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Cardano (ADA) price has outperformed top companies listed on the S&P 500 index, with investors now anticipating a parabolic rally towards $10 in April 2025. With reports suggesting that President Trump might exempt some countries from reciprocal tariffs, the crypto market is experiencing some reprieve, which could bode well for ADA price next month.
Cardano Outperforms S&P 500 Companies
Cardano price has outperformed top companies in the S&P 500 index in the last six months as ADA eyes $1. The S&P 500 tracks the performance of the largest 500 companies in the US including Nvidia, Microsoft, and Tesla.
According to TapTools, Cardano holders have received an 87% return on their ADA investment in the last six months. In comparison, investors who bought Tesla or Amazon recorded a 7% and 4% return on their investment, respectively. Meanwhile, those who bought Nvidia six months ago have seen a less than 1% gain while Microsoft investors are sitting at a loss.
Besides outperforming the S&P 500 index, Cardano has also outpaced Bitcoin and Ethereum in the last six months. During this period, ADA price has gained by more than 102%. Meanwhile, BTC has posted a 38% return while Ethereum returns have been negative at 20%.
Cardano’s returns since the last quarter of 2024 indicate that this top altcoin is still a good investment despite the recent pullback. Moreover, the ongoing shift in investor sentiment after a sharp rise in the fear and greed index to a near-neutral level suggests that a bullish reversal could be near for ADA price.
Will Cardano price Rally to $5 in April 2025?
Cardano price today trades at $0.75 after a 3% gain in 24 hours. Several analysts have shared a bullish Cardano price prediction, with the price now eyeing a possible rally to an all-time high past $5.
Analyst CW identified that ADA was trending within an ascending parallel channel on the weekly chart. He added that if the altcoin flips resistance at the midline, it will not only cause a price rally to $5 but also push it towards $15.
The short-term outlook further suggests that Cardano is one of the top altcoins to buy as the price gears for an uptrend toward $5 in April 2025. Per another analyst, ADA is defending support at the lower trendline of a descending parallel channel. If it breaks this resistance at the upper trendline, it could spark a rally to the psychological level of $1.
These predictions hint at a possible turnaround for Cardano price next month. Moreover, besides the bullish thesis from analysts, other factors like the possible launch of a spot Cardano ETF could drive this price rally.
Frequently Asked Questions (FAQs)
It is likely that Cardano price reaches $5 in April 2025 if the bullish sentiment in the broader crypto market rises. Positive news like an ETF approval will also fuel such gains.
Cardano price has outperformed the S&P 500 index amid a series of positive news including the altcoin’s possible addition to a digital asset stockpile. Spot ADA ETF filings have also fuelled the bullish sentiment.
Cardano price has gained by 3% today, March 25 amid a modest recovery in the broader market. These gains follow reports that President Trump will ease reciprocal US tariffs.
muthoni
Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience dissecting blockchain trends, price movements, and market dynamics. With a sharp eye for technical analysis and an in-depth understanding of on-chain metrics, she delivers insightful, data-driven content that helps investors navigate the fast-paced world of digital assets.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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