This article is also available in Spanish.
Cardano (ADA) has seen a massive rally in the past few weeks, rising over 81% in the past 14 days. As the cryptocurrency continues to surpass key levels, a popular cryptocurrency analyst has highlighted the possibility of a 2,000% rally.
Related reading
Cardano will reach $6 by Q3 2025
Cryptocurrency analyst Ali Martinez expected that Cardano could reach the $6 mark by September 2025. Earlier this year, the analyst noted that the ADA chart reassembled a similar pattern to 2020, suggesting that the cryptocurrency could see a rally-like rally in 2020-2021.
According to this publication, ADA broke away from a two-year consolidation process in early 2020 before falling 75% and consolidating for most of the year. By November 2020, the token bounced out of the accumulation range and began its massive 4,000% rally, which lasted about nine months.
This year, Cardano saw a similar move during the first phase of the cycle, reaching its highest level of the year at $0.81 before falling 75% and consolidating between the $0.6-0.27 price range over the past eight months.
After the recent rise of the cryptocurrency market, driven by Trump’s victory in the US elections and the Federal Reserve’s decision to cut interest rates by 0.25, Cardano saw a massive weekly rise of 50%.
Martinez previously predicted that the ADA would see its primary jump in the second round on November 18, about two weeks after the US election. However, the cryptocurrency reclaimed the $0.6 support area and broke above the $0.65 horizontal level earlier today.
This performance represents an eight-month high for Cardano, which has been heavily criticized for its poor performance against most altcoins. According to the chart, ADA may move sideways around this range for the following days before challenging its highest price of the year.
If ADA continues to repeat the pattern of the last cycle, the cryptocurrency could reach the long-awaited dollar by the end of the year. Additionally, it could surpass its previous all-time high (ATH) of $3.09 by Q1 2025 before entering price discovery mode.
Martinez noted that Cardano could rise more than 2,000% towards the $6 mark, reaching its highest level between July and September 2025.
ADA is among today’s market leaders
While most cryptocurrencies in the top 100 are moving sideways, ADA is up 21% in the past 24 hours. The coin rose to be the third best performer today, behind XRP and ALGO.
Besides general economic and geopolitical factors, its recent performance has also been driven by speculation surrounding Cardano’s potential involvement with the Trump administration.
On Thursday, Sean, a member of the World Economic Forum (WEF) and the United Nations (UN), shared on X that re-elected President Trump is exploring a federal voting and identity verification system based on blockchain technology.
Related reading
Speculation arose when another X user He claimed Cardano founder, Charles Hoskinson, is “already in talks with the Trump administration,” claiming that they have been “working with the state of Wyoming on voting systems for two years now.”
Cardano’s value has surged 84% in the past month, surpassing the $0.65 level for the first time since late March, and regaining its position within the top 10 in the cryptocurrency space. As of this writing, ADA is trading at $0.67.
Featured image from Unsplash.com, chart from TradingView.com