Cardano’spriceiscurrentlyfollowingsimilarpatternsasits2020bullishrally,hintingatapotentialspiketo$6.Moreover,Cardano’swhaletokenaccumulationisontherise,jumpingbyover47%inmorethantwoyears.
Cardanoholdershavealreadyaugmentedtheirholdingstoover2.94billionADA.
AnalystAliMartinezprojectsCardanocouldreach$6asearlyasSeptember2025
AccordingtoAliMartinez,anon-chaincryptoanalyst,Cardano’scurrentpricetrajectorylooksincreasinglysimilartoits2020priceformation,signalinganimpressivepricesurgeforthetoken.TheanalystpointedtothetimewhenCardano’spricebegantoriseonNovember16,2020,untilAugust2021,whenitreachedanall-timehighof$3.
Inoneofhisposts,heremarked:
IbelieveCardano(ADA)isfollowingasimilarpatternto2020.Ifhistoryrepeats,wemightseeapumparoundNovember18—abouttwoweeksaftertheUSelections—andapotentialmarkettopbySeptember2025.
~AliMartinez
Hesaidallthiswhilepresentingagraphofhispredictions.
Source:TradingView
ThegraphindicatedthatADAcouldsoonhit$6bySeptember1,2025,risingbyover1600%inlessthanayear.TheforthcomingUSelectionswouldplayahugeroleinpropellingthetokens’prices,especiallyifacrypto-friendlycandidateiselected.
Somecryptoassets,includingBitcoin,havealreadyseentheirpricessurge.BTCiscurrentlyat$69,506,representingmorethana64%riseinYTDpricegains.
Atthetimeofwriting,theADApricewasonly$0.351,markinga1.96%lossinthelast24hoursandan8%surgeinthepastweek.Its24-hourtradingvolumeis269.35million,anditsmarketcapitalizationis12.28billion.
Cardano’swhaleshaveincreasedtheirholdingstoabout2.94billion
Santiment’sdatashowsthatlargeCardanoholdershavebeenontracktoaccumulatetheirholdings.Aroundmid-April2022,tokenholdersamassedroughly100millionand1billionADAintheirwallets.
Now,Cardanowhaleshaveaccumulatedover2.94billionADA,markinga47%risesinceApril2022.Ideally,massiveaccumulationactivityusuallysignalsthattheinvolvedinvestorsareeyeingpossiblepriceappreciationsinthenearfutureorevenmarketreversals.
cryptopolitan.com