Cardano’s Ambitious Goals Spark Price Prediction Frenzy: Can ADA Break Out?
Cardano’s roadmap triggers bullish debates as ADA trails market leaders. With Bitcoin eyeing $100k, altcoins like XRP, SOL, and LINK show volatility—while traders wonder if this is organic growth or just another hype cycle feeding the crypto casino.
$0.722447, has set ambitious price targets for ADA. According to Hoskinson, if Input Output Global successfully completes its roadmap for Cardano, the price of ADA could rise to $3, $5, or even $10. However, he emphasized that the active support of the Cardano community is crucial for achieving this vision.
ContentsCardano’s Roadmap and Community ConcernsIncreased Likelihood of ETF Approval for ADA Coin
Cardano’s Roadmap and Community Concerns
In the past, Hoskinson has been in the spotlight for announcing the completion of Cardano’s original scaling targets. He added that the developer team is working on advanced scaling solutions. Hoskinson warned that projects could be at risk without guaranteed funding, which could lead to Input Output Global withdrawing from Cardano.
Community members questioned how the process could be considered complete without full scaling. Additionally, concerns regarding Cardano’s governance model and funding structure have increased. Hoskinson criticized the community’s demands for decentralized decision-making and “competitive bids,” arguing that this approach harms developers in countries with high living costs.
On another note, Hoskinson announced that the Cardano team is working on a Bitcoin
$95,335 bridge and plans to integrate Bitcoin support into the Lace wallet. This development will make it possible to run Bitcoin-based DeFi applications on Cardano, thereby enhancing interoperability and further expanding the ecosystem.
Increased Likelihood of ETF Approval for ADA Coin
Currently, ADA coin is trading at $0.7241, having risen over 3% in the last 24 hours. The altcoin has managed to hold above the $0.70 level. If ADA can maintain this level, the next resistance point will be $0.764, with eyes once again on the $1 target. However, if the price dips below $0.70, retests of $0.674 and $0.60 may be anticipated.
Grayscale’s increase in ADA assets has led to new market expectations. According to Polymarket data, the probability of a U.S. exchange-traded fund (ETF) being approved for ADA has risen from 20% to 55%. Notably, Grayscale has submitted a proposal for a spot Cardano ETF to the New York Stock Exchange (NYSE). The U.S. Securities and Exchange Commission (SEC) has officially accepted the application, but approval is still pending, with a decision expected in August of this year.
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