Cardano Price Forecast: Hoskinson Cites Monero’s Decline to Demonstrate ADA as the Most Secure Investment in Cryptocurrency

Charles Hoskinson, the founder of Cardano, has rekindled optimistic sentiment with a fresh price forecast for Cardano, citing Monero’s recent crisis as a cautionary tale for the entire cryptocurrency sector.

Just a day ago, the Qubic team announced that they had gained control of over 51% of Monero’s hashrate – an action that highlights the weaknesses of privacy tokens and underscores the necessity for decentralized, secure alternatives such as Cardano.

Qubic has attained over 51% of Monero’s hashrate, effectively granting it control over the network.
Qubic opted not to initiate the takeover yet, demonstrating a significant theory through their actions.
However, this narrative is not concluded. What lies ahead for Qubic and the future of PoW chains?
Article below pic.twitter.com/JqQNqpy95j

— Qubic (@_Qubic_) August 12, 2025

This enabled Qubic to circumvent consensus, marginalize competing nodes, and obstruct their participation in the network’s transaction validation, thereby gaining complete control over the blockchain’s transaction history.

While Qubic asserted that their actions aimed to expose the vulnerabilities of the Monero network and were not driven by malicious intent, they nonetheless caused a significant decline in the price of XMR.

This is another reason we developed Minotaur for Midnight. Multi-resource consensus guarantees checks and balances for the consensus providers utilizing various resources from work to stake. Therefore, no single attack can dominate the network https://t.co/NluXl1vxrP

— Charles Hoskinson (@IOHK_Charles) August 12, 2025

Hoskinson leveraged this event to illustrate why Midnight, Cardano’s fourth-generation privacy-focused blockchain, surpasses Monero, highlighting a specific feature called Minotaur as a crucial defense against such attacks.

These remarks appear to have resonated with the community, contributing to an enhanced baseline price prediction for Cardano, as ADA has risen by nearly 14% in the last 24 hours, with trading volumes more than doubling during this timeframe.

Cardano Price Prediction: ADA Could Achieve 300% Gain If This Occurs

Examining the daily chart, ADA has encountered a significant resistance today as it approaches $0.90.

The token has been forming a symmetrical triangle for several months and could yield gains exceeding 300% if it surpasses this critical level.

The price has risen above the 200-day exponential moving average (EMA), confirming that ADA is in an upward trend, while the Relative Strength Index (RSI) has moved above the 14-day moving average.

A preliminary bullish price prediction for Cardano could be set at $1.30 – ADA’s latest swing high – and potentially around $4 per token following the launch of Midnight and as the Cardano ecosystem continues to expand.

This project primarily focuses on real-world blockchain applications. As the global community increasingly adopts decentralized ledgers for various uses beyond finance, the Cardano network has already demonstrated its capability as a reliable alternative for developing these applications.

As major cryptocurrencies like Cardano approach new all-time highs, secure storage becomes increasingly crucial.

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Best Wallet (BEST) Raises Over $14M as It Transforms How Crypto Is Stored and Traded

Best Wallet (BEST) is rapidly gaining traction as one of the most discussed presales of the year — and for good reason.

With support for over 60 blockchains, nearly zero swap fees, and powerful tools integrated directly into the app, it’s more than just a wallet; it’s a comprehensive gateway to the crypto landscape.

Over $14 million has already been invested by early supporters who recognize the potential for Best Wallet to become the preferred option for storing and expanding crypto portfolios — all within a secure, user-friendly platform.

The team behind Best Wallet has ambitious plans, with a roadmap that includes launching its own decentralized exchange (DEX) and even a crypto-powered debit card for everyday transactions.

However, what truly distinguishes Best Wallet is its exclusive ‘Upcoming Tokens’ feature, which provides users with early access to some of the most promising new crypto presales before they gain mainstream attention.

As more users flock to the app, the demand for its native token $BEST is anticipated to surge, as it unlocks valuable benefits such as reduced fees and priority access to new tools and releases.

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