Cardano (ADA) Price Prediction by Alex Becker: Upside Potential or Excessive Speculation?

Jakarta, Pintu News – Cardano has experienced a significant drop of up to 50% from its 2024 high. However, some analysts predict that the cryptocurrency has the potential to experience a drastic price surge in the near future. One such opinion comes from Alex Becker, a billionaire and founder of tech company Hyros, who stated that the price of ADA could reach between $4 to $5 or around Rp65.3 million to Rp81.6 million in the next bull run.

Bullish Cardano (ADA) Prediction by Alex Becker

Alex Becker shared his prediction in a podcast interview, where he expressed his belief that ADA could surge by 500% to 650% from its current price of around $0.67 (IDR10,950). If this prediction is realized, Cardano’s market capitalization will increase dramatically to reach $180 billion to $225 billion or around Rp2.94 quadrillion to Rp3.67 quadrillion.

While this prediction sounds ambitious, several other crypto assets such as Bitcoin , Ethereum , and Ripple have previously proven that extreme price spikes are indeed possible in the cryptocurrency world. Moreover, since its launch in 2017, ADA has seen a rise of almost 3,000%, proving that the potential for price growth still exists.

However, Becker also admitted that he is not a big fan of Cardano, given its smaller ecosystem compared to other blockchains such as Solana (SOL) and Binance Smart Chain . He highlighted that Cardano is often considered a “ghost chain” as its total value of assets under lock and key (TVL) is only around $309 million, much smaller compared to other blockchain projects such as Aptos (APT), Berachain, and Sui (SUI).

Also Read: 3 Crypto’s that Catch Investors’ Attention When Crypto Market Shakes Up

Technical Analysis: Potential Signals for ADA Price Recovery

In terms of technical analysis, Cardano’s price briefly reached $1,327 at the peak of its 2024 bull run before falling dramatically to $0.68 ($11,100). Currently, ADA has crossed all major moving average indicators, indicating that the bearish trend still dominates.

However, there is a falling wedge chart pattern, which is often a bullish signal. When the two lines in this pattern start to converge, there is usually an upward price reversal. Currently, ADA’s price convergence zone is around the 61.8% Fibonacci Retracement level, which is a common point for potential trend reversals.

Cardano’s Future Price Target

If the bullish scenario occurs, ADA has the potential to return to last year’s high of $1,327 (IDR 21.67 million), which means an increase of about 100% from the current price. If the price manages to break through that level, it is very likely that ADA will reach its previous all-time high of $3, even up to $5.

Factors that could catalyze this price increase include the approval of an ADA-based ETF and an exclusive meeting between the Cardano community and Charles Hoskinson, the founder of Cardano. However, if the price drops below $0.511 (IDR 8,345), then the bullish scenario will be invalidated and ADA will most likely experience further declines.

Conclusion

Alex Becker’s prediction of Cardano’s price spike to $5 is still speculative, although it is supported by historical patterns in the cryptocurrency market. In terms of technical analysis, ADA does show patterns that could support a bullish trend reversal, but there remains a risk of further downside if key support levels do not hold.

Investors are advised to remain cautious and consider various factors before making an investment decision. With the ecosystem still evolving and stiff competition from other blockchains, the future of Cardano’s price is still full of uncertainty.

Also Read: Can Ripple (XRP) Reach $500? The Impact of Elon Musk and PayPal (2/27/25)

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Crispus / Coingape. Millionaire Alex Becker Reveals The Next Cardano Price Target. Accessed February 28, 2025.
• Featured Image: Crypto Rank