The cryptocurrency market is heating up again, and two very different projects are catching investor attention – Cardano (ADA) and Pi Network (PI).
With Ethereum’s recent surge to $4.6K signaling the possible start of altcoin season, traders are asking the same question: which of these two coins will hit $5 first?
Cardano (ADA) – A Proven Market Contender
Cardano is a third-generation proof-of-stake blockchain known for its research-driven development approach. Founded by Charles Hoskinson, one of Ethereum’s co-founders, Cardano’s roadmap spans multiple eras – from foundational upgrades to governance and scaling solutions like Hydra.
ADA’s all-time high stands at $3.01, meaning a $5 target would require a strong market push but is still within historical reach. Recent data shows:
- Whale Accumulation: Over 200M ADA bought in just two days.
- Long-Term Holders at Record Highs: More than 15B ADA hasn’t moved in over a year.
- ETF Speculation: Odds for a spot ADA ETF approval are reportedly around 75%, which could trigger major institutional inflows.
With supply increasingly locked and demand growing, ADA is already showing signs of a breakout above key resistance levels.
Its $30B market cap, established exchange presence, and previous peak performance make a climb to $5 plausible in the right market conditions.
Pi Network (PI) – The Community Giant Still in Waiting
Pi Network takes a different approach, allowing users to mine PI tokens from their smartphones via the Stellar Consensus Protocol. Since launching in 2019, it has amassed one of the largest communities in crypto, but remains in its enclosed mainnet phase – meaning PI tokens are not yet freely tradable on major exchanges.
Current PI prices seen on certain platforms are based on IOU trading and do not reflect a real market value. These IOUs once hit $300 in speculative spikes, but now sit under $0.40 – an all-time low.
Key points for Pi Network:
- Massive User Base: Millions of active “Pioneers” worldwide.
- Ecosystem Expansion: Integration of fiat on-ramps and AI-powered robotics investment.
- Main Hurdle: The open mainnet launch date is still unknown, delaying its entry into the real market race to $5.
While community enthusiasm is high, without an official exchange listing and transparent price discovery, PI’s journey to $5 hasn’t truly started.
Market Timing and Altcoin Season Outlook
The broader market trend favors ADA in the near term. Ethereum’s approach toward its all-time high often precedes altcoin season, where established projects typically rally first. ADA is already benefiting from institutional accumulation and positive regulatory signals.
Pi Network, despite its potential, may miss this immediate wave if the open mainnet launch is delayed, meaning it could lag behind in capitalizing on current bullish momentum.
Verdict – ADA Leads the Race
In the race to $5, Cardano is the clear frontrunner. Its proven price history, large market capitalization, growing whale activity, and possible ETF approval give it multiple catalysts that could fuel a rally.
Pi Network remains an intriguing long-term play, but without a real market price and open mainnet, it faces significant hurdles before it can compete with ADA’s momentum.
For now, Cardano is already sprinting down the track – while Pi Network is still waiting for the starting gun.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/pi-network-vs-cardano-which-one-will-reach-5-first/