- Cardano’s trading volume spiked by 49.42%, signaling increased investor interest amidst a bearish market trend.
- Ali Martinez forecasts a bullish turn for Cardano, mirroring its late 2020 surge, as ADA whales transact $13B.
- ADA’s current pattern echoes 2020’s rally, hinting at a potential leap from $0.60 to $7 despite recent price dips.
According to crypto analyst Ali Martinez, the Cardano (ADA) network is on the brink of a significant surge, reminiscent of its late 2020 behavior. Martinez’s insights suggest that Cardano could see a substantial upward trend starting as early as April.
Whale Movements Indicate Emerging Trends
Recent developments have shown a massive increase in transaction activity within the Cardano network. ADA whales have initiated transactions amounting to a staggering $13 billion. This surge in large transactions is remarkable in its scale and timing, aligning with Martinez’s predictions. Compared to Ethereum’s $5 billion in similar transaction activities, this spike in Cardano’s activity marks a notable shift in investor behavior within the ecosystem.
ADA/USD Whales chart (source: Intotheblock)
Despite the recent spike in wha…
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