Is ADA the Sleeper Pick for the Next Bull Run? Hoskinson's $250K BTC Forecast Says Yes

ADA has risen by 1.5% in the past 24 hours, with its move to $0.644 coming as the crypto market suffers a 2% loss today.

The cryptocurrency market has seen a 2% decrease in the past 24 hours, as the price of Bitcoin dropped by 1.5%.

This decline follows a period of stability for the world’s leading cryptocurrency, which had managed to avoid any significant drops despite the recent market turbulence.

As the market shifts, investors are keeping a close eye on the potential for new gains, especially with predictions from Charles Hoskinson, the founder of Cardano, suggesting that we could be seeing even bigger gains for Bitcoin, potentially to the levels of $250,000 by the end of this year or the next.

This prediction, if realized, would translate into a 195% increase from Bitcoin's current price.

If we were to assume a similar gain for Cardano, we might see the price of ADA reaching $1.90.

Is ADA the Sleeper Pick for the Next Bull Run? Hoskinson’s $250K BTC Forecast Says Yes

In an interview with CNBC, Charles Hoskinson, the founder of Cardano, expressed his bullish outlook on the cryptocurrency market.

According to Hoskinson, his optimism stems from an expectation that the recent tariff issues will gradually fade and stabilize, leading the Federal Reserve to decrease rates in an effort to stimulate economic growth.

In such a scenario, Hoskinson predicts that Bitcoin will soar to $250,000 next year, pulling the entire crypto market along with it.

This prediction is based on Hoskinson's belief that the recent surge in the crypto market was abruptly halted by President Trump's tariffs, which resulted in $760 billion being pulled out of the market and 710,000 traders being liquidated. However, despite this setback, the market managed to recover within 48 hours.

"This is how hot the markets are," Hoskinson remarked.

"This cycle is institution-led. I think Bitcoin $250,000 minimum," he added.

Where exactly this will take ADA is open to interpretation, but one thing that’s certain today is that the altcoin has outperformed the market average.

Its one-day chart (below) shows the coin bouncing up after hitting what looks like a bottom.

Of particular interest is the 30-day average (orange), which fell below the 200-day (blue) at the start of April but has now flattened out.

At the same time, ADA’s relative strength index (purple) has jumped up from the low 30s a week ago to almost 50 today, a sign of increased buying pressure.

And while it may be a subtle changing, the funding rate for ADA futures has been positive for several days now, after a period in which it was either consistently negative or see-sawing between negative and positive.

This suggests that the coin may be turning a corner, and given that it has some of the strongest fundamentals in the market, it should rise strongly soon.

It may reach $0.70 in the next few days and $1 by H2 of this year.

Newer Alts Show More Momentum

As bullish as the long-term picture looks for ADA, it may still be a while before the whole tariff situation resolves itself, in which case the alt may not make significant progress.

However, one way of posting quick returns during leaner periods is to consider presale coins, which under the right conditions can rally hard when they list for the first time.

One such coin showing very strong momentum is Solaxy (SOLX), a layer-two network for Solana that has now raised $30 million in its ongoing sale.

This makes it one of the biggest sales of the year, and with over 74,000 followers on X, it’s clear that Solaxy is already proving hugely popular.

As the first proper L2 protocol for Solana, Solaxy will provide users with ultra-low transactions fees and faster confirmation times.

It also offers instant bridging between itself and Solana, with its team planning to add compatibility with other networks once the platform is up and running.

Solaxy is aiming to tap into Solana’s meme coin ecosystem in order to become an important hub for meme tokens in its own right.

And given that its native token SOLX will be necessary to pay for transaction fees, the new alt could attract some serious demand.

Investors can buy it now by going to the Solaxy website and connecting a suitable wallet (such as Best Wallet), with SOLX available at $0.001694.

This price will rise in under two days, and will continue to rise periodically until the sale ends, so buyers should act quickly.

News data source: kdj.com

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