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This Industry Leader Predicts Cardano (ADA) Is Going to $0

1 min
Updated by Ali M.
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In Brief

  • Bitcoin enthusiast Max Keiser predicts a bleak future for Cardano (ADA), claiming it is heading to zero.
  • Keiser, known for his anti-altcoin stance, has criticized various altcoins including SOL, ETH, and BNB.
  • Despite Keiser's negative comments, Cardano shows signs of strong price-action in the lower timeframe.
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Max Keiser, a renowned Bitcoin enthusiast and advisor to El Salvador’s President Nayib Bukele, has forecasted a grim future for Cardano (ADA). According to him, ADA is on a downward trajectory to zero.

This statement, especially from a figure deeply embedded in the crypto industry, has sparked widespread debate among community members.

Max Keiser Maintains His Anti-Altcoin Stance

Keiser, a staunch Bitcoin supporter and altcoins skeptic, recently criticized ADA. He harshly targeted Charles Hoskinson, Cardano’s founder, using derogatory terms against him and his project. He has also disparaged Solana (SOL), especially after a major network outage, and labeled it “centralized garbage.

Keiser has long been skeptical of altcoins. He has scrutinized many, including XRP, Ethereum (ETH), BNB, and Avalanche (AVAX), questioning their security and decentralization.

Despite Keiser’s comments about ADA going to zero, Cardano has shown signs of strong price action. It recently broke above the 200 simple moving average on the 4-hour chart for the first time in weeks.

This development has sparked optimism among ADA supporters, with crypto analyst Sebastian suggesting that if ADA manages to sustain this momentum, a rise to $0.55 could be imminent.

“ADA will most likely see a retest of the $0.55 resistance area today. This will be a critical point and will determine if ADA can go higher,” he explained.

Read more: Cardano (ADA) Price Prediction 2024/2025/2030

Cardano ADA Price Performance
Cardano (ADA) Price Performance. Source: TradingView

Keiser’s comments have undoubtedly stirred a mixture of reactions within the cryptocurrency community. He also had to face the backlash from the Cardano community.

Top crypto platforms in the US | February 2024

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Harsh Notariya
Harsh Notariya excels in delivering SEO-optimized crypto news under tight deadlines. Previously, as a Growth Marketer at Sporty and a Community Consultant at Totality Corp, he significantly boosted community engagement and followers. Harsh also crafted engaging content for top crypto influencer Shivam Chhuneja, blending meme references for an educational yet fun experience. His versatile skills make him a notable figure in crypto journalism.
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