons analysts like Nebulor see ADA as the next big thing.

Meanwhile, market-wise, things aren’t looking great for ADA. As mentioned, the digital asset is currently trading at a range, and it's only up by 3% over the last week, while BTC jumped by 8%. If we're using year-to-date data, Cardano's market value has dropped by 40%, while Bitcoin increased by 71%.