Cardano">Cardano (ADA) is poised for massive gains in the current crypto bull run according to cryptocurrency analyst Crypto Capital Venture. He believes the altcoin could surge 500% based on its technical position which is over 80% below its all-time high of $3. Additionally, he draws parallels to a previous crypto bull run when Cardano rallied over 2700% after being in a similar position right under $1 where people doubted it would reach that level again.
Comparatively, top altcoins like Ethereum have less potential for gains given ETH is currently only around 90% away from its peak. However, the analyst says newer altcoins like Avalanche, Solana, and Polkadot are harder to predict due to limited historical price data. For those cryptocurrencies, factors like market capitalization growth rate should be assessed alongside distance from all-time highs.
Overall, the analyst remains incredibly bullish on the crypto market, expecting Bitcoin’s halving-driven boom to also positively impact altcoins. Cardano in particular is considered ripe for massive gains based on historical data and current prices. Its 500% surge potential would bring ADA to $2.50, with speculative targets reaching as high as $7-10.
