Charles Hoskinson, the founder of Cardano, has recently made bold predictions regarding the future value of ADA. According to Hoskinson, if the roadmap for Cardano, spearheaded by Input Output Global (IOG), is successfully completed, ADA could potentially see a significant price surge, with predictions of reaching $3, $5, or even $10 per ADA in the near future.

However, Hoskinson stressed that achieving these price milestones depends on the Cardano community’s active participation and commitment to the roadmap’s objectives. He highlighted that the community’s support in addressing the various challenges and demands of the project will be crucial in realizing this ambitious vision for Cardano.

In previous statements, Hoskinson emphasized that scaling the original roadmap had been completed successfully. He mentioned that IOG is now working on advanced scaling solutions to enhance the network further. However, he also acknowledged that many of these upcoming projects are at risk, with no guaranteed funding in place, which could potentially lead to the departure of IOG from the development of Cardano.

This has fueled some concerns within the Cardano community, especially regarding the scaling of the blockchain and the governance and funding models in place. Community members questioned whether the project could truly be considered “complete” if certain aspects of scaling had not yet been fully delivered. There were also discussions about the model for decentralized decision-making, with Hoskinson criticizing the push for “competitive bids,” as he believes it could disadvantage developers in high-cost Western countries.

Cardano’s Current Market Position

As of now, Cardano is holding steady at the $0.70 price level, with ADA trading at $0.7241, up by more than 3% in the past 24 hours. This price stability comes after a period of volatility, and the token has managed to hold its ground above the $0.70 mark. If ADA manages to maintain its position above this threshold, it could potentially target the next resistance at $0.764, with a further aim of reaching the $1 mark.

However, if ADA fails to sustain its momentum above $0.70, the next key support levels would be at $0.674 and $0.60. These price points are important for traders and investors to watch, as a drop below these levels could signal a bearish trend.

Bitcoin Bridge and Cardano’s Growing Ecosystem

In addition to price predictions, Hoskinson recently introduced that Cardano is developing a Bitcoin bridge and integrating Bitcoin support into Cardano’s Lace wallet. This integration will allow Bitcoin-powered decentralized finance (DeFi) applications to operate on the Cardano network, significantly improving interoperability and expanding the ecosystem.

The addition of Bitcoin support could prove to be a game-changer for Cardano, as it would open the door for more assets to flow into its ecosystem and increase its utility within the DeFi space. The Cardano team has long emphasized the importance of scalability and interoperability, and this development could further strengthen Cardano’s position as a leading blockchain platform.

Grayscale’s Role and the Potential ADA ETF

Another notable development for Cardano is Grayscale’s increased investment in ADA. Grayscale, one of the largest cryptocurrency investment firms, has been steadily increasing its holdings of ADA, signaling growing institutional interest in the asset. The possibility of an ADA-based exchange-traded fund (ETF) has also become more likely, with the odds of its approval increasing from 20% to 55% on Polymarket.

Grayscale had filed for a spot Cardano ETF with the New York Stock Exchange (NYSE), and while the U.S. Securities and Exchange Commission (SEC) has acknowledged the filing, no approval has been granted yet. The SEC is expected to make a decision on the matter by August 2025. The potential approval of an ADA ETF would be a significant milestone for Cardano, offering investors a more accessible and regulated way to gain exposure to ADA.

Looking Ahead

With ongoing developments, growing institutional interest, and potential regulatory approvals on the horizon, the future for Cardano and ADA looks promising. Hoskinson’s bold predictions for ADA’s price are contingent on the successful execution of the IOG roadmap and continued community involvement. Whether or not ADA can reach $3, $5, or even $10 depends largely on how the ecosystem evolves and how Cardano’s various initiatives, such as the Bitcoin bridge and potential ETF, unfold in the coming months.

For now, Cardano is positioned to continue its steady progress, but the next few months will be crucial in determining whether ADA can break through significant price barriers and establish itself as a dominant force in the crypto market.