Charles Hoskinson, the founder of Cardano, has recently mentioned that Cardano ADA could rally past $10. However, Hoskinson has also clarified that he is not in favor of hypothesizing on the performance of the token.
Claiming that he does not really care about the trading price at which ADA is being traded in the market, Charles Hoskinson released a statement during his YouTube live stream that reads:
ADA touched its all-time high of $1.48 on February 27, and since then, it hasn’t even come near to that price level. As of the ending of March month, ADA is trading near $0.018 around 8,000 percent low from its all-time high.
Though the price of the token is way too low from its all-time high, in accordance with the statement released by the Founder of Cardano, it should not be compared with the legitimacy of the token.
Charles mentioned that the current market price at which the token is being traded in the market should not be conferred to the level of authority. In addition to this, he said that making the price go up or down is not his job.
Instead of playing with the prices, he revealed that his job is to focus on the technical abilities of the project. He said:
Moreover, he revealed that the market is still not stable and lacks predictability.