The founder of Cardano, Charles Hoskinson, has responded to growing investor concerns regarding the significant decline in the price of ADA. In a recent YouTube Q&A session, Hoskinson clarified that he has never guaranteed an increase in ADA’s value or claimed that Cardano would outpace Bitcoin in performance.

Clarifying Expectations

During the session, Hoskinson noted that some investors seem to expect him to make direct price predictions for ADA. He underscored his belief in Cardano’s long-term potential but cautioned that such expectations should not be misconstrued as definitive forecasts for price increases.

In his own words, Hoskinson asserted, “I never made such a promise. I said I would very much like it to happen, and for various reasons I believe Cardano is a better store of value than Bitcoin. I’m not promising a price increase or a shift in the balance. I’m just saying it’s absolutely possible.”

Development Progress and Future Prospects

Hoskinson also addressed cardano’s development, stating that the project has successfully implemented its initially set roadmap. He emphasized that the core components he committed to building have now been completed, allowing the network to function independently of his oversight.

This achievement in meeting technical goals and establishing decentralized governance serves as a significant milestone for Cardano, according to Hoskinson. However, he also pointed out that such technical advancements do not guarantee an increase in ADA’s market price.

Current Market Conditions

These remarks come amidst troubling market conditions for ADA. Currently, the cryptocurrency is trading at approximately $0.17, marking a drop of more than 94% from its all-time high recorded in 2021. Additionally, it has experienced an approximate loss of 86% compared to the peak value reached in 2024.

This content is not intended as investment advice.