Charles Hoskinson predicts a strong increase in Cardano’s price.

Charles Hoskinson recently expressed his urgent need for significant funding approval within the Cardano ecosystem to ensure its sustained growth and development. During a livestream, he emphasized the importance of the community supporting a proposed budget package that could shape the future of the network and potentially influence the price trajectory of ADA.

The proposed funding would secure Input Output Global (IOG)’s leadership role in steering Cardano’s growth, which involves supporting a team of over 150 engineers and crucial research efforts essential for the network’s advancement. Hoskinson cautioned that without this funding, there is a risk of fragmentation within the blockchain and a slowdown in innovation.

Hoskinson highlighted that continued investment could lead to a significant expansion of the ecosystem and potentially drive ADA’s price to reach between $3 and $10. The proposed budget aims to facilitate the development of scaling technologies such as state channels, roll-ups, interoperability improvements, and projects like the Mithril light client to position Cardano competitively in the blockchain landscape.

The Cardano treasury currently holds around 1.7 billion ADA, with a spending cap of 350 million ADA established earlier this year. The elected Decentralized Representatives (DReps) must decide whether to allocate funds to support the complete IOG roadmap, or alternatively, to invest in smaller collectives like Pragma, TXPipe, or DC Spark, risking the potential dilution of the project’s momentum.

Hoskinson addressed concerns about centralization by arguing that decentralization does not imply rejecting leadership but rather empowering communities with the authority to appoint and replace project stewards. He emphasized that failing to act decisively could lead to the loss of one of the crypto industry’s strongest technical teams at a critical juncture.

In the event of the funding proposal being rejected or substantially modified, Hoskinson hinted at IOG gradually redirecting its focus after the completion of the upcoming Leios upgrade toward ventures like the Midnight privacy chain. ADA holders face a pivotal decision between investing in the existing vision and leadership or accepting a slower, fragmented future for the network.