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What Could Happen as Cardano Activates Long-Term Support

Elendu Benedict
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What Could Happen as Cardano Activates Long-Term Support

Cardano might have activated a long-standing support area, raising optimism among enthusiasts that a recovery could be imminent.

The support has previously been responsible for major price moves in the coin’s price, and history could repeat. If Cardano sustains its trend above this zone, it could target higher resistance levels in the near term.

Key Points

  • Cardano might have activated a long-standing support area, raising optimism among market participants that a recovery could be imminent.
  • The support at $0.270 has previously been responsible for major price moves in the coin’s price, and history could repeat.
  • In August 2024, ADA retraced to the $0.270 support level, triggering a quick rebound that dragged the coin up by over 375% in 60 days.
  • This period is the “build-up phase,” and Cardano could experience a sudden, strong price surge.

Cardano Retests Support

The recent price downtrend might have some positives after all. Notably, Cardano is down 25% in the past 30 days, revisiting levels last seen in years. Yet, experienced market watcher MasterAnanda sees a bright side to this corrective move.

In his TradingView commentary, the analyst claimed that ADA looks great at the current market level for several reasons. One point he mentioned to support his bullish stance is a successful retest of the key support level at $0.270.

For context, the coin dropped to a low of $0.268 last week, recording a 15% correction. The low closely aligns with the October 10, 2025, flash clash bottom price. ADA tapped $0.273 on the day and rebounded sharply, closing at $0.70.

Last week, it retested the level, and again, buyers stepped in at the support and pulled the price higher. The analysis frames this move as a positive sign, citing historical context.

ADA Historical Interaction with Support

Notably, this is not the first time Cardano has retested this support level. In fact, the analysis branded this area as where bullish price action starts for the blue-chip asset.

In August 2024, ADA also retraced to the $0.270 support, dropping to $0.275 on that occasion. Consequently, the momentum around this area sparked a quick rebound, dragging the coin up over 375% in 60 days.

Cardano Support/MasterAnanda
Cardano Support/MasterAnanda

The analysis compared the timeframe of the recent October 2025 retest, noting that it had been four months since the short-lived capitulation. The analyst called this period the “build-up phase” and claimed that Cardano could experience a sudden, strong price surge.

He also identified another bullish development. According to him, last week’s low shares similarity with a June 2023 price bottom. For context, both were higher low formations, and ADA gained momentum after the June 2023 low. The same could happen for Cardano, potentially driving its price higher.

Notably, the analyst predicts that Cardano could easily rally 200% from here. Meanwhile, his shared chart highlights possible targets at $0.672, $0.922, and $1.980, which align with the 0.382, 0.618, and 1.618 Fibonacci levels.

Conclusively, he stated that the current level is the best entry point, claiming that Cardano is at its bottom. This remains highly speculative and reflects the analyst’s view rather than an actual confirmation. As a result, this is not financial advice.

Everything Depends on $0.0000066721 Support for Shiba Inu

Lele Jima
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Everything Depends on $0.0000066721 Support for Shiba Inu

A popular analyst has weighed in on Shiba Inu market structure, highlighting a key price level that could define the next direction. 

As Shiba Inu’s recent price action continues to draw attention, analysts are increasingly focusing on critical zones that may shape SHIB’s near-term outlook. 

Key Points 

  • Analysts are closely monitoring Shiba Inu’s market structure as the token hovers near a key support level at $0.0000066721.
  • Sustaining price action above this zone could help SHIB stabilize and reclaim levels above $0.00001.
  • A decisive weekly close below the support would weaken the technical outlook and could drag prices toward $0.000003.
  • Some analysts argue that SHIB’s setup remains primed for a potential bullish reversal.

Everything Hinges on $0.0000066721 Support Level 

In his latest analysis, Ali Martinez suggested that SHIB is at a crucial inflection point. He noted that the token’s outlook now depends on whether it can hold above the $0.0000066721 support level on the weekly chart. Based on his outlook, this support zone represents a clear make-or-break area.

