Cardano could potentially double its all-time high from 2021 if its price surges by up to 1,000% following the U.S. presidential election.

The broader crypto market reacted positively to the recent U.S. presidential election, where pro-crypto candidate Donald Trump won. With early vote counts hinting at Trump’s victory, Bitcoin (BTC) quickly reached a new all-time high, sparking a massive rally across the market, which also benefited ADA.

Cardano Experiences Post-Election Rally

A few days after the GOP candidate’s victory, Bitcoin set a new all-time high above $93,000. While Cardano’s rise began later than the rest of the market, it seems to be catching up quickly.

Over the past week, ADA has surged by 41.79%, making it one of the top performers among the top 20 crypto assets by market capitalization. Amidst this rally, Cardano reached an eight-month high of $0.6599 on Sunday before seeing a slight pullback.

At the time of reporting, ADA is trading at $0.6171, and if this rally continues, it has the potential to surpass its all-time high. Max Maher, a prominent market analyst, predicted as early as August that Cardano could see an impressive 1000% rally.

Cardano’s Price if It Rises 100%, 500%, or 1,000% After the U.S. Election

If this rally materializes, ADA could be set for substantial gains. With a 100% rally from its current position, Cardano would reclaim the $1 mark and reach a price of $1.2342. ADA last saw the $1 level in April 2022 and has been trading below it since.

However, if the rally extends further and Cardano achieves a possible 500% increase from its current price, it would surpass its previous all-time high of $3.1 and reach $3.7, setting a new record high. At this price, ADA’s market cap would soar to $129.56 billion, placing it among the top four cryptocurrencies.

The 1000% increase suggested by Maher could allow Cardano to reach double its previous peak. With a 1000% post-election rally, Cardano’s price would surge to $6.78. Interestingly, in October, market analyst Ali Martinez also forecasted a potential Cardano rally towards the $6 level.

Cardano’s Performance After Previous Elections

These projections are supported by historical trends, as ADA also saw impressive growth after the U.S. election in November 2020. In the election month of 2020, Cardano rose by 85% from $0.0930 to $0.1720. ADA maintained this rally in the following months, eventually reaching an all-time high of $3.1 in September 2021.

This growth represented a massive 3,459% rally. Notably, after the recent U.S. election, Cardano has already gained 89%, with 15 days left in November. If it experiences even a third of its previous post-election rally, it could easily reach the $6 mark.

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