Charles Hoskinson says 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 grown past a $10 billion market cap over the past decade.
These comments come to combat chatter that ADA has failed to impress this cycle. Even in the post-halving bullish phase in its historical four-year cycle, it still trades 85% below its 2021 all-time high of $3.10.
In a recent podcast, Hoskinson blamed this weak performance on the outsized influence of macroeconomic events on the crypto market.
A headwind that is now clearing as the U.S. Fed makes a significant policy shift, ending quantitative tightening (QT) alongside a $13.5 billion liquidity boost for banks.
With liquidity entering the market and hopes of a December interest rate ease to stimulate risk appetite, speculative assets like ADA stand to see new demand into 2026.
Cardano Price Prediction: ADA May Survive, But Can it Thrive?
This week may have laid the groundwork for a breakout push, with a second bounce from $0.387 forming a double bottom reversal structure.
This could be the fuel needed for an escape from the descending channel that has kept it in controlled consolidation over the past year.
ADA / USD 1-day chart, descending channel. Source: TradingView.
Momentum indicators favor a rise. The RSI has made a sharp bounce from the 30 oversold threshold, while the MACD widens its lead above the signal line. Both indicators show a new uptrend taking shape.
The double bottom stands to reverse the November breakdown with a target around $0.60, reclaiming the support that has gilded lows through the consolidation at $0.50.
With this higher and firmer support, a successful breakout could see upside extend to cycle highs and into new price discovery, targeting a 300% move to $1.80.
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The post Cardano Price Prediction: Hoskinson Says 99% of Cryptos Will Die – But ADA May Be One of the Last Coins Standing appeared first on Cryptonews.