If SHIB stays above this level, it could stabilize and attempt a rebound toward higher resistance zones. However, a decisive weekly close below the support would weaken the structure and likely trigger further downside, bringing lower price targets into focus. 

Possible Shiba Inu Targets 

Specifically, the chart shows that losing this support could drive Shiba Inu into the $0.0000013522–$0.0000029954 range. Conversely, maintaining strength above the key level could set the stage for a rebound toward $0.00001480, with a further move to $0.00003299 if bullish momentum builds. 

Shiba Inu at Critical Support Level
Shiba Inu at Critical Support Level

His comments follow the latest market-wide downturn that pushed major cryptocurrencies to fresh lows, with Shiba Inu caught in the sell-off. Over the weekend, SHIB briefly fell below the $0.0000066721 support, sliding below $0.0000064. 

However, the drop proved short-lived, as the token quickly rebounded. At press time, SHIB was trading well above that level, changing hands at about $0.000006761. 

SHIB Trend Reversal Imminent?  

Meanwhile, popular community expert “SHIB KNIGHT” expressed confidence in a potential bullish reversal for altcoins, particularly Shiba Inu. 

He argued that the market has already bled sufficiently in recent times, with prolonged selling pressure exhausting sellers. As a result, KNIGHT noted that SHIB’s chart now points toward a bullish reversal. 

Meanwhile, according to community analyst Zach Humphries, SHIB’s underperformance mirrors the altcoin market’s bearish trend since 2021. He added that SHIB’s strong correlation with Ethereum has kept it on the back foot, as ETH continues to lag Bitcoin. However, Humphries expects Ethereum to reverse course in the near term, a shift he believes could support a rebound in SHIB.

Ethereum Price Outlook for Feb 4: ETH Struggles at Support Zones but Long Traders Remain Active

Mark Brennan
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Ethereum Price Outlook for Feb 4: ETH Struggles at Support Zones but Long Traders Remain Active

Ethereum struggles at key support levels but continues to see strong long positions, suggesting potential for a rebound if resistance is cleared.

Ethereum (ETH) is facing a turbulent time, with the price down by 1.88% in the last 24 hours, trading at $2,280. Despite the recent dip, Ethereum has seen notable volatility, with its price fluctuating within a narrow range between $2,117.03 and $2,329.

Trading volume remains high, with spot volume sitting at $8.2 billion, while futures have clocked $104.8 billion, suggesting heightened participation from leveraged traders.

Looking at Ethereum’s broader performance, it has struggled over the past week, down about 24.5%, and 33.4% over the last 90 days. Despite this, Ethereum still holds a strong market presence, with a $274 billion market cap.

With key levels like $2,300 acting as short-term resistance, the coming days will be crucial in determining whether ETH can break out of its current downturn. However, the question remains: Can Ethereum overcome this recent downtrend, or will the bearish momentum continue?

Ethereum Price Analysis

On the technicals, Ethereum is encountering a critical phase, with the price struggling to hold above support levels. Currently, ETH is hovering near the $2,280 level, just above the $2,220 support zone. This support zone has been pivotal recently as ETH attempts to stabilize after a downward trend.

ETH 1-Day Chart
ETH 1-Day Chart

If ETH falls below this support level, traders could see a deeper pullback, targeting the next major support at $2,100. The 9-day exponential moving average at $2,499.39 is currently acting as a dynamic resistance, as the price remains well below this level, reinforcing the bearish bias. A break above this EMA could indicate a shift in momentum.

The price volatility is quite high, as seen from the standard deviation indicator, which is currently at 339.79, signaling an extended period of price fluctuations.

To turn the tide in favor of bulls, Ethereum needs to reclaim the $2,500 area and break above the 9-day EMA. If the price holds below the $2,250 support and fails to reclaim resistance, the downside could extend further. 

Ethereum Long vs Short

On the derivatives side, Ethereum’s market sentiment is currently leaning towards the long side, as reflected in the long/short ratios across different platforms.

The long-to-short ratio on Binance ETH/USDT accounts stands at 2.67, indicating more accounts hold long positions relative to short ones.

