Charles Hoskinson, the founder of Cardano, has predicted that ADA could hit $3, $5, or even $10 if the Input Output Global (IOG) roadmap is completed successfully.
Speaking during a livestream, Hoskinson said, “We could be looking at $3 ADA, $5 ADA, $10 ADA.” He highlighted that the Cardano community must actively support the project for this vision to become real. While his optimism is great to lead the team, numerically he is hoping for a 1300% rally, or atleast a 300%.
According to Hoskinson, the future of Cardano depends on funding and the commitment of its holders.
Hoskinson explained that although the original scaling roadmap has been completed, advanced scaling projects are still in development. He warned that without guaranteed funding, these projects could be at risk.
He also mentioned that if the community does not approve the proposed budget, IOG might have to pull back after completing the Leios upgrade. “You’re funding the IOG vision,” Hoskinson said, stressing that keeping the team is crucial for Cardano’s growth.
The Cardano community has raised questions about whether the project can be called complete if scaling solutions are not fully delivered. Some members also debated Cardano’s decentralized governance model.
Hoskinson criticized the push for competitive bids, saying it could hurt developers from high-cost countries. He compared building Cardano to building a smartphone by committee, warning it would slow progress.
At the time of writing, ADA is trading at around $0.7044 after just a little 0.54% in the last 24 hours. This current price is a key zone.
If ADA holds above $0.70, it could aim for the next resistance at $0.764, and possibly $1. However, a fall below $0.70 could push prices down to $0.674 or $0.60.
Hoskinson also announced that Cardano is working on a Bitcoin bridge and Bitcoin support for its Lace wallet. This will allow Bitcoin-based DeFi apps to work on Cardano, boosting the network’s interoperability. He believes this will make Cardano more attractive to developers and investors.
Another development is Grayscale’s increasing investment in ADA. Grayscale filed for a spot Cardano ETF with the New York Stock Exchange on Feb 11, and the SEC has acknowledged the filing.
The chance of the ETF getting approved has jumped from 20% to 51% according to Polymarket. A decision is expected by August 2025.
Also Read: Cardano Founder Says Lace Wallet Is Integrating XRP
