{"id":14938,"date":"2025-11-01T13:41:03","date_gmt":"2025-11-01T13:41:03","guid":{"rendered":"https:\/\/bitunikey.com\/news\/cardano-price-teeters-as-hoskinson-rebuts-mounting-criticism\/"},"modified":"2025-11-01T13:41:08","modified_gmt":"2025-11-01T13:41:08","slug":"cardano-price-teeters-as-hoskinson-rebuts-mounting-criticism","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/cardano-price-teeters-as-hoskinson-rebuts-mounting-criticism\/","title":{"rendered":"Cardano price teeters as Hoskinson rebuts mounting criticism"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Cardano price remained under pressure on Saturday, Nov. 1, and observers wonder whether it could be at risk of further downside.<\/p>\n<div id=\"cn-block-summary-block_53f52f9bc8ac4dc0c3ac01fee0d08f28\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Cardano price has formed a death cross pattern on the daily chart.<\/li>\n<li>Charles Hoskinson offered a long rebuttal to Cardano\u2019s criticism.<\/li>\n<li>He addressed issues like its stablecoin adoption and DeFi growth.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Cardano (ADA) token dropped to $0.6100, down by 40% from its highest point in August and 53% from the December high. This means that $10,000 invested in December would be worth about $4,640.<\/p>\n<p>According to one X user who goes by \u201cBobbyJuice,\u201d Cardano is \u201con life support\u201d and faces six key issues currently holding it back: the absence of native stablecoins, low liquidity and total value locked, network congestion, minimal on-chain adoption, negligible marketing reach, and lack of interoperability and bridges.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">So let me summarize this post better for the newcomers, i want you all to know that I just like you all want Cardano to succeed. But there are certain things missing. Below here I will describe in detail what the 7 key flaws holding back <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$ADA<\/a> adoption:<\/p>\n<p>1. Absence of Native\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/1WYSVhaWsz\">https:\/\/t.co\/1WYSVhaWsz<\/a><\/p>\n<p>\u2014 BobbyJuice (@Bobbyjuiceee) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/Bobbyjuiceee\/status\/1984293010679693608?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">October 31, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Cardano founder Charles Hoskinson <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/IOHK_Charles\/status\/1984379229329612935\" target=\"_blank\" rel=\"nofollow\">responded<\/a>, defending the decentralized blockchain platform and its token. For example, he refuted claims that a Tether (USDT) and USD Coin (USDC) on the network would boost the price of Cardano and its DeFi ecosystem.\u00a0<\/p>\n<p>He also noted that the TVL does not include all the useful data. For example, he said that the metric did not have the billions of dollars worth of ADA involved in staking.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>On the 19,000 daily active users, Hoskinson noted that the metric did not include the millions of people staking the network.<\/p>\n<p>Additionally, Hoskinson believes that Midnight, its sidechain, will solve most of the chain\u2019s other problems. Midnight is its sidechain, which is designed to enable secure, confident contracts and dApps.<\/p>\n<p>Midnight has already secured over 80 partnerships, including top players like Brave, Alchemy, BitGo, and Anastasia Labs.\u00a0<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Welcome to the strategic ecosystem partners operating Hydra Heads for the Glacier Drop, a multi-phase, multi-billion NIGHT token distribution for the Midnight Network.<\/p>\n<p>This collaboration establishes a strong technical foundation to manage high transaction volumes, ensuring a\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/CgGqYEaZlI\">pic.twitter.com\/CgGqYEaZlI<\/a><\/p>\n<p>\u2014 Midnight (@MidnightNtwrk) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/MidnightNtwrk\/status\/1979195984392396891?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">October 17, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Therefore, with Midnight as a Cardano asset, Hoskinson expects that Cardano will benefit by having a higher TVL, users, and stablecoin supply.\u00a0<\/p>\n<p>Other X users jumped to Cardano\u2019s defense, too, noting the updates that have hit the ecosystem. Just recently, the blockchain rolled out a security-boosting upgrade called \u201cOuroboros Phalanx.\u201d<\/p>\n<h2 class=\"wp-block-heading\">Cardano price technical analysis\u00a0<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">ADA price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily timeframe chart shows that the ADA price has slumped in the past few weeks. It has dropped from a high of $1.0143 in August to $0.60 today.\u00a0<\/p>\n<p>Cardano price has formed a death cross pattern as the 50-day and 200-day Exponential Moving Averages have crossed each other. It has also formed a bearish pennant pattern and remained below the Ichimoku and Supertrend indicators.\u00a0<\/p>\n<p>Therefore, the most likely scenario is where Cardano continues falling, with the next target being at $0.5060, its lowest level in February and April this year. This target price is about 17.5% below the current level.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano price remained under pressure on Saturday, Nov. 1, and observers wonder whether it could be at risk of further downside. Summary Cardano price has formed a death cross pattern&hellip;<\/p>\n","protected":false},"author":1,"featured_media":49,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=14938"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14938\/revisions"}],"predecessor-version":[{"id":14939,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14938\/revisions\/14939"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/49"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=14938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=14938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=14938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}