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Highlights
- Cardano price has outperformed top companies on the S&P 500 after more than 80% returns in the last six months.
- ADA has also posted higher returns than Bitcoin and Ethereum amid a series of bullish news and developments.
- Analysts anticipate that Cardano price will continue to outperform the rest of the market and possibly reach $5 in April 2025.
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)
1. Can Cardano price reach $5 in April 2025?
2. Why has ADA outperformed the S&P 500 index?
3. Why is Cardano price gaining today?
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