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.
Cardano Founder Charles Hoskinson Suggests ADA Could be Worth $10
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:
“Whether ADA is a cent, or it is a dollar or ten dollars, let me be clear: this is my life’s work. I’m going to keep chipping away at it. I’m going to keep working at it. We are here.”
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.
Trading Price And Token Legitimacy
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:
“I don’t know why the price goes up. I don’t know why the price goes down and I don’t want anything to do with base speculation about these particular things. It’s not my job, as a technology company, an engineer scientist to make the price go up.”
Moreover, he revealed that the market is still not stable and lacks predictability.