Cardano Gains 14% as Hoskinson Highlights Midnight's 51% Attack Solution

Cardano founder Charles Hoskinson has drawn renewed attention to the Cardano (ADA) ecosystem, using the recent Monero (XMR) crisis as a case study in blockchain vulnerability. The Qubic team, a research group in the Monero community, disclosed that it had gained control of more than 51% of the network’s hashrate, effectively allowing it to manipulate the blockchain’s transaction history and bypass consensus mechanisms. Although Qubic emphasized that it had no malicious intent and had refrained from executing a full takeover, the event triggered a sharp sell-off in Monero and underscored the risks associated with proof-of-work (PoW) privacy coins [1].

Hoskinson leveraged the incident to reinforce the value proposition of Cardano’s upcoming privacy-focused blockchain, Midnight. He highlighted a core feature called Minotaur, which is designed to prevent 51% attacks by distributing consensus authority across multiple resource types—combining work and stake-based validation mechanisms [1]. This multi-resource consensus model is intended to create a more balanced and resilient network compared to traditional PoW or proof-of-stake (PoS) systems [1].

The Cardano community appears to have responded positively to this development, as ADA has risen by nearly 14% over the past 24 hours. Trading volumes have also doubled during the same period, signaling increased market confidence in the project [1]. Analysts have begun to adjust their Cardano price predictions accordingly. On the daily chart, ADA has approached a key resistance level near $0.90. If the token breaks through this level, it could see gains of over 300%, with initial targets set at $1.30 and a more ambitious projection of around $4 per ADA token following the launch of Midnight and continued ecosystem growth [1].

The broader implications of this event point to a growing preference for blockchain platforms that prioritize security and decentralization. Cardano’s focus on real-world applications—beyond just finance—has positioned it as a viable alternative for developers seeking to build scalable and secure decentralized solutions [1]. As the crypto market continues to evolve, incidents like Monero’s hashrate takeover are likely to influence investor sentiment and accelerate the adoption of more advanced consensus models.

Hoskinson’s strategic response and the community’s reaction suggest that Cardano is not only reacting to current challenges but is also proactively shaping the future of blockchain security. With key technical upgrades on the horizon, the project appears to be strengthening its position in the competitive crypto landscape.

Source: [1] Cardano Price Prediction: Hoskinson Uses Monero’s Collapse to Prove ADA Is the Safest Bet in Crypto (https://cryptonews.com/news/cardano-price-prediction-hoskinson-uses-moneros-collapse-to-prove-ada-is-the-safest-bet-in-crypto/)