Altcoin Moe Projects that Cardano and XRP Could Surpass Their Previous All-Time High Records if Ethereum Reaches a Target of $8,000 in This Bull Season

The relief rally across the broader crypto market has reignited investors' hopes of an imminent bull run. Currently, the global crypto market cap

As the broader crypto market experiences a slight relief rally, investors are eagerly awaiting the next bull run. In light of this, several crypto experts have updated their price forecasts for top crypto assets, including ETH, ADA, and XRP.

Altcoin Moe, a pseudonymous crypto expert who has been trading since 2014, recently shared their realistic price targets for BTC and ETH, setting them at $115,000 and $8,000, respectively. According to Moe, the two leading assets by market cap could hit these targets during this season's bull run.

“Here are my realistic price targets for this #crypto bullrun:

$BTC – $115,000

$ETH – $8000

$INJ – $150

$LINK – $125

$BRETT – $1.5

$PAAL – $1

$BNB – $1,000

$TAO – $750

$XRP – $5

$ARB – $7

$SUI – $7

$LTC – $150

$AVAX – $300

$PORTAL – $20

$OMNI – $1000

$SOL – $600

$ADA – $4

$DOT -…”

While the $115,000 prediction for BTC seems new, other entities had set a similar $8,000 price target for ETH earlier this year. Notably, Standard Chartered researcher Geoff Kendrick forecasted that ETH might trade at $8,000 by the end of 2024.

Since Bitcoin and Ethereum price actions significantly impact altcoins’ performance, Moe projected that XRP and ADA would also witness significant rallies in the upcoming bull run.

Moe had previously projected XRP to rally 600% to $3.3 in the bull season. However, in the updated prediction, the veteran trader set XRP's price target for the bull run at $5. To reach this target from the current price of $0.4392 would require a 1,038% surge.

Moreover, the $5 target represents a 30.2% increase from XRP’s previous all-time high of $3.84, which was registered on January 4, 2018. Besides Moe, other top crypto experts, such as World of Charts and Ash Crypto, believe that XRP could surge to $5 in this bull season.

Furthermore, the trader suggested Cardano could be worth $4 per token if ETH hits the coveted target of $8,000. It bears mentioning that Cardano must surge 937.88% from the current price of $0.3854 to reach the $4 target, eventually setting a new ATH.

This also reflects a 29.03% increase from the previous ATH record that was set on September 2, 2021. While Moe believes Cardano could trade at the $4 target this bull season, analysts from Changelly do not expect the coin to hit the target before June 2030, approximately six years from now.

Meanwhile, XRP and Cardano’s correlation with ETH alone may be insufficient to propel their prices to $5 and $4, respectively. Both assets also require other major updates that could pave the way for such rallies.

For example, a favorable ruling for Ripple in the SEC lawsuit could serve as a major catalyst for an increase in the price of XRP. Also, the upcoming Cardano's Chang Hard Fork could play a similar role for ADA.