Cardano (ADA) trajectory has left investors disappointed. It is down over 36% in the past year, and with the uncertainty in the market, there isn’t much to hope for. However, a top crypto analyst Ali Martinez has presented a different opinion of the token’s future direction. He predicted a potential surge to $6 by 2025.
Ali’s ADA Analysis
Ali Martinez’s analysis is based on ADA’s 2018 to 2020 price movements. This prediction has given some hope to the community for their beloved token. Ali shared his prediction in a post on X, stating, “Cardano’s current consolidation trend eerily mirrors the 2018-2020 phase!”
#Cardano's current consolidation trend eerily mirrors the 2018-2020 phase!
🔴 If history repeats, $ADA could stay in this consolidation phase until July 2024.
— Ali (@ali_charts) October 12, 2023
Amidst the recent fluctuations in Cardano’s price, Ali’s analysis says its consolidation might continue until July 2024, aligning with historical trends. He states, “If history repeats, ADA could stay in this consolidation phase until July 2024.”
“Barring unforeseen events like the COVID-19 crash, ADA could break out as soon as December!” Covid was a major drawback for the crypto industry. Another major event like that could cause unprecedented price drops in the market that hasn’t fully recovered.
Assuming everything falls in place, Ali anticipates a significant breakthrough for Cardano, possibly as early as December. His attached price chart shows the periods of consolidation and paints a remarkable trajectory through 2025, representing a massive 2,348.98% surge from its current price of $0.245.
$6 is also almost two times ADA’s all-time high. This optimistic prediction is sure to inject fresh enthusiasm into Cardano investors who have been speculating about the digital asset’s future in the face of recent market volatility.
Can ADA Reach $6?
When asked, ChatGPT, the top AI Large Language Model (LLM) in the world, chose ADA as one of the top three cryptocurrencies to buy and hold. While the crypto market is inherently unpredictable, Ali’s analysis gives Cardano enthusiasts a solid reason for optimism. If it comes true, it will also confirm ChatGPT’s prediction.
Google Bard, another very popular AI LLM, predicted that ADA would reach $5 by 2025. Bard’s prediction is close to that of Ali Martinez. ADA’s future remains an exciting topic of discussion, and with the shared bullish sentiment, it will be interesting to see how high its price can rise.
Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.
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