According to CryptoPotato, despite the recent volatility of Cardano’s ADA, its trading price is basically the same as a week ago. Analyst Ali Martinez believes that as long as ADA’s valuation remains in the range of $0.55-0.80, its price may surge to $1.70, or even reach a record high of $10.
While most major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Dogecoin (DOGE), have seen significant price recoveries over the past week, there have been some exceptions, and Cardano’s ADA is one of them. According to data from CoinGecko, the asset’s valuation is currently trading at $0.58, roughly the same level observed seven days ago. However, that hasn't stopped some analysts from being optimistic about ADA's future.
Ali Martinez said that the price of ADA is “right where it should be.” He claimed that the next step for ADA could be a breakout towards $1.70, as long as the valuation remains in the $0.55-0.80 range. Previously, Ali Martinez had insisted that the coin seems ready to replicate its previous bull cycle, which could lead to a “parabolic” jump in its price to as high as $10.
