Cardano Price Prediction: Is ADA Headed To Zero After Recent Scandal News and Will JetBolt Take Over

Crypto buyers and enthusiasts are watching analysts’ Cardano price predictions after the established cryptocurrency got rocked by allegations of embezzling over $600 million in ADA tokens. While Cardano founder Charles Hoskinson firmly denied the accusations, the recent news has inflicted bearish sentiment towards the token. 

In addition to intently monitoring fresh Cardano price forecasts that suggest it could be headed to zero, crypto aficionados are keeping an eye on a new altcoin. JetBolt (JBOLT) continues to emerge from the crowd with its innovative features like zero-gas technology and a remarkable presale milestone. Since its presale debut, JetBolt has sold more than 353 million tokens. 

Can JetBolt sustain its current blazing momentum? And is ADA headed to zero after recent scandal news? Keep reading for the latest updates on JetBolt and the newest Cardano price projections. 

Cardano Price Forecast: Will ADA Plunge to Zero After Recent Scandal? 

Cardano (ADA) is under pressure, and not just from the intensely volatile market. Cardano made headlines recently due to the alleged embezzlement of $619 million in ADA during the Allegra hard fork in 2021.

Hoskinson has firmly denied the allegations, and the Cardano Foundation has commissioned a third-party forensic audit. The report will trace every ADA transaction since 2015.

Amidst these developments, market watchers and buyers are wondering: Is ADA headed to zero after recent scandal news? While this update was expected to cast a cloud over the project’s transparency and cause ADA’s price crash, the opposite appears to be happening.

Chart of ADA’s recent price action and other key metrics from CoinGecko

Price-wise, ADA is currently trading at $0.75, reflecting a modest 2.9% gain over the past 24 hours. However, Manish Chhetri’s analysis sounds the alarm: Cardano’s momentum is weakening, and a deeper correction to $0.61 may be on the horizon.

On the flip side, Arslan Butt’s analysis suggests a potential breakout could occur if ADA manages to hold the $0.75 line. This bullish Cardano price prediction came after the cryptocurrency launched direct Bitcoin support via its Lace wallet—marking the first step in its multi-strategy efforts.

Scandal aside, mixed Cardano price forecasts make this popular token a must-watch in the coming weeks.

Here’s Why Zero-Gas Coin JetBolt (JBOLT) Emerges from the Crowd

While Cardano faces bearish sentiment amidst recent scandal news, a young altcoin emerges from the crowd. JetBolt (JBOLT) is steadily building momentum, fueled by its state-of-the-art features. 

A testament to JetBolt’s massive momentum is its latest presale feat. Since its presale began, JetBolt has sold over 353 million tokens and has generated more than $3.2 million in sales.

Driving this buying frenzy is JetBolt’s revolutionary features, led by zero-gas technology. Leveraging the Skale network’s gas-free architecture, JetBolt enables crypto users to carry out seamless blockchain transactions without incurring gas fees—one of the longstanding barriers to crypto adoption. 

In addition to its gas-free model, JetBolt boasts high-tech features like an AI-powered crypto insights and news tool. This smart AI utility delivers snippets of crypto market updates and other relevant information about the Web3 space. 

JetBolt’s user-friendly ecosystem also features an intuitive staking interface. This platform keeps participants engaged by offering them additional rewards when they stake their JBOLT tokens and interact with friends at the same time.

Another factor that sets JetBolt apart from the crowd is its exclusive perks for early adopters.  Presale buyers can gain up to 25% bonus tokens when they purchase Alpha Boxes or JBOLT tokens in bundles. 

In essence, JetBolt’s generous presale bonuses and cutting-edge Web3 features like zero-gas tech help it emerge from the crowd. 

Conclusion — Cardano Price Projections and JetBolt’s Presale in Full Swing

Cardano price predictions are mixed, partly due to the positive momentum from the token’s cross-chain developments, despite the recent scandal. Some experts suggest Cardano may still have a shot at recovery if it can weather the negative news and regain buyer confidence.

On the other hand, JetBolt continues to flex its stellar presale performance, fueled by its explosive presale and distinct Web3 features. 

Learn more about JetBolt by heading to the official JetBolt website today.

This piece does not constitute financial advice. Thorough research is essential before acquiring any crypto asset, as all cryptocurrencies are risky and highly volatile.