Cardano founder Charles Hoskinson has reignited bullish sentiment with a new Cardano price prediction, using Monero’s latest crisis as a warning for the entire crypto space.
Just 24 hours ago, the team behind Qubic revealed they had taken control of over 51% of Monero’s hashrate – a move that exposes the vulnerability of privacy tokens and reinforces the need for decentralized, secure alternatives like Cardano.
This gave Qubic the capacity to bypass consensus, sideline competing nodes and prevent them from participating in the network’s transaction validation process, and take full control of the blockchain’s transaction history.
Although Qubic emphasized that they did this to reveal the Monero network’s flaws and have no malicious intentions, they still triggered a steep drop in the price of XMR as a result of their actions.
Hoskinson used this incident to highlight why Midnight, Cardano’s fourth-generation privacy-centered blockchain, is superior to Monero and mentioned a specific feature called Minotaur as the necessary safeguard to prevent this kind of attack.
These comments seem to have resonated with the community and seem to have improved the market’s baseline Cardano price prediction as ADA has gone up by nearly 14% in the past 24 hours while trading volumes have more than doubled during this period.
Cardano Price Prediction: ADA Could Deliver 300% Gain If This Happens
Looking at the daily chart, ADA has hit a key resistance today as it moves near $0.90.
The token has been forming a symmetrical triangle for months and could deliver gains of more than 300% if it breaks above this key level.
The price has moved above the 200-day exponential moving average (EMA), confirming that ADA is on an uptrend, while the Relative Strength Index (RSI) has climbed above the 14-day moving average.
We could set a first bullish Cardano price prediction of $1.30 – ADA’s most recent swing high – and then to around $4 per token following the launch of Midnight and as the Cardano ecosystem continues to grow.
This project’s focus is on real-world blockchain applications primarily. As the world continues to embrace decentralized ledgers for multiple applications beyond just finance, the Cardano network has already proven that it can be a reliable alternative to develop these programs.
As major cryptos like Cardano edge closer to new all-time highs, secure storage is more important than ever.
That’s where Best Wallet (BEST) comes in – one of this year’s fastest-growing crypto presales, offering multichain support, ultra-low swap fees, and a powerful feature set built for both beginners and pros.
Best Wallet (BEST) Raises Over $14M as It Reinvents How Crypto Is Stored and Traded
Best Wallet (BEST) is quickly gaining momentum as one of the most talked-about presales of the year — and for good reason.
With support for over 60 blockchains, near-zero swap fees, and powerful tools built directly into the app, it’s not just a wallet, it’s a full-featured gateway to the crypto world.
More than $14 million has already poured in from early backers who see the potential for Best Wallet to become the default choice for storing and growing crypto portfolios — all in one secure, user-friendly platform.
The team behind Best Wallet has big plans, with a roadmap that includes launching its own decentralized exchange (DEX) and even a crypto-powered debit card for everyday spending.
But what really sets Best Wallet apart is its exclusive ‘Upcoming Tokens’ feature, which gives users early access to some of the most promising new crypto presales before they go mainstream.
As more users flock to the app, demand for its native token $BEST is expected to surge, since it unlocks valuable perks like lower fees and priority access to new tools and releases.
To buy $BEST, simply head to the Best Wallet website and connect your wallet (such as Best Wallet).
You can either swap crypto or use a bank card to invest in seconds.
Click Here to Participate in the Presale
The post Cardano Price Prediction: Hoskinson Uses Monero’s Collapse to Prove ADA Is the Safest Bet in Crypto appeared first on Cryptonews.
