The CEO of Input Output Global (IOG), Charles Hoskinson, has recently reiterated his stance on the price and value of Cardano (ADA), stating that his focus is on building the project and that he knows nothing about the trend of the cryptocurrency in the market.
In a new YouTube live stream titled “Price and Value”, Hoskinson said even if ADA becomes a cent or ten dollars, his focus will remain on building the technology targeted at making a huge difference globally.
Charles Hoskinson noted:
“Whether ADA is a cent, or it is a dollar, or ten dollars, let me be clear: this is my life’s work. I’m going to keep chipping away at it. I’m going to keep working at it. We are here.”
Hoskinson said he normally receives calls from people whenever the price of Cardano (ADA) appreciates significantly. Howbeit, he disclaimed the notion that he knows what controls the price trend of the digital currency, adding that he does not cherish speculation.
He said instead of speculating, he has chosen to keep on building the project into the desired maturity:
“I don’t know why the price goes up. I don’t know why the price goes down and I don’t want anything to do with base speculation about these particular things. It’s not my job, as a technology company, an engineer scientist to make the price go up.”
The mathematician also stated that the market is clearly unstable and unpredictable due to many factors such as regulation. So, he said he does not know why people speculate on crypto prices.
Meanwhile, the price of Cardano (ADA) has notably appreciated to an all-time of $1.48 recorded on 27th February 2021, compared to March 2020, when it was worth around $0.017. At the time of writing, ADA is trading at $1.21, with about 2% price upsurge in the last 24 hours.