Input Output Global (IOG) founder, Charles Hoskinson, claims that at least 100 companies are ‘in the pipeline’ of migrating to the Cardano (ADA) blockchain. In an with Bloomberg, he discussed the growing popularity and price surge of the ADA.
Hoskinson claims that Cardano has been on a roll since the beginning of the year as it recorded over 450% YTD gains. The asset also marked a new all-time high of about $1.5 a few weeks ago. Even though he does not know why the surge happened, Hoskinson says he feels grateful for the result.
In the interview, Hoskinson speaks about the delay in the development of the blockchain. He emphasized that the delay was crucial for Cardano to produce an end-product that can satisfy needs better. He further claimed that the blockchain’s end product would be better than running stablecoins or DeFi projects. He said: