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The Modern Investor, a prominent YouTube personality, recently suggested that Cardano ($ADA) reaching $10 is “definitely possible” during a strong altcoin season.
Currently, Cardano is trading at $0.6578, down over 3% in the past 24 hours. The altcoin has also hit a weekly low, falling 7.9% over the past 7 days. To reach the projected $10 mark, $ADA would need to surge approximately 1,420% from its current price.
A key factor influencing the YouTuber’s bold outlook on $ADA is a series of fundamental developments working in Cardano’s favor. He notably referenced a recent statement by Cardano founder Charles Hoskinson, who subtly commented on $ADA’s price potential.
Hoskinson mentioned that $ADA could reach price targets of $3, $5, and possibly $10 as the ecosystem continues to mature.
This perspective aligns with internal developments, including strategic efforts to integrate Bitcoin staking and support Ripple’s stablecoin, $RLUSD.
Strategic Developments with Ripple and the $XRP Ledger
Cardano’s leadership has confirmed active discussions with Ripple regarding the potential integration of the $RLUSD stablecoin. In January 2025, Hoskinson stated via X that calls had already taken place with Ripple’s team.
Talks began after meetings between Cardano and Ripple executives, including CTO David Schwartz, in November 2024. The goal is to bring $RLUSD into Cardano’s ecosystem, potentially through the Midnight privacy sidechain.
Meanwhile, plans are also in motion to integrate the $XRP Ledger with Cardano. These developments indicate an expanding effort to bridge ecosystems, positioning Cardano as a multi-chain platform.
Jane, we've already had a call with the $RLUSD people. We are actively talking
— Charles Hoskinson (@IOHK_Charles) January 13, 2025
Lace Wallet Enhancements
In parallel, Cardano’s native wallet, Lace, reached a significant milestone with the release of version 1.22. This update introduced Bitcoin support within its beta program, marking Lace’s initial move toward becoming a multi-chain wallet.
Users can now send, store, and manage Bitcoin directly through the Lace interface. Hoskinson acknowledged this development on X, confirming the update’s alignment with Cardano’s broader cross-chain strategy.
Other Analysts Projecting $10 $ADA
Various analysts have weighed in on $ADA’s future price potential elsewhere. Dan Gambardello, founder of Crypto Capital Venture, projected a price increase to $10 per token.
Meanwhile, TradingView contributor CobraVanguard provided a more conservative technical analysis. He identified a bullish flag pattern on $ADA’s 3-day chart. Following a steep rise from $0.30 to above $1.30 between November and December 2024, $ADA entered a downward-sloping flag formation. Resistance has held at $1.30, $1.10, and $0.90, while support levels remain firm around $0.63 to $0.56.
However, the analyst noted that traders should wait for a breakout above the flag’s upper trendline. If that occurs, a move toward $1.3387 could materialize.
coindesk.com
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