Cardano in Crisis: ADA Price Swings as Founder Drama Ignites Market Turmoil

Chaos or opportunity? Cardano’s ADA faces volatility after public spat between founders shakes investor confidence.

When crypto’s brightest minds turn on each other, traders grab popcorn—and stop-loss orders. The latest founder feud sends ADA on a rollercoaster, proving once again that in blockchain, the real smart contracts are the enemies we make along the way.

Technical analysis takes a backseat to Twitter drama as the ’Ethereum killer’ wrestles with its own leadership. Will this be the catalyst for a breakout—or just another entry in crypto’s hall of shame?

The founder of cardano denied these accusations and took aim at Optim Finance, whose native asset O plummeted from $0.29 to $0.18 – a 38% loss – in late May after Hoskinson cut ties with this DeFi project.

Ecosystem growth has been a weak spot of the Cardano network for years. Despite ADA’s rank as the 10th most valuable token in the crypto market, its DeFi ecosystem is quite small compared to its closest rivals like solana and even Sui.

Hoskinson’s hostile response to Alexander’s allegations was not welcomed by the Cardano community as it was deemed detrimental to the relationship between the project and its ecosystem developers.

Cardano Price Prediction: ADA Could Drop to $0.50 After Trend Line Break

Cardano has been dropping for 7 days in a row. The market’s latest pullback along with this project-specific matter may have prompted a strong decline in its price.

During this period, ADA has shed 12.8% of its value while its year-to-date losses currently stand at nearly 21%.

The daily price chart shows a bearish breakout of ADA’s descending price channel that could result in further losses.

Cardano’s recent break below key support could signal a bearish turn. While a short-term bounce to retest the former trendline from below is possible, the current technical setup suggests a likely retreat toward the $0.50 mark in the coming weeks — forming a more cautious Cardano price prediction for now.

In contrast, Solana continues to dominate as a go-to ecosystem for DeFi growth.

Solaxy (SOLX), a cutting-edge Layer 2 scaling solution built on Solana, has rapidly become one of the hottest crypto presales of the year. With its mission to streamline network efficiency and reduce congestion, SOLX is positioning itself as a key player in the next wave of decentralized innovation.

Solaxy (SOLX) Enters the Last Days of Its Presale – Don’t Miss Your Chance to Invest

Solaxy (SOLX) has been designed to eliminate the congestion issues that have negatively impacted Solana’s operational efficiency in the past.

The project achieves this through the launch of a side chain that bundles transactions offline to alleviate the mainnet’s burden during peak usage periods.

The developing team has already made significant progress in the deployment of this L2. Thus far, they have launched a testnet, a token bridge, and an L2 block explorer that investors can check in real time to assess the performance of this solution.

As the utility token of this solution, $SOLX will experience high demand once Solaxy is widely adopted by top exchanges and wallets.

To buy $SOLX at its discounted presale price, head to the Solaxy website and connect your wallet (e.g. Best Wallet). You can either swap SOL and USDT or use a bank card to make your investment.