{"id":376204,"date":"2025-02-27T21:06:05","date_gmt":"2025-02-27T15:36:05","guid":{"rendered":"https:\/\/dripp.zone\/news\/millionaire-alex-becker-reveals-the-next-cardano-price-target-crypto-news\/"},"modified":"2025-02-27T21:09:33","modified_gmt":"2025-02-27T15:39:33","slug":"millionaire-alex-becker-reveals-the-next-cardano-price-target-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/millionaire-alex-becker-reveals-the-next-cardano-price-target-crypto-news\/","title":{"rendered":"Millionaire Alex Becker Reveals the Next Cardano Price Target – Crypto News"},"content":{"rendered":"

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After shedding 50% of its value from its highest level in 2024, Cardano price may stage a parabolic rally to between $4 and $5, according to a popular millionaire. ADA coin has crashed to $0.67, a price action that is in sync with that of other USA coins like Chainlink and Solana.<\/span><\/p>\n

Millionaire Alex Becker Delivers Cardano Price Prediction<\/strong><\/h2>\n

Alex Becker, a millionaire who started Hyros, a $170 million company, has come out with a bullish <\/span>ADA price forecast<\/span><\/a>. <\/b>In a podcast interview, <\/span>he said<\/span><\/a> that he expects that the layer-1 crypto coin to jump to between $4 and $5 in the next crypto bull run.\u00a0<\/span><\/p>\n

With ADA trading at $0.67, such a move that implies between 500% and 650% surge from the current level. Such a surge would push Cardano\u2019s market cap, assuming Cardano\u2019s circulating supply of 45 billion coins would bring its market cap to between $180 billion and $225 billion.<\/span><\/p>\n

While that Cardano price forecast is highly ambitious, it is highly achievable as XRP, Ethereum, and Bitcoin have demonstrated. Also, Cardano has already jumped by almost 3,000% since its inception in 2017.\u00a0<\/span><\/p>\n

Becker also admitted that he was not a fan of Cardano, probably because of its smaller ecosystem compared to other chains. Cardano is often seen as a ghost chain, with most <\/span>Cardano coins<\/span><\/a> being much smaller than other chains like Solana and BNB Chain. It has a total value locked (TVL) of just $309 million, smaller than newer chains like Aptos, Berachain, and Sui.<\/span><\/p>\n

ADA Price Technical Analysis: Chart Points to a Rebound<\/strong><\/h2>\n

After soaring to $1.327 amid the crypto surge in 2024, the value of Cardano has suffered a big reversal and moved to $0.68. This crash has seen it drop below all moving averages, a sign that bears are in control.<\/span><\/p>\n

On the positive side, Cardano price has formed lower lows and lower highs. By connecting the highs and lows, it has produced a falling wedge chart pattern whose two lines are about to converge. A rebound typically happens when the two lines are about to converge.<\/span><\/p>\n

The current convergence zone is happening at the 61.8% Fibonacci Retracement, where reversals happen.\u00a0<\/span><\/p>\n