Cardano is poised for a big rally; analyst predicts big price jump.
Cryptocurrency analyst and trader Ali Martinez is optimistic about #Cardano (ADA) as the market is booming. He recently found that Cardano is repeating the pattern of 2020, when it rose 4,095% in 343 days.
Martinez expects prices could rise around November 18, about two weeks after the U. S. election, and predicts the market will peak by September 2025. Cardano is currently trading at US$BTC Moving on to #bitcoin (BTC), Martinez notes that bitcoin could appreciate about 16% in the short term, based on a market value - realized value (MVRV) price range.
Is Esalem's dominance a threat to Solana's future? The MVRV ratio helps determine whether bitcoin is undervalued or overvalued, with values below 1 indicating undervalued and values above 1 indicating overvalued.
According to Martinez of Glassnode, the MVRV price range for bitcoin earlier this week was about 0.5 standard deviation.
Read us at: Compass Investments
