Hoskinson Explains Why Cardano is Preferred; ADA To Hit An ATH Soon?
Amid broader market optimism, Cardano’s price has shown an impressive surge of late, as evidenced by its recent rise. Additionally, a series of developments by its founder, Charles Hoskinson, have also fueled market optimism.
Why does it reach ATH?
In his latest X post, Hoskinson praised the Cardano community. He explained why people prefer Cardano, as he emphasized that “we have the best community and the best entrepreneurs. It’s a hard road, but it will change the world.” Additionally, he predicted Voltaire ‘s updates will make the ecosystem “the best government ever assembled by man.”
Additionally, Charles Hoskinson’s visit to Elon Musk’s SpaceX office also fueled speculation given Musk’s rising influence in US politics.
Additionally, Hoskinson recently stated that he would support the Trump administration in enacting encryption legislation. He seeks to help the U.S. government develop a clear regulatory framework for digital assets, which have encountered regulatory pressure in the past few years.
Recent comments from Ripple CEO Brad Garlinghouse have also fueled optimism in the market. He said:
“The cryptocurrency industry embraced Trump, Trump embraced the cryptocurrency industry. I think it’s very genuine, I think he sees opportunity, he sees innovation, he sees entrepreneurship, and I feel very excited about the future. excited.”
Garlinghouse highlighted that U.S.-related cryptoassets such as XRP, SOL, and ADA have outperformed other tokens due to the expected easing of regulatory pressure. He noted that expectations of the Trump administration’s pro-cryptocurrency policy fueled the rally.
In addition, Ali Martinez, a well-known cryptocurrency market analyst, recently stated that Cardano price is expected to reach $6 in 2025, further fueling expectations that ADA may rise to a new ATH.
The first zkApp launched on Cardano Midnight Sidechain
The latest development, the first zero-knowledge application (zkApp) was launched on the Cardano Midnight side chain, which excited the community and founder Charles Hoskinson as well as. This innovation is the result of a collaboration between Midnight and Paima Studios.
Paima Studios co-founder Sebastien Guillemot announced the launch of zkApp on X. The partnership is centered around simplifying the development of multi-stack decentralized applications (dApps) and enabling developers to take advantage of different platforms. The blockchain ecosystem is seamlessly connected.
