Input Output Global (IOG) founder, Charles Hoskinson, claims that at least 100 companies are ‘in the pipeline’ of migrating to the Cardano (ADA) blockchain. In an interview with Bloomberg, he discussed the growing popularity and price surge of the ADA.
Hoskinson claims that Cardano has been on a roll since the beginning of the year as it recorded over 450% YTD gains. The asset also marked a new all-time high of about $1.5 a few weeks ago. Even though he does not know why the surge happened, Hoskinson says he feels grateful for the result.
In the interview, Hoskinson speaks about the delay in the development of the blockchain. He emphasized that the delay was crucial for Cardano to produce an end-product that can satisfy needs better. He further claimed that the blockchain’s end product would be better than running stablecoins or DeFi projects. He said:
“We did it right, but it meant we were one of the last ones to get to market. My goal is to run countries on this blockchain. I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes, and it goes, like Pet Rocks and Beanie Babies.”
Ethereum, the technology behind most of the ongoing DeFi and NFT mania, has been quite recently clogged, which has caused very high transaction fees. Although there are no real visible solutions yet, Ethereum 2.0 hopes to resolve those issues.
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