Author
Simon Chandler
Author
Simon Chandler
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The Cardano price has edged lower this morning, dropping to $0.5984 after Charles Hoskinson threatened to retire if validators don’t approve his plans to overhaul the ADA treasury.
ADA is now down by 12% in a week and by 18% in the past month, although the altcoin – the 11th-biggest coin in the market – retains a decent 54% increase in the past year.
Yet Hoskinson’s threat of retirement casts an ominous shadow over Cardano, with the potential withdrawal of its founder likely to rob the platform of future dynamism and development.
However, Hoskinson hasn’t confirmed his withdrawal (if it’s ever going to happen) just yet, with Cardano’s fundamentals continuing to provide ADA with a very positive long-term price prediction.
Cardano Price Prediction: Hoskinson Threatens to Retire If $1 Billion Treasury Overhaul Fails
Speaking via his YouTube channel this week, Hoskinson reiterated a plan he had formulated in the previous week, which involves divesting a portion of the 1.7 billion ADA treasury and putting it into assets that aren’t Cardano.
This would include Bitcoin, stablecoins and cash, with profits reinvested in either ADA itself or further investments at a later date.
Hoskinson appeared frustrated in the video at times, and even confessed to being “tired,” before suggesting that if this plan goes to a governance vote and is rejected, he’ll conclude that he doesn’t “provide value to the ecosystem” and will therefore “simply retire.”
There are currently no formal plans to hold a vote on the proposals, but it’s possible that such plans may emerge during the Rare Evo conference in August.
The Cardano price has reacted negatively to Hoskinson’s threat, falling by nearly 9% since he posted his video on Monday.
And if we look at its chart today, we see that ADA remains in an oversold position, with its indicators continuing to show weakness, while also promising rebounds.
Its RSI (purple) has dropped to 30 again after spending most of the year-to-date below 50, while its MACD (orange/blue) has sunk below the baseline.
Based on such factors, we would expect the Cardano price to bounce back in the coming days or weeks, although the ongoing Israel-Iran conflict may delay things.
It could return to $1 by August if the market gets back on track, while positive fundamental news – such as the adoption of Hoskinson’s proposal – could see ADA reach $2 by Q4 and $3 by the end of the year.
Solaxy Raises $54.7 Million As It Prepares for Launch of Solana Layer-Two Network
If Cardano’s growth is a little too steady for some traders, they may prefer to invest in newer tokens, which can show more volatility.
This is often the case for presale coins, which in generating momentum during their sales can then rally strongly they list for the first time.
Probably the most hotly anticipated presale coin of 2025 is Solaxy (SOLX), a Solana-based token which will go live in four days.
Impressively, Solaxy has raised more than $54 million in its presale, with investors excited by its plan to launch a layer-two network for Solana.
As an L2, Solaxy will provide Solana users with lower transaction fees and faster confirmation times, will also helping them avoid the delays and dropped transactions that can still impact Solana during peak traffic.
Solaxy is aiming to become an important hub for meme tokens and DeFi, with the platform launching its own DEX and token launchpad soon after its mainnet goes live.
This makes its fundamentals strong from the off, with the size of its community – including 74,000 followers on X – suggesting that it will have strong support going forwards.
While it list in only four days, investors can still buy it early by going to the Solaxy website, where it costs $0.001766.
