A popular market commentator has expressed optimism about Cardano, forecasting that ADA will have a major rally similar to XRP’s recent performance. Sheldon the Sniper, the host of the Crypto Banter podcast, shared this bullish projection during his recent livestream. During the livestream, Sheldon sent a shoutout to the Cardano community, emphasizing that he loves its members and is optimistic about the project’s native token, ADA. Notably, he speculated that investors will experience a “Cardano explosion again,” meaning that ADA will embark on another strong rally. Interestingly, he suggested that this upcoming explosion could be similar to what XRP did, potentially replicating the performance of the third-biggest cryptocurrency. twitter.com/angrycryptoshow/status/1955048720103289099 XRP Explosive Surge For context, XRP stunned the broader crypto market with an incredible performance over the past few months. XRP, which is currently trading above the $3 price region, was hovering around $0.50 in November 2024. Its underperformance at the time was attributed to the developments relating to the SEC v. Ripple lawsuit. However, XRP got its breakthrough after Donald Trump was re-elected in November 2024. With Trump changing the SEC leadership, XRP’s price reached a multi-year high of $3.34 in January 2024, marking a 568% increase from the $0.5 price level. Last month, the token rallied to $3.65 amid a broader market rally. However, it failed to sustain this momentum, failing to reclaim or surpass its previous ATH at $3.84. Currently, XRP is trading at $3.15, representing a surge of 530% from the $0.5 level. Cardano Performance Although Cardano has seen a significant price surge since the election, it still lags behind XRP in gains over the past few months. Before the election, ADA’s price hovered around $0.35. ADA witnessed its biggest price surge after Trump’s re-election in early December, when its price rose to a multi-year high of $1.31, representing an increase of 274% from the $0.35 level. It has since retraced to $0.78, where it currently trades. Based on Sheldon’s commentary, Cardano could witness a substantial rally, akin to XRP’s incredible performance. This could push the price of ADA to unprecedented levels. For context, if ADA follows XRP’s trajectory and sees a minimum growth of 500%, its price could spike to $4.68 from the current $0.78. It is worth mentioning that Sheldon did not set a price target for Cardano. In the meantime, Cardano boasts of several developments that could propel ADA’s price to a major rally. This includes the rollout of Midnight on the Cardano blockchain, which founder Charles Hoskinson believes will propel Cardano to the next level. Phase 2 of 2025 Alt Season Imminent Meanwhile, Sheldon is confident that the second phase of the 2025 Alt Season is just around the corner. According to him, phase two of the Alt Season will commence immediately Bitcoin surpasses its previous ATH of $123,091. However, he speculated that the market will first experience a slight correction after Bitcoin’s breakout before altcoin prices rally sharply.
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