Cardano to $10? Hoskinson’s Bold ADA Price Prediction & Roadmap Impact

Andrew Chen
Cardano-ADA

Cardano (ADA) founder Charles Hoskinson has ignited optimism within the cryptocurrency community with bold price predictions for the digital asset. Speaking on the potential impact of the successful completion of the Input Output Cardano (IOG) roadmap, Hoskinson suggested that ADA could reach unprecedented heights, potentially trading at $3, $5, or even $10 per coin. However, he emphasized that the Cardano community’s active participation and support in fulfilling the roadmap’s requirements will be crucial in realizing this ambitious vision.

Hoskinson’s recent statements follow earlier claims regarding the completion of the original roadmap’s scaling phase, with IOG now focusing on advanced scaling solutions. He also raised concerns about the financial sustainability of these ongoing projects, indicating that a lack of guaranteed funding could lead to IOG’s departure. This sparked debate within the community, with members questioning the definition of “completed scaling” and raising broader issues concerning Cardano’s governance and funding mechanisms.

Governance and Funding Model Under Scrutiny

A point of contention has emerged around Hoskinson’s criticism of the community’s push for decentralized decision-making and the implementation of “competitive bids” for development projects. He argued that this approach puts developers based in countries with higher living costs at a disadvantage. These remarks have fueled discussions about the optimal balance between decentralization and efficient development within the Cardano ecosystem.

Positive Price Action and Ecosystem Expansion

Despite the ongoing debates, Cardano has demonstrated resilience in the market. Currently trading around $0.7241, ADA has shown a 3% increase over the past day and has maintained a steady position above the $0.70 mark. Analysts suggest that if this support level holds, ADA could target the next resistance at $0.764, with a longer-term goal of reaching $1.

Also Read: Cardano’s Lace Wallet to Integrate XRP, Advancing Multi-Chain Blockchain Interoperability

Adding to the positive momentum, Hoskinson recently announced the development of a Bitcoin bridge and the integration of Bitcoin support into Cardano’s Lace wallet. This development is expected to unlock Bitcoin-powered Decentralized Finance (DeFi) applications on the Cardano network, significantly enhancing interoperability and expanding the ecosystem’s utility.

Growing Anticipation for Potential Cardano ETF

Further bolstering investor confidence is the increasing probability of a Cardano Exchange Traded Fund (ETF) approval in the United States. Data from Polymarket indicates that the odds of approval have risen from 20% to 55%. This surge in optimism follows reports of Grayscale increasing its ADA holdings and the U.S. Securities and Exchange Commission (SEC) acknowledging Grayscale’s filing for a spot Cardano ETF with the New York Stock Exchange (NYSE). A decision on the application is anticipated by August 2025, and a successful approval could significantly increase institutional investment in ADA.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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