In a recent live stream, Charles Hoskinson, Cardano’S CEO, said that 1 ADA token could be worth 10 dollars in the future.
He did say he is against price prediction.
Hoskinson said he doesn’t care how high the price of 1 ADA token is or will be. Cardano is his life’s work, and he will always work on it.
“Whether ADA is worth 1 cent, or 1 dollar, or 10 dollars, let me be clear: this is my life’s work. I’ll keep working on it. We’re staying here.”
In March 2020, 1 ADA token was worth only $0.018. Now, a little over a year ago, the Cardano price is around $1.21. That means that in just over a year, the price has increased by an incredible 6,700 percent.
Despite these great price performances, Hoskinson doesn’t value it too much. However, he said that the token price should not be linked to his legitimacy level and added that it is not his job to raise the price. Instead, he chooses to focus on the technical possibilities of the project:
“I don’t know why the price is going up. I don’t know why the price is falling, and I don’t want to have anything to do with speculation about these particular things. It’s not my job as an engineer-scientist to get the price up.”
Although the CEO says he doesn’t care that much about price, the future seems to have a lot of beauty in store for Cardano investors. A deal with Ethiopia will probably be announced next week, and smart contracts can be placed on the Cardano network at the end of April.