Popular cryptocurrency analyst Ali Martinez shared his predictions and analysis on the Cardano (ADA) price in his statement.
According to the analyst, the price movement followed by Cardano in the current situation is similar to the price movement that lasted from 2018 to 2021.
Ali Martinez expects the ADA price to consolidate between $0.55 and $0.80 over the coming weeks if this trend continues. The analyst claims that there may be a rise to $1.70 after this. The analyst expects consolidation here for a while and, interestingly, argues that a journey towards $5 may then begin. This is a much higher level than the record for ADA, which hit an all-time high of $3.10 in 2021.
However, for the price of ADA to rise to $5, the market value of the altcoin must jump to $170 billion, which is an unprecedented figure. Martinez had previously made price predictions for Cardano, which some considered extreme.
At the time of writing this article, ADA price is trading at $0.6684.
*This is not investment advice.
