Max Kaiser, a prominent Bitcoin enthusiast and advisor to El Salvadoran President Nayib Bukele, predicted a bleak future for Cardano (ADA). According to him, ADA is trending downward towards zero.
This statement, especially coming from someone deeply involved in the cryptocurrency industry, sparked widespread discussion among community members.
Max Kaiser maintains his anti-altcoin stance
Kaiser, an avid Bitcoin supporter and altcoin skeptic, recently said: criticized Ada. He harshly targeted Charles Hoskinson, the founder of Cardano, and used derogatory language towards him and his project. He also disparaged Solana (SOL), calling it “centralized garbage”, especially after a massive network outage.
Kaiser has long been skeptical of altcoins. He has scrutinized a number of services including XRP, Ethereum (ETH), BNB, and Avalanche (AVAX), questioning their security and decentralization.
Despite Kaiser’s comments about ADA going to zero, Cardano is showing signs of strong price movement. It recently surpassed the 200 simple moving average on the 4-hour chart for the first time in several weeks.
This development has sparked optimism among ADA supporters, with crypto analyst Sebastian suggesting that if ADA can maintain this momentum, a rise to $0.55 could be imminent. are doing.
“ADA will most likely retest the $0.55 resistance area today. This is an important point and will determine whether ADA can reach higher levels.” explained.
Read more: Cardano (ADA) Price Prediction 2024/2025/2030
Kaiser’s comments undoubtedly sparked mixed reactions within the crypto community. He also had to face backlash from the Cardano community.
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