How much lower would the ADA be without Hoskinson? Artificial intelligence issues a stark warning

The ADA rate has dropped 30% in the past week alone, but could it get much worse?

In such trying times, where the broader cryptocurrency market has seen a sudden and painful decline, the Cardano co-founder decided to take a break after a short and bitter announcement regarding X.

Charles Hoskinson’s decision only It got worse ADA situation, as the asset fell by double digits on Friday and fell below $0.19 at the time. It continued to decline in the following hours and fell below $0.16 later that day, which became its lowest price level since December 2020. The question we asked on the latest ChatGPT is how far the token can fall now.

Consequences for Cardano and ADA

The numbers paint a clear story for the ADA. At one point on Friday, it was down 14% on a 24-hour scale. Weekly losses reach 30%, while monthly declines reach 40%. The macro outlook paints an even more disastrous picture, with a 75% decline in value in the past year and a massive 94.7% decline since its all-time high in September 2021.

As such, Hoskinson’s move was expected to generate a lot of controversy immediately, with social media comments Explode. Some praised his decision, others questioned it, and some criticized it.

ChatGPT confirmed that Hoskinson has not resigned from Cardano, but the timing is important. His announcement came shortly after the shutdown of major ecosystem participants, the cancellation of the main Cardano summit, and public warnings that additional projects and DeFi applications may disappear before the end of the year.

“The market is treating this move as a vote of no confidence. Whether this interpretation is fair or not is almost irrelevant. Cryptocurrency markets are driven by narratives, and what is currently dominant is that the Cardano ecosystem is shrinking while competitors continue to attract developers, liquidity and users,” the AI ​​said.

So, how low is it?

After acknowledging that ADA had already erased years of gains by falling below $0.17, ChatGPT warned that there was still room to fall if sentiment continued to deteriorate.

The bearish scenario envisions another decline, perhaps towards $0.12. If this level collapses, Cardano’s original assets could be on track to fall even below $0.10. Extreme capitulation sees a drop to $0.08, while the “Nuclear Scenario” from the AI ​​platform sets $0.05 as the lowest target.

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“For ADA to trade below five cents, Cardano would likely need to enter a long death spiral that includes developer departures, a collapse in liquidity, and a broader cryptocurrency bear market,” he concluded.