Charles Hoskinson of Cardano has made some notable comments 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 foundations to remain relevant in the highly competitive cryptocurrency ecosystem.
The founder of Cardano maintains a positive outlook on Bitcoin and Dogecoin in the long term, viewing their current communities as essential structures designed to keep both projects at the forefront.
"To be useful, you must have good governance, you must adapt like a complex adaptive system, and you must be resilient and grow, and ultimately, 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 Surge This Week
Meanwhile, in terms of price performance, both Bitcoin and Doge seem to be in a good position to increase in price this week, according to market trends observed at the end of this week.
Anonymous analyst Ali_Charts, known for capturing bullish trends, has discovered a descending wedge pattern, a bullish chart pattern that typically forms in a downtrend, on Dogecoin's technical chart. The analyst added that this asset appears to be heading towards a price increase of 15%.
Over the past 30 days, DOGE has recorded an increase in buying pressure, leading to a steady upward shift for the asset. It has achieved more than 50% growth during the mentioned period. DOGE is trading at $0.23 at the time of reporting.
Similarly, a handful of market experts are painting a bullish scenario for Bitcoin ahead of this week. The big bull is currently trading at a price of $110,745 at the time of the press.
