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Cardano Founder Charles Hoskinson has shared focus areas for the community as to what to expect from Input Output Global (IOG) next year. Charles Hoskinson highlighted Bitcoin DeFi through his official X account as the first task to address. While the list is not chronological, the protocol’s focus on Bitcoin is considered one of its biggest agendas for the coming year.
Cardano eyes mainstream partnership
The Cardano founder highlighted the protocol’s other focus, including Midnight and Partnerchains. All year long, the Cardano ecosystem has focused on developing the Midnight Network, a protocol it believes is essential to restoring privacy-centric innovation in Web3.
Tomiwabold OlajideIn addition, Cardano has highlighted its complete focus on Partnerchains as a means of expanding the blockchain ecosystem further. One of the protocols it attempted to woo as a partnerchain is Algorand. While there has been no confirmation of a partnership in recent months, the possibilities remain open in 2025.
Charles Hoskinson and Ripple CTO David Schwartz have also recently discussed Midnight Network and XRP. Many in the community speculate that a potential partnership might be in the works.
Meanwhile, Cardano also plans to focus on all the dApp upgrades, Midgard and what Charles Hoskinson said is some extra magic called "the fire rises."
ADA price: Bottom line
Amid the planned upgrade, the community is also partly focused on the impact on the price of ADA, the blockchain’s native token.
Gamza KhanzadaevAt the time of writing, the coin was changing hands for $0.8567, down by 2.11% in the past 24 hours. Cardano’s price drawdown is not a function of lack of utility or liquidity; it is based on its correlation with Bitcoin.
Overall, the planned upgrades are poised to enhance the attractiveness of Cardano as a protocol, fuel the adoption of ADA, and set the pace for price growth in the long term. In the short term, ADA price has the historical backing to reclaim $1.20 in the coming weeks.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Alex Dovbnya
Dan Burgin
Vladislav Sopov