Cardano to Become a Top 5 Coin Amid Relationship with Bitcoin and XRP: Top Analyst
The post Cardano to Become a Top 5 Coin Amid Relationship with Bitcoin and XRP: Top Analyst appeared on BitcoinEthereumNews.com.
A top analyst has identified a recent relationship Cardano has with two of the top three cryptocurrencies as a catalyst for its growth. Specifically, Tim Warren, an analyst on the Investing Broz show, has tipped Cardano to thrive off its new bromance with XRP and Bitcoin. Speaking on the YouTube podcast on June 3, he insisted that ADA could be one of the biggest movers in the altcoin season, potentially becoming a top-five coin. Meanwhile, the commentary follows Cardano’s show of strength, joining a broader market trend. ADA, like most other cryptocurrencies, dropped amid the feud between Donald Trump and Elon Musk but has rebounded 7% from its lows of $0.619 on Thursday. Cardano to Explode with Recent Partnerships Cardano and its founder, Charles Hoskinson, have been strategic with their recent activities. The team behind the layer 1 network is not just building; it is forming strategic relationships with other chains. Among them are Bitcoin and Ripple. Hoskinson has turned things around with the XRP community and has recently allied with Ripple, a fintech company and a major contributor to the XRP ecosystem. He has reiterated several times that he is in contact with Ripple CEO Brad Garlinghouse and has a good relationship with the company. Notably, Ripple released a video featuring Cardano’s logo in the intro, sparking speculation that something could be in the pipeline. Meanwhile, Cardano has sought ways to unlock trillions of dollars of liquidity from the Bitcoin network. Through strategic partnerships and the recent launches on the Lace wallet, it is finally bridging DeFi functionalities to Bitcoin. Warren insisted that Cardano could leverage not only the liquidity from the impending Reeve upgrade but also from its DeFi venture on the XRP and Bitcoin ecosystems to perform exceptionally in the altcoin season. The partnerships would also boost…
Filed under: News - @ June 7, 2025 6:27 pm