Cardano (ADA): A Doomed Crypto?

Mike Alfred is known to be a Bitcoin maximalist and a strong critic of Cardano (ADA). Recently, he made a post on Twitter to mock Cardano. According to some analysts, this publication would hide a coded message on the value of Cardano (ADA).

ADA price could stay around $0.45 for 15 years

As usual, Mike Alfred recently mocked the Cardano (ADA) blockchain on Twitter. He referred to the key $0.45 support that ADA price has been hovering around since July 2022. He declared : “Cardano has been bouncing around 45 cents for months. It seems to have found a permanent home at this level. The good news is that if it can sustain itself here for the next 15 years, that should give the protocol plenty of time to grow into its oversized valuation. It may be wishful thinking. »

ADA rose 23% from $0.45 on July 18 to $0.548 on July 20. It then recorded a 21% rise between July 26 and July 30, from $0.45 to $0.555. Then, it moved from $0.453 on September 7 to $0.524 on September 10. But, it has seen a drop lately, dropping to $0.454 on September 16, and since then it has been trying to bounce back. But, the price of the cryptocurrency is currently hovering around $0.43.

Despite its numerous attempts to rebound, Cardano (ADA) recently fell below its key support of $0.45. But, Charles Hoskinson, creator of Cardano, remains convinced that the cryptocurrency “has never been so strong“. At the same time, Cardano (ADA) is ready to welcome the hard forkVasil September 22.

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