Charles Hoskinson says that short-term price swings caused by speculation are not a concern for ADA.
Instead, he believes Cardano has long-term strength and remains confident in a Bullish Cardano price prediction.
He also warned that 99% of altcoins fail over time, but Cardano is part of the 1% that has survived and surpassed a market capitalization of $10 billion over the last decade.
These comments come to combat the rumors that ADA has failed to impress this cycle. Even in the post-halving bull phase of its four-year historical cycle, it is still trading 85% below its 2021 all-time high of $3.10.
In a recent podcast, Hoskinson attributed this weak performance to the enormous influence of macroeconomic events on the cryptocurrency market.
A headwind that is now dissipating as the US Federal Reserve makes a decision significant policy change, end quantitative tightening (QT) along with a $13.5 billion liquidity boost for banks.
With liquidity entering the market and hopes of an interest rate drop in December to stimulate risk appetite, speculative assets like ADA will see new demand in 2026.
Cardano Price Prediction: ADA May Survive, But Will It Prosper?
This week may have set the stage for a breakout, with a second bounce from $0.387 forming a double bottom reversal structure.
This could be the fuel needed to escape the descending channel that has kept it in a controlled consolidation for the past year.
Momentum Indicators encourage an increase. The RSI has seen a strong rebound from the oversold threshold of 30, while the MACD extends its lead above the signal line. Both indicators show that a new bullish trend is brewing.
The double bottom could reverse the November collapse with a target around $0.60, reclaiming the support that has gilded the lows during the consolidation at $0.50.
With this higher and firmer support, a successful breakout could see the upside extend to cycle highs and new price discovery. aiming for a 300% move to $1.80.
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The post Cardano Price Prediction: Hoskinson Says 99% of Cryptocurrencies Will Die, But ADA May Be One of the Last Coins Standing appeared first on Criptonoticias.
