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Cardano figure floats case for ADA above $5, with big investors seen as key

A Cardano ecosystem figure has outlined conditions he says are needed to lift ADA above $5, including founder Charles Hoskinson taking part directly in governance and a major investor buying 1 billion ADA and registering as a DRep. The proposal has drawn mixed reactions, with supporters citing stronger decision-making and possible institutional inflows, while critics warn of conflicts of interest. ADA trades around $0.1626, far below $5.