Analyst predicts 150% growth of Cardano token

In the context of the long and protracted rise of the crypto market, the top-10 token Cardano (ADA) has experienced several short but powerful spikes. They have led to a more than 100% increase in the price of the cryptocurrency over the past 52 weeks.

According to an analysis published on the X platform by renowned crypto expert Ali Martinez, Cardano is preparing for another significant surge that could lead to a rise of more than 150%. According to Martinez, the ADA price chart pattern resembles the token’s behavior between 2018 and 2021.

The cryptocurrency started 2018 at a relatively high $ 1 after its launch in 2017, but Cardano lost its growth rate during the year. By December, the ADA price had dropped to $ 0.04. However, by September 2021, the token had risen to an all-time high of around $ 3.

Based on the historical pattern, ADA will trade in the range of $ 0.55 to $ 0.80 in the coming weeks. Then, the token will rise to $ 1.70, Martinez believes. The crypto expert also expects that if this scenario materializes, Cardano will be on its way to another rally, this time to a new all-time high of $ 5.

As a reminder, the well-known crypto analyst Sssebi predicted an optimistic course for ADA. Sssebi’s analysis indicates that ADA is facing a potential surge of 50−60%. In particular, he points out that there are no major resistance levels until ADA reaches $ 1.2.