A Cardano enthusiast shared his prediction on the least possible increment in the value of Cardano’s treasury fund. Charles Hoskinson also supported the easiest possible fact.
Cardano is a popular Proof-of-Stake (PoS) crypto network. Input Output Hong Kong Global (IOG) is the backend developer firm behind this crypto network. Charles Hoskinson is the founder & CEO of IOG. Under Hoskinson’s leadership, the Cardano team never promoted Cardano in overhyped ways, unlike other crypto projects. IOG always remains engaged in real-level blockchain development activities around the Cardano ecosystem.
On 17 Feb 2023, A popular Cardano enthusiast X (Formerly Twitter) account @StakeWithPride shared that the IOG is currently holding 1.4 billion ADA coins, the native token of the Cardano blockchain network.
According to him, if the trade price of Cardano hits $3, which is the all-time high of the ADA coin price, then Cardano’s treasury fund wealth will equal $4.5 billion.
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When $ADA was $3, the Cardano treasury was worth ~$1.7B USD.
When $ADA hits $3 next, it'll be worth over $4.5B USD.
A decentralized network state that funds its own destiny. #Cardano https://t.co/ce4gOJdX7v pic.twitter.com/c3VeWUOxva
— St₳kΣ with Pride
(@StakeWithPride) February 16, 2024
In this new bull phase, it is expected that the trade price of ADA coins will surge to $10. However, all these things are only part of the prediction but here we can’t deny the reality of this factor because it is possible for ADA coins to hit $3 easily in this new bull run.
Cardano founder Hoskinson also responded to this fact with a gif emoji.
Following all these social media activity around Cardano treasury funds, the Cardano token investors reacted positively.
The current trade price of the ADA coin is $0.62 & this trade price is 5.8% higher over the last 24 hours.
In the last 8 months, the trade price of this token only surged and also continuously surging. The main credit behind these significant increments in the trade price of ADA coin goes to the practical level development activities around the Cardano blockchain umbrella and Artificial intelligence (AI) inclined crypto project on the Cardano network.
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