Ethereum News Today: Cardano ADA's wedge breakout targets $2.30 (155% gain) as founder predicts Ethereum flippening

Cardano’s (ADA) recent price action has intensified speculation about a potential market shift, with its founder, Charles Hoskinson, forecasting a “flippening” scenario where ADA could surpass Ethereum in market capitalization. The token is currently consolidating in a falling wedge pattern near $0.81, and a breakout above key resistance levels could propel it to $2.30—a 155% increase from its current price [1]. This projection is underpinned by technical indicators, including a golden cross (50-day EMA crossing above the 200-day EMA) and a rising RSI, which signal growing bullish momentum [1].

Whale activity further supports the bullish case. Analyst Ali Martinez reported that over 1.4 billion ADA tokens were purchased in the past week, with more than 137 transactions exceeding $1 million each [1]. Institutional interest has also spiked, as evidenced by ADA’s 21.9% gain in a week, outperforming major cryptocurrencies like Ethereum, Dogecoin, and Bitcoin in Grayscale’s latest weekly returns ranking [1]. These movements suggest growing confidence in Cardano’s platform, particularly its energy-efficient architecture and upcoming upgrades such as the EUTXO model and decentralized identity solutions [1].

The founder’s prediction of an Ethereum flippening hinges on several factors. Cardano’s deterministic fee model and focus on formal code verification are presented as advantages over Ethereum’s gas fee volatility [1]. However, achieving this would require sustained institutional adoption, regulatory clarity, and successful execution of Cardano’s roadmap. Critics argue that Ethereum’s first-mover advantage, robust developer ecosystem, and dominance in DeFi and cross-border payments pose significant challenges to ADA’s ascent [1].

Market reactions remain mixed. While ADA’s 40% surge in 7-day trading volume reflects heightened retail and institutional activity, Ethereum has shown resilience, maintaining its leadership in smart contract platforms [1]. The $2.30 target’s feasibility also depends on broader market sentiment toward energy-efficient blockchains and Cardano’s ability to address scalability and usability concerns.

Source: [1] [ADA wedge breakout could trigger 155% upside to $2.30, founder predicts Ethereum flippening] https://invezz.com/news/2025/07/24/ada-wedge-breakout-could-trigger-155-upside-to-2-30-founder-predicts-ethereum-flippening/