Analyst Ali Martinez, one of the well-known names in the cryptocurrency world, evaluated the Cardano (ADA) price in his statement following the significant rise in Bitcoin.
The analyst said in his statement that the Cardano price may be following a similar pattern to 2020. According to the analyst, if history repeats itself, a pump in the ADA price may occur on November 18. This corresponds to approximately 2 weeks after the US elections.
Martinez believes that a market peak for Cardano price could be reached in September 2025.
Speaking about BTC after the Bitcoin price exceeded $ 72,000, the analyst argues that the next local peak for BTC could be around $ 84,200. On the other hand, speaking about open positions in the market for BTC, Martinez reported that a new all-time high was reached with a total of $ 22.77 billion among all derivative cryptocurrency exchanges.
Speaking about the Dogecoin price, Martinez also stated that the $0.175 price target he set for DOGE in an analysis published on October 28 was reached today.
*This is not investment advice.