The Modern Investor, a prominent YouTube personality, recently suggested that Cardano (ADA) reaching $10 is “definitely possible” during a strong altcoin season.
Currently, Cardano is trading at $0.6578, down over 3% in the past 24 hours. The altcoin has also hit a weekly low, falling 7.9% over the past 7 days. To reach the projected $10 mark, ADA would need to surge approximately 1,420% from its current price.
A key factor influencing the YouTuber’s bold outlook on ADA is a series of fundamental developments working in Cardano’s favor. He notably referenced a recent statement by Cardano founder Charles Hoskinson, who subtly commented on ADA’s price potential.
Hoskinson mentioned that ADA could reach price targets of $3, $5, and possibly $10 as the ecosystem continues to mature.
This perspective aligns with internal developments, including strategic efforts to integrate Bitcoin staking and support Ripple’s stablecoin, RLUSD.
Strategic Developments with Ripple and the XRP Ledger
Cardano’s leadership has confirmed active discussions with Ripple regarding the potential integration of the RLUSD stablecoin. In January 2025, Hoskinson stated via X that calls had already taken place with Ripple’s team.
Talks began after meetings between Cardano and Ripple executives, including CTO David Schwartz, in November 2024. The goal is to bring RLUSD into Cardano’s ecosystem, potentially through the Midnight privacy sidechain.
Meanwhile, plans are also in motion to integrate the XRP Ledger with Cardano. These developments indicate an expanding effort to bridge ecosystems, positioning Cardano as a multi-chain platform.
Jane, we've already had a call with the RLUSD people. We are actively talking
— Charles Hoskinson (@IOHK_Charles) January 13, 2025
Lace Wallet Enhancements
In parallel, Cardano’s native wallet, Lace, reached a significant milestone with the release of version 1.22. This update introduced Bitcoin support within its beta program, marking Lace’s initial move toward becoming a multi-chain wallet.
Users can now send, store, and manage Bitcoin directly through the Lace interface. Hoskinson acknowledged this development on X, confirming the update’s alignment with Cardano’s broader cross-chain strategy.
Other Analysts Projecting $10 ADA
Various analysts have weighed in on ADA’s future price potential elsewhere. Dan Gambardello, founder of Crypto Capital Venture, projected a price increase to $10 per token.
Meanwhile, TradingView contributor CobraVanguard provided a more conservative technical analysis. He identified a bullish flag pattern on ADA’s 3-day chart. Following a steep rise from $0.30 to above $1.30 between November and December 2024, ADA entered a downward-sloping flag formation. Resistance has held at $1.30, $1.10, and $0.90, while support levels remain firm around $0.63 to $0.56.
However, the analyst noted that traders should wait for a breakout above the flag’s upper trendline. If that occurs, a move toward $1.3387 could materialize.
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.
