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HomeCrypto NewsMarketCardano Critic Admits Buying ADA, Says ADA Could See Biggest Gains Among Top Assets, Targeting $5

Cardano Critic Admits Buying ADA, Says ADA Could See Biggest Gains Among Top Assets, Targeting $5

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A prominent Cardano critic has admitted to loading up on ADA, suggesting the altcoin could deliver the most gains among top tokens.

Alex Becker, a well-known crypto investor and YouTube analyst, has surprised market participants by continuously endorsing Cardano (ADA) as one of the top assets for the current bull market, despite repeatedly expressing his distaste for its community. 

Known for his candid and often controversial takes, Becker has nevertheless doubled down on ADA’s upside potential, identifying it as a standout among major altcoins and predicting price targets as high as $4 and $5.

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Cardano Has Biggest Upside Potential

In one of his more recent analyses, Becker positioned Cardano as the most likely among top-layer one projects to deliver outsized gains during the current bull cycle. 

He emphasized that while coins like Solana have already experienced massive price runs, moving from $12 to over $100, Cardano has yet to reflect similar upward momentum. According to him, this sets the stage for ADA to catch up and potentially outperform.

Becker believes that Ethereum still has room to grow, projecting a potential 3- 5x return for ETH in an optimistic scenario. He suggested that Ethereum could soar to a range of $5,000 to $10,000. 

However, according to him, should Ethereum hit an ATH, assets below it, including ADA, would see massive rallies. Becker called attention to several altcoins, such as Avalanche (AVAX), Sui, Dogecoin (DOGE), XRP, and Cardano. He believes they all have some upside potential.

ADA to $5?

Nonetheless, he argued that ADA could see the highest upside, arguing that its surge could be significantly greater than Ethereum’s, possibly boasting 5- 7x gains. He hinted at a bullish target of $4. However, in a previous disclosure, he suggested Cardano could go as high as $5. 

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A rally to $5 for ADA would mark a 681% increase from the current levels. Barely two weeks ago, Becker admitted that the Cardano blockchain was “fast as hell,” reiterating his $5 target. Market expert Decode and crypto exchange CoinW have also projected a $5 target for ADA.

Further, besides his $5 prediction, Becker has continually acknowledged the strengths of the Cardano chain despite his dismissive attitude toward ADA holders. He noted that Cardano’s technology is solid, even hailing the project’s founder, Charles Hoskinson, for his outspoken nature, which he ironically described as a bullish sign. 

Meanwhile, Becker’s change of stance on Cardano is also evident in his portfolio strategy. In February, he openly stated that he had exited his Solana position entirely and shifted those funds into Ethereum and Cardano. 

Notably, he acknowledged that Solana had strong performance but felt that its recent price surge had already priced in much of the upside. In contrast, Cardano, according to Becker, still offered “layup” returns with a clear path to significant appreciation.

Becker Admits to Procuring Cardano

Also, throughout the past several months, Becker has consistently highlighted Cardano’s promising technical foundation and undervaluation compared to its peers. While he has often joked about his dislike for ADA holders, his investment actions tell a different story. 

In multiple updates between January and March, Becker confirmed that he had been accumulating large quantities of Cardano, describing it as one of his biggest portfolio moves, alongside projects like TAO, ONDO, and Chainlink.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Sam Wisdom Raphael
Sam Wisdom Raphael
Sam Wisdom Raphael is a seasoned crypto news writer and journalist with 5 years of experience covering blockchain, DeFi, and crypto developments. Sam's active presence in the crypto community complements his deep understanding of the crypto space, allowing him to craft comprehensible price analysis reports and tackle technical blockchain concepts.

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