A few days ago, when Donald Trump announced that Cardano (ADA) would be included in the U.S. reserve, its price skyrocketed beyond expectations. In just two hours, it surged over 60% and crossed the $1 mark.
The next day, escalating trade tensions wiped out gains across many cryptocurrencies. But despite the broader market downturn, Cardano still holds above $0.90 – over 35% higher than a week ago. Now, speculation is growing. Could ADA reach new heights, even climbing to the $10 mark? Let’s take a closer look.
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Cardano’s Recent Price Movements
Cardano’s current price levels above $0.90 aren’t entirely new territory. After the U.S. elections last November, ADA climbed from $0.30 to $1.20 within a month. That rally stalled due to resistance and volatility, but apart from unpredictable market crashes, Cardano has mostly managed to hold near $1 during bullish periods.
The fact that it’s back at these levels after such a long time suggests renewed investor confidence. The last time ADA traded around $1 was in 2022. This could signal a shift in sentiment – but does it mean a path to $10 is realistic?
How Far Is the All-Time High?
Cardano’s all-time high (ATH) was $3.10, set in 2021. At that time, its market cap soared past $90 billion. To surpass that peak, ADA would need to climb nearly 230% from its current price.
A new ATH isn’t impossible, but it won’t happen overnight. With a market cap already at $33 billion, ADA would need a significant amount of new capital to break into fresh highs. Even with the excitement surrounding the crypto reserve news, further momentum will be required.
Cardano also faces competition from other major blockchain projects. To reach its previous ATH, it would have to outperform Solana and BNB. This is no small feat.
Is $10 Even Possible?
Reaching $10 would be an entirely different challenge. To get there, ADA would need a 1,000% price increase. This would push its market cap to over $330 billion – higher than Ethereum’s current valuation and higher than the combined market caps of XRP, BNB, and Solana.
For this to happen, one of two things would need to occur:
- Cardano would have to introduce groundbreaking innovations that give it a major advantage over other blockchains.
- The entire crypto market would need a massive influx of capital, sending all major assets – including ADA – to unprecedented levels.
While the recent U.S. reserve announcement is certainly bullish, it’s not enough on its own to drive ADA to $10. Historically, as cryptocurrencies grow larger in market cap, their price movements slow down. This means that while smaller assets can see massive percentage increases, larger ones face more resistance.
The Bottom Line
Speculation is part of the crypto market, and it’s easy to get caught up in wild predictions. But looking at the numbers, it’s clear that while a return to ADA’s previous all-time high is challenging but possible, hitting $10 is an entirely different story.
For Cardano to reach such a level, it would need either a game-changing development or a much larger crypto market. While it’s not completely out of the question, investors should be realistic about the challenges ahead.
Many media articles and influencers make bold price predictions without much reasoning behind them. A few months ago, we compared all the major Cardano price forecasts – from those predicting ADA’s collapse to those saying it would go far beyond $10 – and explained why most of them didn’t add up. You can read that article here.
