Bitcoin News Today: Cardano Founder Forecasts $10T Crypto Market Surge Driven by Stablecoins, Altcoin Adoption Post-Bitcoin Peaks

Charles Hoskinson, founder of Cardano, has forecasted a potential surge in the cryptocurrency market to a total capitalization exceeding $10 trillion, a scenario he terms the “Gigachad Bull Run.” According to Hoskinson, this next phase of market growth will be driven by increased issuance of stablecoins, the integration of real-world assets into blockchain ecosystems, and a broader adoption of altcoins following Bitcoin’s cyclical peaks. “When Bitcoin starts stalling, then the alts will pop,” he stated, emphasizing the interplay between leading and alternative assets in the crypto market [1].

Current data suggests the market remains in its early expansion phase. The total crypto market cap, which includes Bitcoin and altcoins, is approximately 25% below its all-time high from previous cycles. Altcoin market capitalization has yet to surpass historical peaks, indicating potential undervaluation and room for a significant rally [1]. This dynamic aligns with patterns observed in past bull markets, where Bitcoin’s consolidation often precedes a surge in altcoin activity.

Ethereum (ETH) is highlighted as a critical indicator for the altcoin segment. The cryptocurrency is currently in a consolidation phase, with price action hovering near the $3,300 to $3,500 range. Technical indicators such as the MACD suggest waning momentum, but historical precedents show similar periods often culminate in sharp upward moves. Analysts note that a breakout above the $4,100 resistance level could trigger a substantial rally, potentially propelling ETH toward a $5,800 target. This threshold is seen as a pivotal catalyst for broader market sentiment, particularly if Ethereum’s smart contract ecosystem continues to attract real-world asset tokenization [1].

Hoskinson’s forecast also underscores the role of stablecoins in the upcoming bull cycle. He anticipates their issuance will surpass $1–2 trillion, further stabilizing the market while facilitating cross-chain asset flows. This prediction is rooted in the growing demand for liquidity and the increasing utility of stablecoins in decentralized finance (DeFi) and cross-border transactions [1].

The timeline for the “Gigachad Bull Run” remains speculative, but market observers are closely monitoring Bitcoin’s performance. Bitcoin’s 4-year halving cycle, historically linked to price surges, is expected to play a role in triggering the next phase of growth. However, Hoskinson’s emphasis on altcoins suggests a shift in market dynamics, where the altcoin segment may outperform Bitcoin as the cycle matures [1].

Sources: [1] Charles Hoskinson Predicts $10 Trillion ‘Gigachad Bull Run’ for Crypto Market (https://coinedition.com/charles-hoskinson-predicts-10-trillion-gigachad-crypto-bull-run-market/)