Can Cardano price realistically jump in 400% and hit ATC 2025. Years?

Cardano price remains in the deep market of bears, losing over half of its value because he peaked in November last year.

Cardano (Ada) dropped to 0.615 USD 16. April, mirror performance of other coins on upper layer-1, such as avalanches (Avaq) and Solana (Salt). Ada is still significantly lower than its all times of $ 3.1.

There are two main reasons why Cardano could not surpass his all the time. First, while Bitcoin (Btc) He reached the record earlier earlier this year, the most popular Altcoini remains significantly below its previous peaks.

Second, Cardano did not attract many developers like other layer-1 and layer-2 blocks. This lack of development activity is the reason why “Chain of Ghosts” is often marked. Toward Defi LlamaCardano has a total value locked from only $ 300 million, lower than recently launched networks such as bynance, aptos and beeps.

Potential eaeration for Cardano is upcoming integration with Bitcoinos. This integration, which will use zero knowledge cryptography, will enable bitcoin owners to create regular income.

Using evidence of zero knowledge, integration removes the need for intermediaries, which were often inefficient. Charles Hoskinson believes That it will fully integrate with Bitcoin to bring billions of dollars in Cardano’s ecosystem.

Cardano price Technical analysis: Can Ada hit $ 3.15?

The weekly chart shows that Cardano was in a strong break after the top to $ 1,333 in November. On the positive side, he found strong support on the 100-week exponential average of the movement – a sign that the bulls defend this level.

Cardano also crossed the above upward trends related to the lowest levels of 2023. The most important thing is to form a bullish sample of falling wedges, defined by two falling and converging trenders.

The drop-down wedge will soon be convergated, pointing to a potential leap. If this happens, the initial goal will be $ 1,333, more than 117% above the current level.

Technically technically suggest that Cardano could eventually be accidentally accidentally, as it seems to be in the second phase of the Elliott wave form. However, the chances of a set of 400% of this year remain low. In order to happen, different factors must align. The cryptocurrency market should be in a powerful bull market while expanding its ecosystem.