Cardano Price Prediction: Governance War Erupts as Hoskinson Defends IOG – What Happens to ADA Now?

Key Points

1. A governance dispute has emerged in Cardano, with a key supporter ("Cardano Whale") planning to vote "No" on all proposals from Input Output, citing lack of ecosystem growth.

2. Cardano's TVL is $366 million, significantly lower than Ethereum's $81 billion and Solana's $10 billion, reflecting limited DeFi and meme coin traction.

3. Charles Hoskinson defended Input Output's spending as relatively small and criticized the "No" vote decision as emotional.

4. ADA's price dropped 2.2% in 24 hours but has gained 15.2% over the past week, with predictions suggesting a potential rise to $1.18 after a brief pullback.

5. Best Wallet (BEST) raised $14M for its multi-chain crypto wallet, featuring a DEX and debit card functionality, with high demand expected for its token.