Dominic Basulto, a columnist at The Motley Fool, has named Cardano (ADA) his top pick for 2027, projecting that the token could rise roughly fivefold to reach $1 by that year.

A COINOTAG update issued at 13:01 UTC on October 24, 2026, flagged technical commentary from analyst Ali Martinez published this week, noting that Cardano had been climbing inside an ascending parallel channel since late June, a run that carried the price from $0.138 up to $0.282. An ascending parallel channel is a chart formation in which price moves between two upward-sloping parallel trendlines, a structure technical analysts use to describe a sustained uptrend, with the pattern's boundaries serving as reference levels for tracking the move. For scale, a $1 price would be roughly 3.5 times the $0.282 level reached in that channel run — arithmetic that frames the distance between the columnist's target and the most recent level cited in the technical commentary.

Background: What Cardano Is

Cardano is a proof-of-stake smart contract platform whose mainnet launched in September 2017. It was founded by Charles Hoskinson, a co-founder of Ethereum, and is developed through the combined efforts of Input Output, the Switzerland-based Cardano Foundation, and the blockchain engineering firm EMURGO. The project's native token, ADA, is named after the 19th-century mathematician Ada Lovelace.

The network is known for a research-driven development process in which protocol changes typically pass through formal specification and peer review before deployment. Its roadmap is organized into five eras named after historical figures: Byron, Shelley, Goguen, Basho, and Voltaire, with the Basho phase designated for scaling and interoperability work. The Shelley hard fork in July 2020 introduced delegated staking and network decentralization, the Alonzo hard fork in September 2021 activated smart contract functionality through the Plutus scripting platform, and the Chang hard fork in September 2024 opened the Voltaire era by bringing on-chain governance features to the network — the roadmap phase in which ADA holders can vote on governance actions, a development area readers tracking the project can follow alongside price commentary.

The Motley Fool is a financial media company that publishes market commentary written by individual columnists. Basulto's $1 scenario represents the personal outlook of an individual columnist rather than a guaranteed outcome, and such projections do not constitute investment advice.

This content was first published on COINOTAG: https://en.coinotag.com/basulto-names-cardano-ada-top-2027-pick-1-target