Cardano Founder Predicts 1000x Surge for ADA
Charles Hoskinson, the founder of Cardano, has made a bold prediction that ADA's value could surge up to 1000 times its current price. In a market dominated by Bitcoin, Hoskinson believes that Cardano's growth potential far surpasses that of its competitors, sparking intense debate among cryptocurrency enthusiasts and analysts.
According to Hoskinson, while Bitcoin's market capitalization stands at around $2.32 trillion, it has a relatively short path to reaching $1 million per Bitcoin, representing a mere 10-fold increase. In contrast, Cardano could potentially grow 100x or even 1000x, placing its price between $77.90 and $779 per token. This would catapult ADA's market capitalization to over $27 trillion, eclipsing the value of the world's largest companies and many national economies.
Hoskinson emphasized that to achieve this level, Cardano would need widespread adoption and technological advancements driving the development of decentralized applications (dApps), smart contracts, and DeFi solutions. However, current metrics indicate that developer activity and transaction volume lag behind competitors like Ethereum.
The Cardano founder also highlighted the importance of digital assets and private stablecoins in driving blockchain growth over the next five years, citing them as key to widespread adoption. Hoskinson previously stated, "Put the right leaders in the right place, give them the right power, and hold them appropriately accountable; I think Cardano will be bigger than Ethereum."
Future Plans and Upcoming Audit
To further boost growth, Cardano plans to convert its $1.2 billion treasury into an active fund, allocating up to $100 million to Bitcoin to fuel early yield models in Bitcoin DeFi. Hoskinson recently mentioned, "What I'd like to see is if we can take about $100 million worth of ADA out of the treasury and turn that into a mix of different stablecoins that exist on Cardano... and also turn some of that into Bitcoin to run Bitcoin DeFi."
Cardano's UTXO model allows for smart contracts and batching multiple events into a single transaction, positioning the network as a key player in the emerging Bitcoin DeFi sector. The company is set to undergo a comprehensive audit in August to enhance transpar،cy and security for its ecosystem.
