Crypto analyst @deezy_BTC confidently states that Cardano's ($ADA) price could reach $5 this cycle, positioning it as a leading altcoin for the year.
Analyst Prediction
@deezy_BTC believes Cardano's price could rise this cycle, pointing to a head and shoulders pattern. He noted that 'measuring from the neckline to the head's top gives the target.'
Current Cardano Metrics
$ADA has seen a 9.71% increase in the past 24 hours, rising to $0.6214 and boosting its market cap to $21.92 billion. However, the trading volume has decreased by 7.61% to $1.36 billion.
Market Outlook
If the total crypto market cap reaches $5 trillion, Cardano’s share could rise to 3.5%, pushing its market cap past $175 billion. @deezy_BTC added that if Cardano reaches this level, $ADA could exceed $5.
The analyst's observations are drawing interest from the crypto community, and many are anticipating that 2025 could be a landmark year for Cardano.
