Cardano has been stuck below 30 cents for weeks, and its ranking among global 
cryptocurrencies has slipped to 12th place. Against that backdrop, a trader is 
now arguing the coin could still reach $2 — and sooner than most people think. 
Related Reading: Ethereum Sets User Record As Price Lags Far Behind Network 
Growth The Math Behind The Claim The argument comes from Yesreel, a crypto 
trader with six years of experience, who posted the projection on social 
media. Based on his analysis, ADA would only need to string together five to 
six days of 40–50% daily gains to close the gap between its current price and 
the $2 target. At roughly $0.25 right now, that gap works out to about 695%. 
The calculation itself holds up. Compounding works fast when daily percentage 
gains are that large. A 40% jump per day for six straight days gets ADA to $2. 
A 50% daily gain does the same in five. The math is real. Whether those gains 
can happen is a different question. $ADA can go to $2 faster than you think It 
only needs a few consecutive days with 40%-50% pumps🚀 It has happened before, 
it can happen again. — Yesreel (@Yesreel_) March 26, 2026 Yesreel says history 
gives reason to believe they can. Cardano hit an all-time high of $3.10 back 
in 2021, and it got there fast. Between August 2 and September 2 of that year, 
the token climbed from $1.32 to that peak — a gain of 134% in a single month. 
More recently, following the US presidential election in November 2024, ADA 
surged over 160% in just 15 days, jumping from around 32 cents on November 5 
to 84 cents by November 20. Past Rallies Give Bulls Something To Point To 
Those two episodes are the backbone of the bullish case. Both showed that 
Cardano can move sharply and quickly when market conditions fall into place. 
Broad investor demand, a rising tide across the crypto market, and heavy 
capital inflows were the common thread in each case. The current picture looks 
different. Crypto markets have been weighed down by macroeconomic pressure and 
geopolitical tensions, and ADA has felt that drag more than most. The token 
has spent much of the past several weeks trading below 30 cents with little 
momentum to show for it. Related Reading: UK Slaps Sanctions On $20B Crypto 
Black Market Tied To Southeast Asia Scam Rings Current Conditions Still Pose A 
Challenge No sustained breakout has materialized yet, and investor confidence 
in a near-term recovery remains shaky. Bearish pressure has been steady, and 
ADA&#8217;s slide to 12th in global crypto rankings reflects how much ground it has 
lost relative to other assets. Yesreel has not offered a specific timeline or 
a trigger event that would kick off the kind of run he is describing. His 
projection rests on the idea that when the right conditions align — rising 
sentiment, strong inflows, momentum feeding on itself — ADA has shown it can 
compress months of gains into days. Whether those conditions arrive anytime 
soon is something no one can say with certainty. Featured image from Unsplash, 
chart from TradingView

Cardano Needs A 695% Jump To Hit $2 — One Trader Says It’s Possible In Under A Week

Institutional demand is rapidly reshaping crypto trade execution as Binance’s 
OTC desk captures surging volume, signaling a decisive shift toward private 
liquidity channels and strategic positioning in bitcoin markets. Binance OTC 
Growth Reflects Rising Institutional Liquidity Demand Deepening institutional 
involvement is changing how large cryptocurrency transactions are executed 
across private liquidity venues. Binance, a global […]

Binance OTC Spike Reveals Intensifying Institutional Grip on Crypto Liquidity

The Washington attorney general became the latest state authority to sue 
Kalshi, alleging on Friday that the prediction markets operator violated state 
regulations.

Kalshi legal woes grow with Washington state gambling suit

Crypto ETFs closed the week under heavy pressure, with bitcoin posting a sharp 
outflow and ether extending its losing streak. Solana declined further, while 
XRP remained inactive. Bitcoin, Ether ETFs Deepen Losses as Weekly Selling 
Peaks The week did not end quietly. Instead, it closed with conviction, and 
not the kind bulls would have hoped […]

Bitcoin ETFs Cap Week With $225 Million Outflow as Ether Hits 8-Day Slide

Solana’s derivatives market is signaling something the price chart doesn’t 
fully show—and it matters right now. According to data from Coinglass, 
Solana&#8217;s total open interest across all exchanges is currently at $5.44 
billion, which is about 65.12 million SOL in outstanding futures contracts. 
That figure places open interest back within the same range it occupied in 
April 2025, effectively erasing nearly a full year of buildup in the asset 
Related Reading: UK Slaps Sanctions On $20B Crypto Black Market Tied To 
Southeast Asia Scam Rings A Year&#8217;s Worth Of Leverage Is Gone According to 
CoinGlass, Solana’s open interest is currently around $5.45 billion, a level 
that stands far below the peaks seen during the late-2025 run-up. From late 
April 2025, Solana&#8217;s open interest continued to climb, scaling from the $5 
billion to $6 billion range through the summer months, breaking past $12 
billion by mid-July, and ultimately peaking around $15 billion to $16 billion 
in mid-September 2025 when the SOL price was trading above $240. However, what 
followed that peak was an unwinding that has lasted for the past few months. 
Solana&#8217;s open interest fell through October and November 2025, briefly 
stabilized in December, then finally collapsed in January and early February 
2026. At the time of writing, Solana&#8217;s open interest has now dropped to $5.44 
billion, which appears to be the lowest point since early April 2025. That is 
important because it shows the Solana price ecosystem has unwound nearly a 
full year of speculative buildup. Many of the traders who were previously 
amplifying Solana’s moves through leverage are no longer as active. Solana 
Open Interest. Source: Coinglass What This Means For SOL Price The 
distribution of that $5.44 billion across trading exchanges shows that Binance 
holds the largest share at $951.84 million, which is about 17.49% of total 
open interest. This is followed by CME at $672.55 million and Bybit at $617.30 
million. KuCoin stands out in the short-term data, recording the largest 
24-hour OI change among major venues at +10.42%, though it originates from one 
of the smaller books in the table at $402.69 million. The CME open interest 
number is notable to watch, as it means that institutional participation via 
regulated futures is still holding up compared to other exchanges. Total 
Solana Open Interest. Source: Coinglass There is an important relationship 
between price and open interest. Whenever an asset&#8217;s price rises alongside 
open interest, it means new money is entering and momentum is being 
reinforced. On the other hand, when price falls and open interest also falls, 
it usually points to a reset, where positions are being closed and leverage is 
being removed from the system. Related Reading: Shiba Inu Under Pressure As 
Nearly 40B Netflow Surge Hits Exchanges This can be read in two ways. The 
bearish reading is that fewer leveraged traders means less immediate buying 
pressure and less momentum support, which can leave price vulnerable if spot 
demand does not step in. The more constructive reading is that a large part of 
the excess leverage has already been washed out. At the time of writing, 
Solana is trading at $83.51, down by 2.7% in the past 24 hours. Featured image 
from Unsplash, chart from TradingView

Cryptocurrency price in USD