Charles Hoskinson, the founder of Cardano, has made bold predictions for ADA. According to him,if the Input Output Cardano Roadmap is completed successfully, the value of ADA could soar to new highs, possibly $3, $5, or even $10 per ADA.
However, he added that the Cardano community’s willingness to support and contribute to the roadmap’s demands will play a key role in achieving this vision.
Earlier, Hoskinson made headlines and claimed that scaling of the original roadmap was completed and the IOG was currently working on advanced scaling solutions. He also explained that these projects are at risk and without guaranteed funding, it could lead to IOG’s departure.
Community members questioned how the contract could be considered complete if scaling wasn’t fully delivered. Additionally, concerns about Cardano’s governance and funding model were also raised.
Hoskinson criticized the community’s push for decentralized decision-making and “competitive bids,” explaining that this approach disadvantages developers in high-cost Western countries.
Cardano is currently trading at $0.7241, up over 3% in the past day. Cardano has managed to hold steady at the $0.70 level. If ADA manages to stay above $0.70, it could target the next resistance at $0.764, potentially aiming for $1. However, if it drops below $0.70, the next support levels are $0.674 and $0.60.
Hoskinson recently announced that the team is developing a Bitcoin bridge and integrating Bitcoin support into Cardano’s Lace wallet. This integration will allow Bitcoin-powered DeFi applications on Cardano, enhancing interoperability and expanding the ecosystem.
Grayscale has been increasing its ADA holdings, and the odds of an ADA ETF approval have increased from 20% to 55% on Polymarket. Grayscale had previously filed for a spot Cardano ETF with the New York Stock Exchange (NYSE). The U.S. Securities and Exchange Commission (SEC) has acknowledged the filing but has not yet approved it. A decision is expected by August 2025.
According to our Cardano price prediction, the altcoin’s price could hit a maximum of $1.4045 in 2025.
Even the most bullish of Cardano supporters acknowledge that Cardano will only potentially surpass Ethereum within 18 to 20 years.
Cardano is an underrated investment and has a high chance of performing in the next couple of years, considering the plethora of applications.
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