ETH Long/Short Ratio
ETH Long/Short Ratio

Additionally, the top trader long/short ratio on Binance ETH/USDT is 3.71, further supporting the view that professional accounts are also more inclined toward long positions at the moment. However, the long/short ratio on OKX ETH is slightly lower at 2.84, still showing bullish sentiment, but with a more balanced outlook.

Peter Schiff Says Strategy’s Bitcoin Losses Would be Much Greater over Next Five Years

Zabi
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Peter Schiff Says Strategy’s Bitcoin Losses Would be Much Greater over Next Five Years

Economist Peter Schiff has once again challenged the Bitcoin investment thesis after Strategy disclosed a fresh purchase made shortly before a sharp market downturn.

The timing of the acquisition has reignited debate over whether aggressive Bitcoin accumulation remains prudent amid heightened volatility.

Key Points

  • Strategy bought 855 Bitcoin for $75.3 million, shortly before a sharp price drop.
  • Bitcoin fell below $80,000 days after the purchase, hitting $72,945.
  • Strategy now holds over 713,000 Bitcoin, with an average cost of $76,000 per coin.
  • Peter Schiff criticized the timing, highlighting a limited profit buffer and high risk exposure.
  • Schiff reiterated that Bitcoin remains speculative and companies with concentrated holdings face volatility risks.

Strategy’s Latest Bitcoin Purchase and Market Timing

Earlier this week, Strategy, chaired by longtime Bitcoin advocate Michael Saylor, announced the purchase of 855 Bitcoin for approximately $75.3 million. The company said it paid an average of nearly $88,000 per coin, with the transaction funded by the issuance of common stock.

While modest compared with many of Strategy’s earlier acquisitions, the timing attracted scrutiny. Within days of the disclosure, Bitcoin fell below $80,000 for the first time since April 2025. Selling pressure intensified this week, pushing prices down to around $72,945, well below Strategy’s most recent purchase level.

Despite the decline, Strategy’s overall exposure remains substantial. The company now holds more than 713,000 Bitcoin, acquired at a total cost of roughly $54.26 billion. According to company data, the average purchase price across its holdings is about $76,000 per coin.

Schiff Questions Returns and Risk Exposure

Against this backdrop, Peter Schiff renewed his criticism of Strategy’s Bitcoin strategy. Writing on social media platform X, he argued that after years of accumulation, the company’s Bitcoin position sits only marginally above breakeven, leaving little buffer against sharp price swings.

Building on that point, Schiff also questioned the decision to buy ahead of the downturn, noting that Bitcoin briefly fell below $75,000 and has continued trading well under Strategy’s latest purchase price. In his view, waiting for lower levels could have reduced downside risk.

A long-time critic of cryptocurrency, Schiff reiterated his stance that Bitcoin remains a speculative asset with uncertain fundamentals. He warned that companies with large, concentrated crypto holdings are particularly exposed to sudden, unpredictable market moves.

Continuing Debate on Bitcoin’s Future

The exchange also connects to earlier remarks by Michael Saylor on long-term asset performance. In a recent post, Saylor described Bitcoin, Strategy shares, and Nvidia stock as among the leading assets of the decade. Schiff pushed back, arguing that the results from Strategy’s Bitcoin strategy paint a different picture.

Schiff pointed out that despite investing more than $54 billion into Bitcoin over the past five years, Strategy is currently down about 3% on that position. Rejecting claims that Bitcoin has been the world’s best-performing asset, he warned that the downside may only be beginning, stating, “I’m sure the losses over the next five years will be much greater!”

Shiba Inu Historically Bottoms at This Support—What Could Happen This Time?

Elendu Benedict
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Shiba Inu Historically Bottoms at This Support—What Could Happen This Time?

Shiba Inu is approaching a long-standing support area with historically bullish implications after an elongated period of accumulation.

Notably, the support at $0.000067 has been the lowest level for the cryptocurrency in years, underscoring the importance of its subsequent price action. Shiba Inu (SHIB) has also been consolidating for months, further suggesting accumulation before a major price shift.

