Cardano Founder Predicts ADA Rocketing to $3–$10 on Next-Gen Blockchain Breakthrough
Charles Hoskinson doubles down on bullish ADA targets—claims upcoming protocol upgrades could trigger a moonshot. Skeptics whisper ’heard that before’ while checking their Bitcoin balances.
The ’Ethereum killer’ narrative gets fresh ammo as Cardano’s founder teases scalability solutions that might finally—just maybe—justify the hype. Traders brace for volatility, hedge funds pretend they always believed in proof-of-stake.
A Cardano Treasury With Limits
Cardano’s on-chain treasury now holds about 1.7 billion ADA. In February, 72% of voting wallets approved a net change limit that caps the forthcoming reconciliation to 350 million ADA. Hoskinson applauded that guard-rail but reminded holders that it is up to DReps to allocate within the ceiling—and to decide whether IOG’s ask constitutes value.
He likened the current fight to building a smartphone “by committee”: “You have a camera, CPU, memory, antennas… Could you imagine how difficult it would be to build a phone by committee? You’d never build a competitive product.”
If DReps vote down the bundle or fund only fragments, IOG will “responsibly start pulling out” after completing the Leios upgrade, reallocating engineers to other ventures—including Midnight, a privacy-focused partner chain that Hoskinson believes will bring “millions of users” and make Cardano “the largest AVS system” in crypto. “You can fire the vendor,” he conceded, but warned that gutting the CORE team risks losing one of “the most elite engineering and research teams in the world for cryptocurrencies.”
Hoskinson rejected accusations that the proposal contradicts Cardano’s decentralization ethos. Decentralization, he said, does not mean the absence of leadership; it means the right to hire—and fire—custodians of a shared product vision. “There is nothing contradictory about a decentralized ecosystem hiring somebody to take care of your vision and product for a time period,” he said.
Still, he acknowledged frustration with what he called the ecosystem’s “political learned helplessness,” urging delegates to move from social-media vitriol to concrete budget decisions: “Twitter’s not reality… let’s build the budget, vote yes or no, and move on.”
With the reconciliation window opening, ADA holders face a stark choice: retain IOG as strategic steward at the quoted cost, or redirect treasury funds to newer collectives such as Pragma, TXPipe or DC Spark and accept the risks of a slower, more diffuse development pace. Hoskinson framed the decision in blunt economic terms:
“I’m not Elon Musk asking for a $50 billion pay package. I’m just simply saying I want you to cover the expenses of my engineers and leave a little profit there for us… If you like that, vote yes. If you don’t, vote no—but then pick another person to do this.”
At press time, ADA traded at $0.71.
