Cardano ADA: World Mobile CEO Endorses Hoskinson as Key Leader for Ecosystem Growth

In a strong show of support, World Mobile CEO Micky Watkins has publicly endorsed Charles Hoskinson and Input-Output Global (IOG) as the best leaders to drive Cardano’s future expansion. Watkins, renowned as ’Mr. Telecom,’ emphasized Hoskinson’s unmatched technical vision and expertise in advancing the Cardano ecosystem. This endorsement comes amid community debates about Cardano’s direction, reinforcing confidence in Hoskinson’s leadership as the blockchain platform aims for broader adoption and innovation in 2025.

World Mobile CEO Backs Hoskinson as Best Leader for Cardano’s Growth

Micky Watkins, CEO of World Mobile, has publicly endorsed Charles Hoskinson and Input-Output Global (IOG) as the ideal leaders to steer Cardano’s future. In a recent social media post, Watkins—known as ’Mr. Telecom’—asserted that no other entity possesses the technical vision or expertise to match Hoskinson’s capability to expand the Cardano ecosystem.

The endorsement follows community criticism of Hoskinson’s recent request for additional funding to accelerate Cardano’s development. During a weekend livestream, the Cardano founder revealed ongoing efforts by IOG to secure resources for ecosystem growth, framing the move as critical for long-term scalability.

Cardano (ADA) Surges Past $0.70, Igniting Investor Interest

Cardano’s native token ADA has breached the $0.70 threshold for the first time since March, rekindling market enthusiasm. The 12% weekly gain signals renewed bullish momentum as traders eye the next resistance level at $0.74.

Whale activity suggests institutional players are repositioning in anticipation of further upside. Analysts caution that sustained volume will be crucial for testing the $0.88 resistance, with $1.00 emerging as a psychological target should the rally continue.

Cardano Founder Defends Project’s Growth Amid Price Criticism

Charles Hoskinson, founder of Cardano, has dismissed claims that the project’s success should be measured solely by its token price. Despite ADA’s 58.4% yearly gain, critics have labeled the blockchain a failure—a characterization Hoskinson vehemently opposes.

In a recent podcast, the Cardano creator highlighted the network’s evolution from a $72 million startup to a $25 billion ecosystem with over 3 million users. "Price is a fleeting metric," Hoskinson argued, emphasizing consistent delivery on roadmap milestones and long-term infrastructure development.

The ninth-largest cryptocurrency by market cap continues to prioritize technological advancements over short-term market movements. This stance reflects a growing divide in crypto between speculative trading and foundational blockchain building.

Cardano Whales Accumulate 420M ADA Amid Price Stagnation

Cardano’s large-scale investors have aggressively accumulated 420 million ADA tokens in April, injecting approximately $289 million into the ecosystem. Whale wallets holding between 10 million and 100 million ADA expanded their collective stake from 12.47 billion to 12.89 billion ADA, per Santiment data.

Despite this bullish accumulation, ADA’s price remains trapped below the critical $0.70 resistance level. The token briefly tested $0.74 before retreating to $0.67, marking five weeks of consolidation. Market observers note that a decisive break above $0.74 could signal the start of a new upward trajectory.