Key Points

  • Shiba Inu is approaching a long-standing support area with historically bullish implications after an elongated period of accumulation.
  • The support at $0.000067 has been the lowest level for the cryptocurrency in years, underscoring the importance of its subsequent price action.
  • It has also historically triggered a strong bullish reaction in Shiba Inu, as the price bounced from there in October 2021 to the ATH of $0.000088.
  • SHIB has been consolidating in the past few months, suggesting it is building momentum for the next decisive move.

Shiba Inu Approaching Key Support

Notably, SHIB has been on a steady price decline after losing momentum from its early January rally. The meme coin reached a high of $0.00001009 on January 5, spurred by a short-lived broader market recovery.

This momentum, however, has faded, with Shiba Inu correcting by over 32% from its January peak to its current market price of $0.00000679. The downtrend sums up the price action seen from the token in recent months.

Notably, it has been in a steady downtrend since the March 2024 high of $0.0000456, making lower highs and lower lows. Meanwhile, volatility has subsided recently, as Shiba Inu slowly slides toward the crucial support levels between $0.0000067 and $0.00000521.

Importance of This Support Level

Market commentator “KlejdiCuni” identified this in his recent TradingView analysis, highlighting the importance of the support level. He noted that it is a historical area that has marked the bottom for SHIB.

The analyst noted that support has historically triggered a strong bullish reaction in Shiba Inu. Notably, TradingView data show that the token reached a record low of $0.00000510 in September 2021 before bouncing back off this support level. What followed was an over 800% surge in October 2021, bringing it to its current all-time high of $0.0000885.

Furthermore, the meme coin has been consolidating in the past few months, suggesting it is building momentum for the next decisive move. A combination of these factors is fueling KlejdiCuni’s bullish stance. He called this setup a long-term trade and one no one should miss.

Possible Price Implication on Shiba Inu

The commentary also mentioned possible targets for Shiba Inu should the expected rebound start. It set the first target at $0.0000170, the second at $0.0000320, and the final around the March 2024 high at $0.0000420. This represents an increase of 150%, 370%, and 518%, respectively.

Shiba Inu Approaching Support/KlejdiCuni
Shiba Inu Approaching Support/KlejdiCuni

However, the analyst warned that the timeline for this move remains uncertain. Again, he mentioned that patience is key and long-term holding is the best approach to this setup.

Still, there is no guarantee that Shiba Inu will rally in the future, nor is it certain that the $0.0000067 support will hold. The analysis reflects the market watcher’s view and is not financial advice.

Jake Claver Says Native Yield on XRP Changes the Game

Abdulkarim Abdulwahab
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Jake Claver Says Native Yield on XRP Changes the Game

The XRP Ledger is in a new phase of development, according to Jake Claver, CEO of Digital Ascension Group, who believes the ecosystem now has the missing pieces institutions have long been waiting for.

In a recent post on X, Claver said the infrastructure currently being built on XRPL sets the stage for large-scale institutional participation. Specifically, he pointed to native yield generation through automated market maker (AMM) pools.

Key Points

  • Jake Claver says XRPL now has the infrastructure institutions need, with native yield as a key unlock.
  • XRPL AMMs let XRP holders earn yield on-chain, shifting XRP from passive holding to active use.
  • RippleX says XRPL is built for real-world finance, expanding into RWAs, stablecoins, and payments.
  • With clearer regulation and better assets, XRPL is moving from long-term promise to utility.

Native Yield Turns XRP Holders Into Active Participants

Claver highlighted that XRPL’s AMM functionality allows XRP holders to earn yield directly on the network, rather than simply holding the asset passively.

In his view, this marks a structural shift for XRP. The coin moves from being only a bridge asset or settlement token to one where XRP holders can participate in network liquidity and earn yields.

This development further confirms that XRPL is evolving from a payments-focused ledger into a broader financial ecosystem.

RippleX: XRPL Built for Real-World Financial Use Cases

Claver’s comments align closely with statements made by Markus Infanger, Senior Vice President at RippleX, during Paris Blockchain Week 2024.

