From $0.58 to $12 Cardano Price? Why One Analyst Believes ADA Could Replicate Its 2021 Parabolic Rally
2025-07-08 14:55:09

Main Idea
Cardano (ADA) shows mixed market activity with whale movements and analyst predictions suggesting potential for significant price growth based on historical patterns and accumulation trends.
Key Points
1. Cardano (ADA) traded flat recently despite a 6% weekly gain, with whales selling over 330 million ADA but later accumulating 70 million ADA in four days.
2. Analyst Ali Martinez compares ADA's current trend to its 2020-2021 cycle, predicting a potential parabolic rally, similar to its 1,400% surge to $3.10 in 2021.
3. Wallets holding at least 1 million ADA have accumulated 1.41 billion coins since November 2023, increasing ADA's supply by 2.35% over 15 months.
4. ADA's price has risen 107% since late 2023, with analysts suggesting a shift from meme coins to legacy assets like ADA could further boost prices.
5. Charles Hoskinson anticipates regulatory clarity within 90-120 days, potentially benefiting ADA, and speculates on U.S. political figures acquiring ADA.
Description
Cardano (ADA) traded relatively flat on Tuesday despite a strong resurgence of over 6% in the past seven days. Generally, ADA has been navigating a challenging recovery following a sharp decline earlier this month, driven by a broader crypto market downturn and substantial whale sell-offs. On February 4, popular crypto analyst Ali Martinez underscored the severity of this exodus, noting, “Whales have offloaded over 330 million ADA and haven’t bought the dip yet.” However, there has been a shift ...
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