Cardano $ADA co-founder Charles Hoskinson believes that there could be a bullish reversal that could send the price all the way to 10. For this to happen, he highlighted that the price should first break multiple resistance levels to breach its first target at 3, and subsequently break the 5 level.

Similarly, analyst Jad Mubaslat (aka Deezy) has also predicted that the asset could surge by 1000% from the current level to hit 7. As featured in our recent news post, Kris Does Crypto thinks that the 5 level is more realistic and could be achieved with minimal effort.

As discussed earlier, the DeFi $BTC sector of the Cardano ecosystem has been tipped to fuel its near and medium-term growth to 5 – 10. Interestingly, this implies that the market cap would have to be around 350 billion, a level far less than the valuation attained by Ethereum $ETH in the previous cycle.