A crypto market expert has asserted that Cardano will double its 2021 all-time high price, giving a timeline for the coin to attain the price mark.
Cardano is currently one of the top gainers in its asset class, with bullish macroeconomics fueling its recent price surge. ADA has shown impressive growth across all timeframes, with increases of 23%, 69%, and a staggering 109% in the daily, weekly, and monthly charts, respectively.
In addition to the ongoing broader market, several developments unique to Cardano has contributed to ADA’s uptrend. For instance, reports suggested that Cardano founder Charles Hoskinson could collaborate with the US government on crypto policies. Notably, ADA has surged 70% since Hoskinson disclosed the possible partnership.
Marke Expert Predicts a 713% Cardano Upsurge
Meanwhile, amid the latest rally, seasoned analyst Ali Martinez expects further Cardano upsides, speculating an upswing to $6. He also indicated when ADA would attain the price mark.
In a November 15 tweet, Martinez predicted that Cardano would grow over 713% from its current price to $6. He also stated that the asset would attain the price mark between July and September 2025.
Martinez shared a chart to support his price prediction. Per the accompanying chart, he asserts a similar price action to the one Cardano engineered when it surged rapidly during the 2020/2021 bull cycle.
The analyst pointed out similarities already observed in the two cycles. For instance, he shares that ADA broke out from a price channel and pulled a 75% upsurge in both cycles. With the glaring correlation, Martinez expects this cycle to fully mirror the last cycle and surge to $6 between July and September next year.
Other Cardano Price Expectations
Meanwhile, Martinez’s $6 assertion correlates with other analyses of Cardano’s price. For instance, crypto pundit Ben Armstrong (BitBoy) speculated a slightly lower ADA price for the bull cycle.
BitBoy asserted that ADA would hit $5, citing bullish market momentum. He estimated a market top between $2.5 and $3.5 but noted Cardano could see more upside to $5 if the broader market sentiment remains dovish.
However, analyst Javon Marks insists Cardano would surge to $7.77. The market commentator noted that ADA has entered one of its most bullish phases, predicting an initial surge to $2.77 before the push past its all-time high to $7.77.
In the meantime, ADA trades at $0.7232 with a market cap of $25.3 billion.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