Infanger explained that the XRP Ledger was designed first and foremost for real-world financial activity. After starting with payments, it is now expanding into areas such as real-world asset (RWA) tokenization and stablecoins.

According to Infanger, the goal is to bring traditional financial activity on-chain by removing friction, reducing costs, and improving efficiency. XRPL has already demonstrated success at scale in these areas.

Regulation and RWAs as the Next Major Catalyst

Infanger also emphasized that regulation remains one of the final pieces needed to unlock mass adoption. He noted that Ripple has already shown that blockchain can operate within compliance frameworks, processing billions of dollars in payments annually at a fraction of the cost of legacy systems.

With regulatory clarity improving in regions such as Europe, Singapore, and the UAE, Infanger believes the industry is approaching a paradigm shift.

He pointed to the vast amount of off-chain financial assets, estimated at over $1 quadrillion, and suggested that just 10% moving on-chain would be transformative.

Stablecoins and Asset Quality Remain a Key Challenge

Despite growing infrastructure, concerns remain around liquidity quality on XRPL. While the number of AMM pools has surged, overall XRP liquidity has remained largely flat in recent months.

Community voices, including Panos Mekras of Anodos Finance, have argued that the ecosystem needs higher-quality assets such as trusted stablecoins and RWAs to unlock meaningful growth. Without them, low-utility tokens risk fragmenting liquidity rather than attracting new capital.

This is where RippleX sees stablecoins playing a critical role. Infanger noted that the stablecoin market could grow from roughly $310 billion today to nearly $3 trillion over the next five years, positioning compliant, enterprise-grade solutions as a gateway between traditional finance and crypto.

Essentially, Claver’s remarks and RippleX’s roadmap suggest that XRPL is moving closer to fulfilling its long-standing institutional narrative.

With native yield, expanding real-world use cases, and improving regulatory clarity, the XRP Ledger is transitioning from promise to practical utility.

‘Big Short’ Investor Michael Burry Warns of Catastrophic Possibilities if Bitcoin Continues to Fall

Mark Brennan
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‘Big Short’ Investor Michael Burry Warns of Catastrophic Possibilities if Bitcoin Continues to Fall

Michael Burry, the investor famed for predicting the 2008 financial crisis, is sounding another alarm—this time focused on Bitcoin.

In a recent post, Burry warned that the cryptocurrency’s prolonged downturn could trigger broader financial stress if prices continue to slide. He argued that Bitcoin’s recent performance undermines its reputation as a defensive asset and instead highlights deeper vulnerabilities across global markets.

Key Points

  • Michael Burry warns Bitcoin’s prolonged downturn could trigger broader financial stress.
  • Bitcoin is in its longest losing streak since 2018, trading roughly 37% below its recent peak.
  • Burry links Bitcoin’s decline to vulnerabilities in tokenized metals and other interconnected markets.
  • A drop below $70,000 could inflict multi-billion-dollar losses on major institutional holders like Strategy.
  • Further declines to $50,000–$60,000 could threaten institutional solvency and trigger miner bankruptcies.
  • Burry maintains his longstanding view that Bitcoin lacks intrinsic value, comparing it to historical asset bubbles.

Bitcoin’s Prolonged Weakness Raises Alarm

Burry’s concerns come as Bitcoin struggles to regain momentum. For instance, the cryptocurrency ended January with its fourth consecutive monthly decline, marking its longest losing streak since 2018.

Bitcoin is also trading roughly 37% below its peak reached on October 6, 2025. According to Burry, this sustained weakness is not merely a crypto-specific issue. Rather, it creates conditions for spillover effects that could ripple through interconnected financial markets.

Links to Gold, Silver, and Broader Markets

Building on that point, Burry suggested that signs of contagion may already be emerging. He pointed to recent declines in gold and silver prices, which he partially attributed to Bitcoin’s slide.

Burry argued that these markets share structural similarities. Specifically, he noted that metals futures contracts are not fully backed by physical supply, a feature he likened to the tokenized nature of cryptocurrencies. Consequently, this structural overlap, he warned, increases the risk that stress in one market could quickly spread to others.

