SongMarketCap founder Jure Karamarko has proposed two major changes that he believes could ultimately help $ADA climb above $5.
In a recent commentary, Karamarko urged Cardano founder Charles Hoskinson to immediately register as a Delegate Representative (DRep) under Cardano’s decentralized governance framework. In addition, he called on a major company, a venture capital firm, or an influential investor to purchase 1 billion $ADA at current market prices and to register as a DRep.
Experienced Business Leaders Could Drive Growth
Karamarko argued that Cardano would benefit from greater participation by experienced business leaders in its governance process. According to him, executives with proven records of building companies, managing teams, and scaling businesses would provide stronger leadership while attracting fresh capital to the ecosystem.
At the same time, he criticized some existing DReps, suggesting that individuals without practical experience in growing successful businesses should not wield significant influence over the future of a multi-billion-dollar blockchain network.
“The moment experienced business leaders begin shaping Cardano’s future will be the moment we start moving beyond $5,” Karamarko stated.
Proposal Aligns With Cardano’s Governance Evolution
Karamarko’s comments come as Cardano continues to expand its governance model through the Voltaire era, which allows $ADA holders to influence ecosystem decisions by delegating their voting power to DReps.
Meanwhile, Hoskinson has already expressed his intention to become a DRep through the creation of a political party within the Cardano ecosystem. More recently, he urged the community to support the initiative, promising to eliminate growing cynicism and pessimism surrounding the network if he receives sufficient backing.
Community Divided Over Institutional Participation
Karamarko’s proposal has generated mixed reactions across the Cardano community.
Supporters believe that increased participation from established companies, institutional investors, and venture capital firms could strengthen governance while attracting more institutional funding. They also note that Cardano has historically secured less venture capital investment than competing blockchain networks such as Ethereum and Solana.
However, critics argue that greater VC involvement could introduce conflicts of interest, as large investors might prioritize decisions that maximize their financial returns rather than benefit the broader Cardano ecosystem. Others have also questioned whether existing ecosystem organizations have demonstrated sufficient leadership during recent governance disputes.
How Far Is $ADA From the $5 Target?
Despite the ambitious proposal, $ADA remains well below the suggested price target. The cryptocurrency currently trades around $0.1626, far below the $5 milestone.
Notably, $ADA has never reached $5 since its launch. Achieving that level would establish a new all-time high and require a gain of approximately 2,975% from its current price.
While Karamarko believes stronger governance and institutional participation could improve Cardano’s long-term prospects, reaching that milestone would likely depend on broader market conditions, sustained network adoption, and continued ecosystem growth.
