After Recent Scandal, Crypto Buyers Watch These Cardano (ADA) Price Predictions

After the established cryptocurrency got rocked by allegations of embezzling over $600 million in ADA tokens

Crypto buyers and enthusiasts are keeping an eye on new Cardano price predictions and a promising altcoin, JetBolt (JBOLT), as it continues to heat up the presale scene with its zero-gas technology and a new presale milestone.

Since its presale debut, JetBolt has sold over 353 million tokens and generated more than $3.2 million in sales. But 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 predictions.

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

Cardano (ADA) has been a hot topic in the crypto world, especially after recent news of a potential $619 million embezzlement in ADA during the Allegra hard fork in 2021.

The Cardano Foundation commissioned a third-party forensic audit to report on the matter. The report will be used to trace every ADA transaction since 2015.

But with this new update, 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.

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.

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 is steadily building momentum, fueled by its state-of-the-art features.

Enter JetBolt (JBOLT), which is quickly emerging from the crowd. Since the beginning of its presale, JetBolt has sold over 353 million tokens and generated more than $3.2 million in sales.

This incredible feat can be attributed to JetBolt’s groundbreaking features, starting with its zero-gas technology. Utilizing 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 adopders. 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.

Visit JetBolt

This piece does not constitute financial advice. Always conduct thorough research before acquiring any crypto asset, as all cryptocurrencies are risky and highly volatile.