- Altcoin ADA could hit $11.40 ATH this bull cycle.
- This event will occur if Cardano were to flip Ethereum in total market cap.
- How far can the prices of ETH and ADA pump this bull cycle?
The crypto community has high expectations for altcoins in the coming altseason phase of the ongoing bull cycle. To ensure they can maximise the benefits of a parabolic altseason pump, analysts are attempting to predict the extent to which some altcoins can surge and are considering various potential outcomes for comparison. In one case, some notice that ADA price could hit $11.40 ATH if Cardano were to flip Ethereum in total market cap.
ADA Could Hit $11.40 ATH if Cardano Flips Ethereum in Market Cap
Expectations for altcoin prices to hit new ATHs during this ongoing bull cycle’s altseason peak phase continue to gain momentum as several promising and highly altcoins show bullish signs and prints bullish indicators across their respective price charts. So far, only a handful of altcoins have gone on to set new ATH prices; these include ETH, BNB, SOL, ONDO, FET, and SUI.
Meanwhile, other altcoins have been growing stronger, steadily reclaiming the price range of their previous ATH prices or working their way up to reclaim their previous ATH targets. In detail, most legacy altcoins have been showing strong signs of steady pumps, such as Ripple’s XRP, which is very close to its previous ATH price, and Cardano’s ADA, a popular asset expected to hit several new highs this altseason.
At the moment, all eyes are on Ethereum (ETH), as it is the pioneer crypto asset that is expected to lead the altseason peak phase. With Ethereum having just made its first new ATH record this bull cycle, expectations for more ATH prices in the coming weeks ahead are high. However, the September correction expectation has led to FUD sentiments, which could lead to lower prices instead.
Will Altcoin Face a Correction?
At the moment, analysts don’t think altcoins will face as heavy a correction as Bitcoin is expected to face during the expected correction. Thus, analysts continue to watch altcoin charts closely, expecting parabolic, if not exponential, price pumps for altcoin prices in the coming days ahead. Presently, analysts are watching Cardano as closely as they are watching Ethereum.
According to the post above, the price of ADA could only hit a new ATH price of $11.40 if Cardano can go on to flip ETH in market cap. This would be a huge move for ADA if it were to come true. However, the expectation is not too far-fetched, as beating ETH is the ultimate goal for the Cardano ecosystem, and its Founder, Charles Hoskinson, believes it is very much possible, with the blockchain’s recent success. Perhaps all this success will eventually reflect on the price of ADA soon.
