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11/02/2024

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Cardano Mirrors Historical Pattern with Massive ADA Price Pump Expected in November

If Cardano (ADA) follows in the footsteps of a pattern it created 4 years ago, the 11th-largest cryptocurrency might witness a notable leg up. Calling out this development, renowned market analyst Ali...

Cardano Mirrors Historical Pattern with Massive ADA Price Pump Expected in November

ADA Shows Strong Whale Activity Amid Cardano Becoming the Face of Argentina's First Legitimate Smart Contract

If Cardano (ADA) follows in the footsteps of a pattern it created 4 years ago, the 11th-largest cryptocurrency might witness a notable leg up.

Calling out this development, renowned market analyst Ali Martinez acknowledged, “I believe Cardano is following a similar pattern to 2020. If history repeats, we might see a pump around November 18—about two weeks after the US elections—and a potential market top by September 2025.”

Source: Ali Martinez

Given that cryptocurrencies usually progress in cycles, ADA’s present price action might mirror that of 2020 based on steady developments in its ecosystem. These developments played an instrumental role in triggering a bullish trend in 2021 that prompted an all-time high (ATH) of $3.09.

Based on the present positive market sentiment, Cardano might witness an upward trajectory this month based on Martinez analysis.

Meanwhile, Cardano founder Charles Hoskinson recently aired his unwavering optimism about decentralized finance (DeFi) in the Bitcoin ecosystem.

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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