Cardano (ADA) cryptocurrency is trading at around $0.58, the same level observed last week. However, some analysts predict a bright future for ADA. Popular analyst Ali Martinez stated that the price of the token is “right where it should be.” 📈

Martinez claimed that as long as ADA's valuation remains in the $0.55-$0.80 range, the next move could be a breakout towards $1.70. He previously noted that the token looks set to mirror the previous bull cycle, which could see the price make a “parabolic” jump to $10. 🚀

Cardano's native token made headlines last month for its success at one point being the top-ranked cryptocurrency in terms of development activity. It has surpassed leaders such as Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC). It also had the highest amount of weekly engagement