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Charles Hoskinson says he is not responsible for Cardano adoption amid ADA price struggles.

Market News
01 Oct 2026
Blockonomi
View Source
Neutral
Charles Hoskinson says he is not responsible for Cardano adoption amid ADA price struggles.

Charles Hoskinson, founder of Cardano, clarified he is not responsible for driving Cardano adoption, emphasizing that the network operates in a decentralized manner and he leads IOG, the company behind its development, not the network itself. ADA's price remains low, trading around $0.2491, about 92% below its 2021 peak, causing some investors to question their holdings. Despite this, development projects like Ouroboros Leios and RealFi continue, and Petrobras is testing Cardano for tracking sustainable aviation fuel claims, though large-scale adoption data is not yet available. Hoskinson remains optimistic about ADA's future, predicting it could re-enter the top ten cryptocurrencies by market value by the end of 2026.

As Cardano's founder Charles Hoskinson distances himself from adoption responsibilities, ADA's trading activity on Pluang shows a slight positive movement. As of Oct 01, 2026 18:01 WIB, ADA trades at Rp4.444 with a modest 0.18% increase over the day. The market cap stands at Rp162,06 trillion, with a 24-hour trading volume of Rp10,49 trillion, reflecting steady interest among Pluang users who hold ADA for an average of 126 days.

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