Cardano Price Prediction: Hoskinson Uses Monero’s Collapse to Prove ADA Is the Safest Bet in Crypto

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.

Qubic has reached over 51% of Monero's hashrate, effectively giving it control of the network.

Qubic chose not to launch the takeover yet, proving a powerful theory by action.

But this story isn’t over yet. What's next for Qubic and the future of PoW chains?

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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.

This is another reason we built minotaur for Midnight. Multi-resource consensus ensures checks and balances for the consensus providers using different resources from work to stake. Thus no one attack can take over the network https://t.co/NluXl1vxrP

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.

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.

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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.

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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.

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