Institutional Risks if Bitcoin Drops Further

Against this backdrop, Burry outlined several price thresholds where financial pressure could intensify. He warned that a drop below $70,000 could inflict substantial losses on major institutional Bitcoin holders. For context, Strategy, the crypto-focused firm led by Michael Saylor, was singled out as particularly exposed.

Burry estimated that such a decline could result in losses exceeding $4 billion for the company. Furthermore, he cautioned that it could significantly constrain the firm’s access to capital markets.

Beyond Strategy, he suggested that other institutions could face losses of 15% to 20% on their Bitcoin holdings, thereby prompting risk managers to tighten controls.

Deeper Declines and Systemic Pressure

The risks, Burry cautioned, would escalate even further at lower price levels. Specifically, if Bitcoin were to reach $60,000, he warned that Strategy could face an existential threat.

He then outlined a more severe scenario should Bitcoin fall to $50,000. In that case, crypto miners could be pushed into bankruptcy, forcing them to liquidate Bitcoin reserves. At the same time, Burry warned that tokenized metals markets could experience severe dislocations, while physical metals might decouple as investors seek traditional safe havens.

Taken together, these warnings reflect Burry’s long-standing skepticism toward digital assets. Over the years, he has repeatedly argued that Bitcoin lacks intrinsic value and has likened its rise to the tulip mania of the 1600s.

XRP MACD Records Lowest Histogram in History: What’s Next?

Mark Brennan
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XRP MACD Records Lowest Histogram in History: What’s Next?

The XRP MACD indicator has recorded its lowest histogram reading in history, signaling increased bearish pressure but potential for reversal.

Notably, this recent development emerged on the XRP monthly chart amid XRP’s recent decline below the $1.6 support level. For context, XRP’s struggles intensified after the asset hit $1.91 on Jan. 29, as increased bearish pressure eventually pushed prices below $1.6 on Jan. 30 for the first time since November 2024.

With a 3.39% drop in February 2025, XRP is now on track to record a fifth consecutive monthly candle loss for the first time since 2016. This sustained downward pressure has now led to a collapse in the February monthly MACD histogram, reaching -0.1234, its lowest reading in history.

Key Points

  • Since late January, XRP has witnessed intensified bearish pressure, dropping from $1.91 to a low below $1.6 for the first time since November 2024.
  • The downward pressure spilled into the new month, February, leading to a 3.39% drop, as XRP pushes toward a fifth consecutive monthly loss.
  • Amid this consistent price downturn, the XRP MACD has recorded a monthly histogram of -0.1234 in February, the lowest in history.
  • Such a low histogram reading confirms the intensity of the selling pressure, indicating that XRP has entered an extreme bearish condition.
  • It also indicates that XRP may now be massively oversold, potentially reversing the current downward trend for a rebound.

XRP Price Struggles

This development was recently spotlighted by Chart Nerd, a well-regarded market commentator, as XRP continues to battle the bears under important support levels. Notably, after losing the $2 support on Jan. 18, XRP also relinquished $1.9, $1.8 and $1.7 between Jan. 29 and Feb. 1.

Now, the asset is struggling to hold the $1.6 area, currently trading just below it at $1.59. With an over 3% decline in February so far, XRP has collapsed 44% since October 2025. Also, the crypto asset is on track to record five consecutive monthly losses for the first time since late 2016. 

XRP MACD Histogram Sees Record Low

Interestingly, the February drop has translated to a crash in the XRP MACD histogram on the monthly chart. Notably, Chart Nerd pointed out that the MACD histogram reading recently collapsed to -0.1234. For perspective, this represented the lowest recorded reading for the XRP MACD on the monthly chart.

XRP Monthly MACD Histogram Chart Nerd
XRP Monthly MACD Histogram | Chart Nerd

Previously, the lowest reading was -0.0822, recorded in August 2022, amid the price downturn that dominated the market following the May 2022 Terra ecosystem crash. 

Notably, this aligned with the bottom of the 2022 bear market at $0.28, with XRP seeing a mild recovery shortly after. Since then, XRP has not revisited the $0.28 price. With the MACD histogram collapsing to an even lower level this month, analysts like Chart Nerd believe a similar recovery push could ensue, but the trend may not be so straightforward.

