Top YouTuber Alex Becker reiterated his bullish stance on Cardano, stating his price target if Ethereum reaches a new all-time high.
Ethereum to $4,000 or $5,000 could happen as early as this month, according to FundStrat’s CIO Thomas Lee. If this materializes, some suggest that most altcoins will surge in tandem.
Specifically, millionaire YouTuber Alex Becker shares a bullish outlook for Cardano, the ninth-largest cryptocurrency by market capitalization. According to him, ADA would rally to a new all-time high if Ethereum surges to $5,000.
Cardano Is Easily Going to $5
Notably, Becker asserted in his July 21 podcast that Cardano could easily rally to $5 in a bullish market condition. For context, this would mark a 474% or nearly 6x surge from the current price of $0.87.
Why is Becker, a long-standing Cardano community critic, repeatedly bullish? This is because he feels the ecosystem is maturing. In the podcast, he highlighted that Cardano has amazing technology backing it and a visionary leader in Charles Hoskinson.
“I think Charles Hoskinson is probably one of the better leader figureheads in crypto,” Becker added.
Remarkably, this is not the first time that Becker has shared bullish predictions for Cardano despite admitting it makes “his skin crawl.” He predicted in March, when Cardano was trading around $0.735, that it would rally four to five times from there.
Again, he claimed in May that Cardano will outperform “Ethereum killer” Solana. He noted that this does not mean that SOL will not rally this cycle, but he believes Cardano will offer better portfolio upside for holders.
Top Analyst Shares Complementing Bullish Cardano Prediction
Meanwhile, Ali Martinez has a similar bullish stance on Cardano’s trajectory. He noted in a tweet that Cardano is definitely reclaiming $1. To him, it is not a matter of if, but when Cardano would do so.
An accompanying chart shows that Cardano recently broke above a crucial resistance level in the daily chart. ADA’s 20% weekly gains pushed it past the $0.84 supply wall, and Martinez highlighted that the next target is the resistance line above the $1.05 price level.
Notably, Cardano last reached $1 in early March, during a period of price fluctuation following Donald Trump’s executive order establishing a national strategic crypto reserve.
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.
