From $0.58 to $12 Cardano Price? Why One Analyst Believes ADA Could Replicate Its 2021 Parabolic Rally

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.