What Does the XRP MACD Reading Mean for Price?

For the uninitiated, when the MACD histogram sinks deeply into negative territory, it shows that sellers firmly control the market. With XRP, the latest extreme reading indicates that downward pressure has intensified beyond anything seen in past cycles.

When the histogram stays deeply negative, the natural reading is that bearish pressure has intensified; it doesn’t necessarily point to an automatic rebound in the near-term. This suggests XRP still has the potential to face more downside or extended consolidation before finding a stable bottom.

However, extreme readings can also suggest that selling has reached exhaustion. The market typically becomes oversold during heavy declines, which can trigger short-term relief rallies as traders step in to buy at lower prices. Nonetheless, this remains uncertain. Also, with February still in play, the MACD histogram could pick up before the month ends.

Historical Data Highlights Important Caveat

Historical data confirms the need for investors to be cautious. As earlier highlighted, the extreme negative MACD reading in 2022 aligned with XRP’s bottom for the bear market, with prices seeing mild rebounds following the reading.

XRP MACD
Historical Data Around XRP MACD Lows

However, another extreme negative reading of -0.0579 in January 2019 did not align with the bottom of that cycle. Specifically, after the reading, XRP still saw sustained declines despite the MACD histogram witnessing a recovery. Notably, after the negative MACD, XRP still dropped from $0.2779 to a lower low of $0.1746 in December 2019 before finding a bottom.

Tung Reveals Why Cardano founder Gets Unfair Criticism Despite Building

Elendu Benedict
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0
Tung Reveals Why Cardano founder Gets Unfair Criticism Despite Building

CryptoRus founder George Tung has explained why Cardano founder Charles Hoskinson receives so much criticism from the crypto community.

In his recent appearance on The Wolf of All Streets podcast, Tung dissected the reasons for the “hate,” citing a lack of understanding, especially among ADA holders. He suggested that Hoskinson’s focus on building rather than on the Cardano price has led to criticism he does not deserve.

Key Points

  • CryptoRus founder George Tung has explained why Cardano founder Charles Hoskinson receives so much criticism from the crypto community.
  • He suggested that Hoskinson’s focus on building rather than on the Cardano price has led to criticism he does not deserve.
  • The CryptoRus founder noted that critics always judge Hoskinson’s contributions to the Cardano ecosystem by its price impact.
  • He highlighted that building systems and products in the dark times that would fuel adoption in the bullish season is what makes a project thrive.
  • Hoskinson has shared this concept several times in his interviews and podcasts. 

Cardano Founder Harshly Judged: CryptoRus

When discussing his project “GeorgePlaysClashRoyale” in the podcast and his commitment to building through crypto storms, Tung mentioned which system he is adopting. Specifically, he noted that he shares the same mentality as Hoskinson, who, he said, is getting a lot of criticism for no just cause.

The CryptoRus founder noted that critics always judge Hoskinson’s contributions to the Cardano ecosystem by its price impact. Despite rolling out plans and ideas to scale the ADA ecosystem, Cardano holders simply focus on why the coin’s price isn’t going up.

However, Tung stated that the Cardano founder cannot do anything to influence the price of ADA other than to build. He highlighted that building systems and products in the dark times that would fuel adoption in the bullish season is what makes a project thrive, and that is what Hoskinson focuses on.

Building Over Short-Term Price Action

Interestingly, Hoskinson has shared this concept several times in his interviews and podcasts. Most recently, he emphasized this while he urged enthusiasts to go all in on building now that the market is bearish.

He noted that being in crypto to “change the world” and do interesting things makes it worthwhile. However, those focusing on price and financial gains rather than creating utility have already lost.

Meanwhile, Hoskinson reiterated this sentiment earlier in the year, predicting that 2026 would be a great year for Cardano. He cited the upgrades and innovations, such as the Ouroboros Leios, Hydra scaling, Midnight, and stablecoin breakthrough, as catalysts. Again, he stressed that those who focus on the ADA price rather than appreciate the progress the ecosystem has made “have already lost.”

