Crypto analyst Jason Pizzino doesn’t think Cardano (ADA) will reach new all-time highs this cycle. He shared this prediction with his 337,000 YouTube followers.
ADA Lacks the Necessary Strength
Pizzino argues that ADA’s current market performance is too weak for a significant price surge. He’s skeptical, stating that reaching even $10 this cycle would be a surprise. He essentially sees ADA as potentially wasting investors’ time.
Comparing ADA and Solana
Pizzino compares ADA’s price action to Solana (SOL), another Ethereum competitor. He highlights a key difference: Solana is showing significant strength and is nearing its all-time high.
Solana’s Strong Performance
Solana’s chart, according to Pizzino, shows a clear upward trend. It’s already up significantly from its lows and is approaching its previous all-time high, suggesting further gains are possible. He uses the analogy of a plane needing to take off – Solana is ready for takeoff, while ADA is still on the ground.
ADA’s Stagnant Performance
Conversely, ADA is lagging. While it’s showing some gains, Pizzino believes it’s unlikely to reach its previous all-time high, let alone surpass it, before the cycle ends. He points out that ADA holders are essentially “burning fuel” without making significant progress.
Current Market Prices
At the time of writing, Solana (SOL) is trading at $215, up 2% in the last 24 hours and a whopping 312% over the past year. Cardano (ADA), on the other hand, is at $0.58, up 2.5% in the last 24 hours and 62% over the past year.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies./p>
