Cardano's founder, Charles Hoskinson, has confirmed that Lace Wallet will soon support Bitcoin, making it a top Bitcoin DeFi wallet. This upgrade is expected to attract more Bitcoin transactions to Cardano, strengthening the network. Additionally, a mobile version of Lace is on the way, which will make DeFi more accessible. These upgrades could reshape the blockchain space and pose serious competition to Ethereum. The integration of Bitcoin into Cardano could attract more users and projects, potentially challenging Ethereum's dominance in DeFi. The mobile version will also remove technical barriers and encourage mass adoption. Despite a recent price drop, Cardano's strong fundamentals support long-term growth, and if these upgrades deliver as expected, Cardano may rise to the top.
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