Cardano (ADA) has captured significant attention in the cryptocurrency market, witnessing an astounding rally over the past few weeks. The digital asset has surged by more than 81% in just fourteen days, consistently breaking through crucial resistance levels. A well-known crypto analyst is now highlighting Cardano’s potential to climb an incredible 2,000%.
Cardano’s Path to $6 by 2025
Renowned crypto analyst Ali Martinez has predicted that Cardano could reach the $6 threshold by the third quarter of 2025. Earlier in the year, Martinez pointed out a pattern in ADA’s chart reminiscent of the 2020 scenario, suggesting that the cryptocurrency might experience a rally similar to the 2020-2021 bull run.
In early 2020, ADA broke out from a prolonged two-year consolidation phase, subsequently retracing 75% and consolidating for most of the year. By November 2020, Cardano rebounded from its accumulation range, embarking on a massive 4,000% rally that persisted for approximately nine months.
This year, Cardano has echoed this pattern during the initial phase of the cycle, achieving a year-high of $0.81 before retracing 75% and consolidating between the $0.6 and $0.27 price range over the last eight months.
Recent Market Dynamics
The cryptocurrency market recently experienced a significant rally, propelled by Trump’s victory in the US elections and the Federal Reserve’s decision to lower interest rates by 0.25%. In this environment, Cardano has seen a remarkable 50% surge in just a week.
Martinez previously anticipated that ADA would experience the initial jump of the second leg on November 18, a couple of weeks post-elections. However, Cardano reclaimed the $0.6 support zone and broke above the $0.65 horizontal level, marking an eight-month high. Despite criticism over its performance compared to other altcoins, ADA’s current trajectory suggests potential sideways movement before challenging its year-high price.
If Cardano follows its previous cycle’s pattern, it could reach the $1 milestone by the end of the year and possibly surpass its all-time high of $3.09 by the first quarter of 2025, entering a phase of price discovery. Martinez forecasts that Cardano could climb over 2,000%, potentially hitting the $6 mark between July and September 2025.
ADA’s Market Leadership
While many cryptocurrencies in the top 100 have moved sideways, ADA has risen by an impressive 21% in the last 24 hours, ranking as the third-best performer, trailing only XRP and ALGO. Beyond general economic and geopolitical influences, ADA’s recent success is also driven by speculation about Cardano’s potential collaboration with Trump’s administration.
On Thursday, Shawn, a World Economic Forum (WEF) and United Nations (UN) member, shared on social media that re-elected President Trump is considering a federal voting and identity verification system based on blockchain technology.
Speculation intensified when another user claimed that Cardano’s founder, Charles Hoskinson, is already in discussions with the Trump administration, noting their ongoing work with the state of Wyoming on voting systems for several years.
Cardano has seen an impressive 84% rally over the last month, breaking past the $0.65 mark for the first time since late March and regaining its position within the top 10 cryptocurrencies. At the time of writing, ADA is trading at $0.67.
