Cardano (ADA) Price Prediction: ADA Faces DDoS Attack; However, Its Native Token and Network Are Still Thriving

ADA 现正以 0.3898 美元易手，撰写本文时已下跌 0.38%。过去 7 天内，它已上涨 0.48%。接下来的五天对于 ADA 至关重要。

Cardano (ADA)is reportedly facing a distributed denial-of-service (DDoS) attack, but its native token and network are still performing well. ADA’s price is up, and the network is showing strength despite the attack. The DDoS attack started at Block 10,487,530, and the attacker is spending 0.9 ADA on each transaction, using 194 smart contracts (type REWARD) to complete transactions at a lower cost. In the digital asset ecosystem, hacks and other types of attacks are common. However, Cardano is standing out due to its unique ability to resist these attacks, despite many networks featuring the same design. ADA is trading at $0.3898, down 0.38% at the time of writing this article. It has increased by 0.48% over the last 7 days. The next five days are crucial for ADA, and it could decline by 4.22% to settle at $0.376164. Nonetheless, ADA predictions estimate the token to rebound and surge by over 6.5% in the next 30 days. Cardano founder Charles Hoskinson is optimistic about its future, and he has even noted that the Chang Hard Fork might go live by the end of this month (June 2024). The upcoming upgrade signals a transition to a self-governance protocol, which is important because the upgrade will eventually happen, and the core team will be unhindered by the ongoing attacks. Many believe that the attacker's attempt to hamper the network has failed, as the ecosystem has not experienced any downtime, and the community was able to recover a portion of the stolen funds. A DDoS attack is one in which an attacker floods the server or blockchain with spam traffic, preventing users from accessing services and devices that are linked online. Anastasia founder Philip Di Salvo said that they were able to stop the attack immediately by deregistering the stake credentials of the attacker, who attacked mainly to protect their funds, Philip added. XRP and other digital assets now have their sights on the Bitcoin 2024 Convention, which will be held in Nashville next month and will feature Donald Trump as a speaker. The last time he spoke out in favor of cryptocurrencies, it was speculated that digital tokens would be safer if he is elected to power. The former US President has pledged to support the industry and even accepts crypto donations for his campaigns. Incidents like this are helping XRP and other tokens gain a significant rally and are also pressuring the Biden Administration to take the market seriously or risk losing the upcoming elections.

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