The Cardano founder remains committed to this despite criticism from a faction of the community. Recall that some suggested he was a “cancer” that hindered the growth of Cardano. While he responded much later, highlighting the success of Midnight, he has often channeled his frustration with this sentiment into efforts to improve the ADA ecosystem.

Candid Advice Amid Crypto Market Downturn

Notably, after Tung highlighted this poor judgment of Hoskinson, he disclosed what he will do while the crypto market struggles. According to him, he will simply keep his crypto bag and not try to chase short-term moves by trading.

This reinforces the importance of remaining calm during market downturns, as history has often shown that Bitcoin and crypto often recover. Strategy executive chairman Michael Saylor recently highlighted this, arguing that the rule of Bitcoin is to buy and never sell.

Buying XRP at $1, $1.50, or $2, and Returns if XRP Reaches $10

Mark Brennan
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Buying XRP at $1, $1.50, or $2, and Returns if XRP Reaches $10

Investors who have bought XRP at various prices since December 2024 could see impressive returns if XRP eventually reaches the $10 price target.

Key Points

  • XRP’s $10 Price Target in Focus: Multiple analysts and community members believe that XRP could reach $10, with recent trends and historical analysis suggesting a bullish momentum in the future.
  • Historical and Analytical Support for $10 Projection: Various projections, including those based on historical trends and analyst predictions, support the possibility of XRP hitting $10, highlighting potential bullish phases.
  • Current XRP Price and Required Gain for $10 Target: With XRP trading at around $1.57, a rise to $10 would require a need for strong bullish momentum to achieve this milestone.
  • Potential Profits from a $10 XRP Surge: Investors who bought XRP at lower prices could see substantial gains if XRP reaches $10, with profits ranging from $80,000 to $90,000 for a 10,000 XRP holding.
  • Market Sentiment and Cautionary Notes: While expert opinions are optimistic about XRP reaching higher prices, investors are advised to approach with caution, as such price increases are not guaranteed and do not constitute financial advice.

The XRP to $10 Projection

Notably, one target that has made the rounds within the XRP community is the $10 price. For instance, last June, market watcher CryptoBull argued that market participants who dumped XRP out of frustration with its range-bound movement at the time would “all come back” when XRP claims $10, expressing confidence in the $10 target.

Just two months back, Cryptollica segmented XRP’s historical price trends into four phases. According to him, XRP was still trading within a bearish Phase 3, and Phase 4 could emerge with bullish momentum, eventually taking prices to $10. Meanwhile, as far back as January 2024, The Crypto Basic called attention to projections from three separate analysts that XRP could hit $10.

With XRP currently changing hands at $1.57, a rally to $10 would demand a 576% increase from the current position. While this would require incredibly bullish momentum to achieve, XRP has already demonstrated its ability to engineer sharp rallies within short periods. For instance, after the November 2024 election, it spiked 580% from $0.5 to $3.4 by January 2025.

Your Profit if XRP Hits $10

If XRP does clinch the $10 milestone, investors who entered the market after the November 2024 rally could finally see some reasonable gains. For context, some of these investors procured XRP at the $1, $1.5, and $2 prices. To put things into perspective, anyone who bought 10,000 XRP at $1 spent $10,000; those who bought the same at $1.5 spent $15,000; and purchasing at the $2 mark required $20,000.

If XRP claimed $10, the worth of the 10,000 XRP tokens would soar to $100,000, yielding varying profits for investors. Specifically, those who spent $10,000 to buy 10,000 XRP at $1 would be sitting on $90,000 in profit. Investors who spent $15,000 at $1.5 would see $85,000, while the individuals who bought XRP at $2 would record $80,000 in profits.

Notably, this aligns with sentiments held by market analyst EGRAG. According to him, with XRP on track to reach higher prices, it won’t matter if investors buy the token at $1, $2, or even $3 today, as they could see reasonable profits regardless. However, it is important to note that an XRP run to $10 or any other higher price is not a guarantee. As a result, investors should not see this as investment advice.

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