Popular crypto analyst Jason Pizzino has argued that Ethereum (ETH) rival Cardano (ADA) is unlikely to record a new all-time high (ATH) in the current market cycle.
Pizzino said that ADA has not been able to demonstrate strong market performance this cycle and therefore the likelihood of a major price increase is low.
In his new video analysis, Pizzino compared ADA to Solana (SOL), emphasizing that ADA investors are wasting their time. “If Cardano can reach $10 this cycle, maybe things will change, but right now ADA seems like a waste of many people’s time,” the analyst said.
Comparison with Solana:$SOL
Pizzino noted that Solana’s price action is much more robust than ADA’s, adding that SOL has the potential to reach its former ATH of $260 after a few major rallies.
The analyst continued by saying that Solana presented a strong chart:
“Solana has broken through $50 strongly and the price is still holding higher. It is aiming to return to its old high of $260 and could potentially go higher. But ADA is like a plane that can’t take off right now. It’s out of fuel but still can’t get off the ground.”
Risks for ADA:$ADA
Pizzino noted that Cardano investors may not have enough time to even reach ADA’s previous peak of $3. Due to ADA’s lack of market momentum, the analyst stated that it is difficult for the token to meet expectations and achieve its goals.
"ADA investors are trying to restart the engine but the aircraft is still on the ground. They need to at least reach the old peak level. However, if they want to go beyond this target, they may run out of time," he said.
Solana's Rise and Potential:
Focusing on Solana, Pizzino said that SOL’s market momentum and strong rallies offer much greater potential, saying that after SOL reaches $260, it could rise to $312 or even $400.
Pizzino’s comments clearly highlight the difference between ADA’s weak performance in the current market climate and Solana’s strong rally.