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Charles Hoskinson Believes ADA Price Rally Could Address Cardano Skepticism

  • 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.

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