Market Cap: $3.4448T 2.380%
Volume(24h): $175.5868B 63.410%
  • Market Cap: $3.4448T 2.380%
  • Volume(24h): $175.5868B 63.410%
  • Fear & Greed Index:
  • Market Cap: $3.4448T 2.380%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$110548.668118 USD

3.40%

ethereum
ethereum

$2595.132839 USD

2.29%

tether
tether

$0.999904 USD

0.00%

xrp
xrp

$2.404516 USD

2.08%

bnb
bnb

$683.453521 USD

4.95%

solana
solana

$174.496453 USD

3.36%

usd-coin
usd-coin

$0.999818 USD

0.01%

dogecoin
dogecoin

$0.240522 USD

5.15%

cardano
cardano

$0.782615 USD

5.07%

tron
tron

$0.270166 USD

0.16%

sui
sui

$3.992173 USD

4.12%

chainlink
chainlink

$16.279393 USD

3.29%

hyperliquid
hyperliquid

$30.024618 USD

14.35%

avalanche
avalanche

$23.534329 USD

4.89%

stellar
stellar

$0.296995 USD

3.46%

Cryptocurrency News Articles

If Bitcoin Reaches $250K, Cardano (ADA) Could 13X From Current Levels

Apr 23, 2025 at 05:02 am

Crypto analyst Nick Valdez, known professionally as Deezy, has provided a detailed projection for Cardano's potential price trajectory

If Bitcoin Reaches $250K, Cardano (ADA) Could 13X From Current Levels

Crypto analyst Nick Valdez, known professionally as Deezy, has provided a detailed projection for Cardano’s potential price trajectory should Bitcoin reach the $250,000 milestone, suggesting gains of approximately 13X from current levels.

Cardano has displayed remarkable resilience in recent market conditions, maintaining stability and gradual upward momentum despite widespread volatility. Currently trading at $0.6444, ADA has registered a 3.12% increase over the past 24 hours and a modest 0.56% gain across the seven-day period.

In a recent analysis, Valdez examined Cardano’s performance against Bitcoin using the ADA/BTC trading pair on weekly charts. His analysis identified a long-term descending resistance trendline.

The analyst also noted that ADA recently lost support at a lower trendline. According to Deezy, these trend levels attract significant attention from large-scale investors due to historical price reactions at these boundaries.

Analyst advises Cardano holders to be patient

The analyst pointed out that Cardano currently trades at approximately 740 satoshis, substantially below its 2021 peak of 6,000 satoshis. Building on this technical foundation, Deezy developed a price projection based on a scenario where Bitcoin reaches $250,000—a forecast recently shared by Cardano founder Charles Hoskinson, who suggested BTC could approach $245,000 either this year or next.

Valdez’s calculation methodology combines multiple growth factors. Starting with ADA’s current value of approximately $0.62, he applies a projected 4.5X increase in the ADA/BTC ratio, then multiplies this by an anticipated 3X increase in Bitcoin’s dollar value. This formula yields a projected ADA price of $8.39, representing a substantial 1,250% increase from current levels.

“This projection avoids both overly conservative and wildly speculative extremes,” Deezy emphasized. “It’s grounded in historical trend analysis and realistic market behavior.” The analyst highlighted the growing relevance of Bitcoin DeFi and the UTXO model as areas where Cardano is particularly well-positioned for future growth.

Based on these factors, Deezy advised ADA holders to maintain patience rather than selling prematurely, suggesting significant upside potential may emerge in the coming market cycle.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on May 23, 2025