The cryptocurrency market has faced heavy selling pressure over the past week, and Cardano has been one of the hardest-hit large-cap assets. According to CoinGecko, the altcoin has lost more than 30% of its value in the last seven days. However, one crypto founder believes that panic-selling Cardano during this major downturn might not be the smartest move.
$0.05–$0.10 Could Be a Good Buying Zone for ADA, Says Analyst
In a post on X (formerly Twitter) on June 5, Joao Wedson, founder and CEO of Alphractal, pointed out key price levels to watch if Cardano’s worst-case scenario plays out. The on-chain data expert identified $0.1097 and $0.03478 as two critical levels if the price correction continues. According to Wedson, these represent Cardano’s Thermo Price and Delta Price, respectively.
Wedson explained that the Thermo Price is a more stable level, calculated by dividing the blockchain’s historical revenue (in USD) by its current circulating supply. He described this on-chain metric as the “price per coin,” based on the accumulated historical cost or revenue from issuance and validator fees over the blockchain’s lifetime. “It’s an on-chain valuation metric, similar to a historical production cost or network security, diluted by circulating supply,” he said.
The Delta Price, on the other hand, measures the difference between the Realized Price and the Thermo Price for a cryptocurrency like Cardano. This metric connects investors’ average cost basis to validators’ mining or production costs, offering insights into deep-cycle bottoms and long-term accumulation zones.
Wedson noted that Cardano’s price has only reached the Delta Price twice and has never touched the Thermo Price. “I’m not saying the price will definitely hit these levels, but they’re areas to watch closely since the values change often, especially the Delta Price,” he clarified.
The crypto founder also highlighted that the $0.05 to $0.10 range could be a very “interesting” accumulation zone for ADA, especially if more bearish pressure emerges. Still, Wedson believes that if the cryptocurrency doesn’t drop further, investors can simply wait a few months to buy Cardano with much more confidence after a retest at higher levels.
Cardano Price at a Glance
As of now, ADA is trading at around $0.1568, down 16% in the past 24 hours.
Featured image from iStock, chart from TradingView.
Frequently Asked Questions
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FAQs Cardano Price Heading to 010
1 Is it true that Cardano is going to 010
No one can predict the future price with certainty A crypto founder recently shared their personal opinion that it might go that low but its just one persons guessnot a guarantee The market is highly unpredictable
2 Why would a crypto founder say Cardano could drop to 010
They might be basing it on technical analysis low trading volume or broader market trends They could also be trying to warn people about potential risks if the project doesnt gain adoption
3 If it drops to 010 how much would I lose if I bought at 050
If you bought 1000 ADA at 050 and it dropped to 010 your investment would be worth 100 Thats a loss of 400 or 80 of your original money
4 Should I sell my Cardano now because of this prediction
Not necessarily One persons opinion isnt a reason to panic sell Its smarter to do your own research consider your risk tolerance and remember that crypto is extremely volatile Shortterm predictions are often wrong
5 What would cause Cardano to actually hit 010
A major drop like that would likely require a severe bear market a major technical failure a loss of developer interest or a broader global economic crisis Its not a common scenario
6 Is this prediction a FUD tactic
It could be Sometimes people spread negative price predictions to create panic hoping to buy coins cheaply later Always ask What is this persons motive A founder might have their own agenda
7 How accurate are price predictions from crypto founders in general
Generally not very accurate Founders are often biased Real price predictions are best left to data