Charles Hoskinson, the founder of the Cardano network, believes that a significant price rally for ADA could address the ongoing skepticism surrounding the project.
The Cardano blockchain has faced criticism due to ADA's poor price performance, with the token struggling to break the $1 barrier since April 2022.
Hoskinson defends Cardano's progress and potential, highlighting the new governance structure and ongoing development as catalysts for adoption and growth.
Market analysts speculate on potential catalysts for an ADA price surge, with forecasts ranging from reaching $0.5 by the end of October to $5 if Bitcoin breaks above $100,000.