Cardano price could rise astronomically if it lags behind the broader market performance as Ethereum hits $20,000 and Solana hits $2,000.
This is the case according to market commentator King Aryan, who insists that he is looking for the next 00x GemstoneThe expert made this statement at the beginning of the year, when the crypto market corrected the first quarter gains.
The underperformance of the ADA
Notably, ADA has suffered one of the worst declines during the market-wide retracement. Cardano price has abandoned several support levels since its breakdown in mid-March. Recall that ADA rose to a new yearly high of $0.8100 on March 14, a day after Bitcoin (BTC) hit a high of $0.8100. its all-time high.
However, when BTC gave back its gains, Cardano fell with the rest of the market and has maintained its bearish trend ever since. ADA is currently trading for $0.336, almost 59% below its yearly high. In comparison, Bitcoin is only 20% below its all-time high on March 13.
Cardano’s unique bearish situation is due to its inability to post substantial short-term recoveries like the rest of the market. In Toncoin’s (TON) recent recovery, the token recently overtook ADA to become the tenth largest crypto asset. This development drove Cardano no longer on the top 10 list.
Cardano price if ETH hits $20,000 and SOL hits $2,000
Despite the bearish trend, analyst King Aryan expects Cardano to rise with the rest of the market when the bull run resumes. He recently presented Price targets for Bitcoin and nine altcoins, including ADA.
According to his claim, Ethereum (ETH) could reach $20,000 at the end of this bull cycle, which represents an increase of 666% from the current price. In addition, the expert believes, Solana (SOL) can rise to a new all-time high of $2,000. This would represent a massive 1,308% increase in Solana value.
Meanwhile, he has set his target for Cardano price at a whopping $75, a massive jump from current levels. Notably, at the time of reporting, Cardano is currently changing hands for $0.3360. The cryptocurrency would need to skyrocket by a massive 22,221% to reach that level, one of the highest projected growth rates on Aryan’s list.
The analyst now sees Bitcoin rises 746% to $500,000 and XRP rises 3,233% to $20. While some of these targets are easier to achieve, others, like Cardano’s $75 target, could run into trouble. A price of $75 would increase ADA’s market cap to $2.7 trillion, more than double Bitcoin’s current valuation.
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