Over the past month, the Cardano (ADA) cryptocurrency has experienced a significant drop, losing nearly 20% of its value. This decline coincided with the broader downturn across the cryptocurrency market in late March and early April, which mirrored a similar dip in the US stock market.
Despite the recent drop, the cryptocurrency market is showing signs of recovery. Bitcoin (BTC), the market’s flagship cryptocurrency, is currently displaying bullish momentum, with analysts noting increased trading volumes and positive technical indicators that suggest further upward movement.
Historically, the cryptocurrency market tends to follow Bitcoin’s trajectory, as BTC often acts as a market leader, influencing the performance of altcoins like Cardano. Additionally, if Bitcoin maintains its upward momentum, Cardano may also benefit from renewed market confidence and an inflow of capital into the altcoin sector.
How High Can ADA Go If Bitcoin Hits $250,000?
Charles Hoskinson, founder of the Cardano Network, recently predicted that Bitcoin could climb to $250,000. He expects a surge in speculative interest by late summer, driven by market stabilization and an eventual rate cut from the Federal Reserve, which could push capital into cryptocurrencies.
Hoskinson also highlighted that economic uncertainty might prompt investors to explore alternatives like crypto. “If traditional finance becomes unstable, crypto is the most viable global solution,” he explained.
With this momentum, other major assets like XRP, ETH, BNB, and ADA could gain traction as well. Price predictions for Cardano (ADA) are on the rise. According to our expert’s technical analysis, ADA could reach $0.83 by the end of May 2025, marking a potential rally of over 25%. However, the expert doesn’t expect ADA to surpass the $1.00 mark before June.
If Bitcoin were to reach $250,000, it would represent a 320% increase from its current price. For Cardano (ADA), a similar percentage rise could push its value to $1.70. While this would still be below its all-time high, it would still mark a significant jump.
Also Read: How Much Would a $5,000 Investment in Shiba Inu Be Worth if It Hits Its All-Time High?
Disclaimer
The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.
