Prominent market pundit Alex Becker has suggested that Cardano could easily record a four to fivefold upside from the current market dip.
He shared this bullish sentiment in a Tuesday YouTube podcast. According to him, Cardano could deliver a 4x to 5x gain to smart buyers who leverage the recent dip to stack the layer-1 digital asset.
The eighth-largest cryptocurrency had a mixed price reaction earlier this month but has generally been bearish. The asset has been on a downward spiral since an over 53% increase in a single day to reclaim $1 on March 2 following Donald Trump’s inclusion in the US crypto reserve.
Nonetheless, Becker, who has often criticized Cardano, has suggested that the asset’s price is ridiculously low. He insisted that market enthusiasts who acquire ADA and most other high-caliber digital currencies at this point could easily post staggering gains.
Pundit Urges to Buy the Dip
Becker stressed that the latest downside has presented a massive buy opportunity for Cardano and other assets. He likened it to the over 25% Bitcoin crash from its all-time high to the discount the market saw during the FTX and Covid-19 pandemic crash.
Meanwhile, he noted that each of the downsides has usually proved rewarding for diamond hands, and this would not be an exception. As a result, he urged crypto enthusiasts to look past the current dip and buy assets that have long-term viability.
He mentioned a few assets “that are going nowhere,” including Cardano. According to him, the asset could easily grow fourfold or fivefold when the market rebounds and targets multiple all-time highs in the long term.
The pundit also mentioned Solana, Near, and Bittensor as blue-chip cryptos that would continue uptrends. Although he suggested that the multiple-fold surge may not happen this cycle, he insisted it would happen “within years.”
Cardano Set for a Quick Rebound?
Meanwhile, the AI-focused Hyros founder’s analysis correlates with recently emerging dispositions around ADA’s prices. Recent commentary suggests that Cardano has flashed a reversal signal amid a whale reawakening and could be set for a rebound to $0.92.
Furthermore, analyst Dan Gambardello’s speculations suggest that Cardano’s super trend to $10 remains intact despite the dip. Hence, he insinuated that the layer-1 coin could rebound extensively from the intense correction to unprecedented prices.
In the meantime, Cardano trades at $0.735, up 2% today after an impressive 8% surge yesterday.
