$ADA

Speculations have been flying about how high the price of Cardano’s ADA can rise in this bull run. Many holders are hopeful it could spike significantly and grow substantially, while some think that high figures like $10 aren’t realistic for the coin.

To address these thoughts, Lee the Captain, a YouTube channel with more than 36k subscribers, made a video to explain what he thinks about these predictions.

Lee the Captain delves into the question of whether a $10 price target for Cardano’s ADA is realistic during the current bull run. While he expresses skepticism about reaching such a lofty price, he notes that this discussion is not financial advice.

What if BTC Price Hits $500k?

The analyst references Charles Hoskinson’s bold prediction of Bitcoin potentially hitting $500,000. He implies that such a monumental rise in Bitcoin could indirectly spur significant growth for ADA as well.

If Bitcoin were to reach $200,000, the analyst believes that a $10 valuation for ADA wouldn’t be out of reach. He supports this viewpoint with the adage that “a high tide raises all ships,” suggesting that Bitcoin’s ascent could elevate the entire cryptocurrency market, including Cardano.

How $10 Could Be Possible for Cardano Price

Reflecting on Cardano’s past achievements, he recalls its journey from a mere $0.03 to over $1, and then to $2. He asserts that if ADA can surpass intermediate price points like $3 or $5, it may create the momentum needed for it to reach $10. He draws parallels with ADA’s previous performance, noting how it struggled to break the $1 barrier but surged past it rapidly once momentum built.

The analyst also acknowledges that reaching a $10 price would imply a market cap of around $350 billion for Cardano—still less than Ethereum’s previous all-time high. This context reinforces his belief that such a target is plausible.

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