$ADA is heading to $15, says Hoskinson, Cardano network could easily beat Solana with major update

Charles Hoskinson explains that the Cardano network is more likely to surpass the Solana network in terms of speed, but it requires new upgrades.

Charles Hoskinson is a well-known cryptocurrency entrepreneur who is recognized for his contributions to the Ethereum project in 2013. After Ethereum, he started working on Cardano, a blockchain network that was launched in 2017. Cardano is currently the biggest competitor to Solana and Ethereum in terms of adoption and stability.

On September 16, 2024, Hoskinson discussed improvements to the Cardano network, saying that the “Leios upgrade” would make Cardano faster than the Solana blockchain without sacrificing its decentralized nature.

He indirectly claimed that the Cardano blockchain will soon surpass Solana in terms of speed, while also criticizing Solana’s decentralization.

This upgrade is the second major update since the Chang hard fork in early September.

Hoskinson compared the “Cardano Rust Node” to the Leios upgrade. The Rust node was used to build wallet applications and enhance interactions with the Cardano network. Hoskinson noted that while the Rust node was useful, the Leios upgrade would provide much more by significantly increasing the network’s transaction throughput.

Hoskinson believes the Leios upgrade could launch in Q4 2024.

Some Crypto X users have expressed disappointment, questioning why the Cardano founders did not highlight the importance of the Leios upgrade sooner.

Recently, a crypto analyst shared his predictions for Cardano’s native token, ADA. According to his analysis, ADA is currently in the third phase of its price cycle, where the price could rise from $0.33 (at the time of writing) to $15. This surge is expected to occur in 2026-2027.