Cardano Eyes $1.55 in 160 Days—But This Underdog Crypto Might Beat It There
Analysts are betting big on Cardano’s rally—predicting a surge to $1.55 within the next five months. Not bad for a project that still has ’academic’ written all over its whitepaper.
Meanwhile, a scrappy decentralized platform is nipping at its heels. No fancy research papers, just code that works (and maybe a few memes). Will it flip ADA before the bulls get their act together? Only your portfolio—and the occasional rug pull—will tell.
Fun fact: If both miss the mark, traditional finance bros will still blame ’crypto volatility’ while quietly YOLO-ing their bonuses into NFTs.
Cardano (ADA) Falling Wedge Breakout Signals Potential Rally Ahead
As BTC surges, most, but not all cryptos in the top 100 are doing well. And Cardano is one of the ones showing a lot of positive price action. In May alone, ADA has jumped from $0.63, to its current level of $0.82.
As the analyst The crypto Basic (@thecryptobasic) pointed out, the coin is getting more attention from Japanese traders, posting a 24-hour trading volume of $121.5 million. Twitter’s @Jimmy6xx9 notes that ADA has broken out of a falling wedge and is currently consolidating just above a breakout level. They have specified targets of $0.81, then $1.00, then $1.18.
BitMonty (@Bit_Montie) is even more bullish, seeing that ADA has successfully escaped the $0.70 zone, and predicts targets of $1.1032, $1.3127, and $1.4846.
While technical analysis is very important, nothing in crypto happens in a vacuum, especially in a bull market. Cardano’s TVL is rising steadily and now sits at $476.9m. That’s pretty low in comparison to chains like Ethereum, Solana, Tron, BSC, and many more, whose market caps sit in the billions. Still, as cardano is much newer to dApps, it’s to be expected.
Also, Cardano is now focusing on its Midnight sidechain, a privacy-focused LAYER that will run alongside the mainnet. This focus on privacy is possible thanks to the new US administration, and the chain will use zk proofs in sectors that need confidentiality, such as healthcare and finance. The chain is set to launch later this year, supposedly within the next 160 days.
Other developments include Ripple’s stablecoin RLUSD to launch on Cardano, boosting liquidity and attracting new users on chain.
If ADA’s price can keep increasing and pass the 0.72-0.75 resistance level, then $1.55 seems achievable, as long as the bull run continues.
Four Specialized Investment Funds Managed by AI Attract Attention
While Cardano’s development has been solid but slow, a new project called Unilabs is on cutting edge of the trends, as an AI backed hedge fund, and more.
The first thing they are offering is the chance to invest in four different funds, one focused on AI, another on Real World Assets, then Mining and finally BTC. These funds have been selected and composed by AI, and will be continuously managed by AI as well.
And that’s not all, as Unilabs is seeking to offer all kinds of investments to satisfy all types of risk appetites. Their AI can search out for new and promising memecoins, analyzing metrics from (real) community engagement on socials, to developer credibility.
The proprietary AI also looks for new DeFi projects to invest in, and will offer that up to their investors as part of a launchpad. While anyone can use the platform, $UNIL Token holders will get first access to these deals.
Token holders will also get airdrops from the launchpad projects, and other strategic partners.
As the UNIL token is new and in presale, this is a very early stage opportunity for investors. It’s currently on offer at $0.0051, (up 29% from its initial price of $0.004). This gives it a market capitalization of $91.8 million. This low market cap shows the size of the opportunity, when compared to Cardano’s $29.4 billion market cap.
Naturally, you can’t directly compare an established blockchain to a new project, but when considering the likelihood of doubling in price, it’s much easier for a new project like Unilabs to double to a $182 m m
