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.
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.
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