Cardano Poised to Rally 2,985%: ADA Expected to Reach $8.95 within One Year — Insiders’ Perspective

In a recent spark of enthusiasm, Finbold news, as well as crypto influencers, have ignited discussions surrounding the future of Cardano’s (ADA) price. Echoing this sentiment, Ali Martinez (@Ali_charts) tweeted:

#Cardano | Between 2018 and 2020, $ADA oscillated between $0.10 and $0.028 for 665 days. Then? A whopping 2,985% bull run took off after this long accumulation phase.

Fast forward to now, $ADA seems trapped in the $0.46 to $0.24 range, already for 329 days. If history and price… pic.twitter.com/tvzf7VMIsk

— Ali (@ali_charts) August 14, 2023

Cardano, which has been hovering around the $0.30 mark, has had intermittent surges past this price, only to revert back. Drawing parallels, Martinez noted that from 2018 to 2020, ADA showed a similar trading pattern, oscillating between $0.10 and $0.028 for an extended 665 days, before exploding with a 2,985% gain. This historical data forms the backbone of Martinez’s prediction that ADA, currently in a similar accumulation phase, is preparing for another significant rally.

Understanding ADA’s Performance

Despite ADA’s current position at $0.29, without much movement over the past day, its year-to-date growth is a commendable 16.5%. This comes amidst the wider crypto market’s comeback.

However, on a concerning note, ADA suffered a 17% decline over the past month, eroding $1.6 billion from its market cap.

Buy Cardano (ADA) quickly and securely with PayPal, credit card or bank transfer at eToro. Visit Website <<### Binance’s Upcoming Move

Adding to ADA’s current events, Binance, the world’s premier crypto exchange, announced plans to delist ADA and MATIC perpetual contracts on August 17. This decision follows recent lawsuits by the US Securities and Exchange Commission (SEC), which classified these cryptocurrencies as securities.

Whales Keeping the Faith in ADA

Despite ADA’s lukewarm performance in recent times, big players in the crypto space, often referred to as ‘whales’, have demonstrated their unwavering faith. Santiment, an on-chain analytics firm, revealed this trend, with a tweet emphasizing:

This surge in interest from major holders, against the backdrop of ADA’s diminishing market cap, showcases the underlying confidence in Cardano’s future potential.

Best Crypto Exchange for Everyone:

• Invest in Cardano and 70+ cryptocurrencies and 3,000 other assets.
• 0% commission on stocks – buy in bulk or just a fraction from as little as $10.
• Copy top-performing traders in real time, automatically.
• Regulated by financial authorities including FAC and FINRA.

2.8 Million Users Get Started