Hoskinson’s $10 ADA Call: Cardano Founder Bets Big on Blockchain’s Breakout

Charles Hoskinson just lit a rocket under Cardano—predicting ADA could 10x to hit double digits. The Ethereum co-founder turned Cardano architect isn’t known for modest projections, but this one cuts through the usual crypto hype with a specific price target.

Why now? The network’s recent upgrades finally deliver on its ’academic rigor’ promises—just as institutional money starts sniffing around proof-of-stake chains. Never mind that ADA still trades 80% below its 2021 peak while ’flimsier’ memecoins moon.

Wall Street analysts will groan at another ’crypto guru’ price prediction. But in a market where Dogecoin spawned a thousand shitcoins, $10 ADA almost sounds... conservative?

If ADA holds above $0.70, it could aim for the next resistance at $0.764, and possibly $1. However, a fall below $0.70 could push prices down to $0.674 or $0.60.

Hoskinson also announced that Cardano is working on a Bitcoin bridge and Bitcoin support for its Lace wallet. This will allow Bitcoin-based DeFi apps to work on Cardano, boosting the network’s interoperability. He believes this will make Cardano more attractive to developers and investors.

Another development is Grayscale’s increasing investment in ADA. Grayscale filed for a spot Cardano ETF with the New York Stock Exchange on Feb 11, and the SEC has acknowledged the filing. 

The chance of the ETF getting approved has jumped from 20% to 51% according to Polymarket. A decision is expected by August 2025.

Also Read: Cardano Founder Says Lace Wallet Is Integrating XRP