Bitcoin's upcoming Halving event is casting a spotlight on nearly every cryptocurrency, including Cardano's ADA, which is expected to see a substantial surge. While Bitcoin is projected to experience a modest decline rather than a significant increase, ADA is forecasted to surpass the $1 milestone post-Halving, anticipated to occur on April 20, 2024, alongside the Runes upgrade.

Crypto enthusiast Dan Gambardello predicts that ADA will adopt a parabolic trajectory following Bitcoin's Halving, potentially reversing Cardano's bearish trend.

Cardano has long been striving to reach the $1 mark and is currently priced at $0.4665, showing a 2.75% increase in the last 24 hours. There's a sense of anticipation among ADA holders, suggesting further price rises in the days ahead, with an initial climb estimated at 25% to pave the way for additional milestones.

Driven by NFTs and DeFi, Cardano's network is seen as one of the most promising blockchains, with expansion strategies in place.

Dan suggests that Cardano's "season" is approaching rapidly, indicating a potentially pivotal moment for the ecosystem. There's a positive narrative surrounding ADA, with optimism that it will perform well. Current resistance levels for ADA are observed at $0.47, $0.49, and $0.51, with support levels revised to $0.44, $0.42, and $0.40.

Bitcoin's current price sits at $65,018.91, showing a 3.52% increase in the last 24 hours. Despite retracing from its high of $73,000, the current upward movement is significant, surpassing the previous low of $60,000 and potentially paving the way for a new all-time high (ATH) of $100,000 by the end of 2024.

Cardano could also benefit from the Chang Fork update, aimed at enhancing network performance. If successful, analysts speculate that ADA could exceed the $3 mark, possibly within the next 1-2 years, contingent on ADA reaching $1 after Bitcoin's Halving.

Overall, altcoins are poised to rise following Bitcoin's Halving, attracting interest from investors and traders across the market.