Crypto Trader Predicts Imminent Surge: Ethereum Rival Poised for 266% Rally in Coming Weeks
A popular cryptocurrency analyst has indicated that Cardano’s smart contract platform (ADA) might experience substantial growth in the following weeks.
During a recent strategy discussion, the crypto expert Ali Martinez shared with his audience of 107,500 on the social media site X that Cardano could potentially climb by an impressive 266% if it mimics its previous cycle’s performance.
“The pattern we’re seeing with ADA right now reminds me of its last cycle. It leads me to believe a major price movement is on the horizon. We might see the price hit $4 in the upcoming weeks!”
At the time of this writing, ADA is being traded at $1.09, having climbed 13.5% over the past 24 hours.
Turning his attention to Bitcoin, the primary cryptocurrency in terms of market capitalization, Martinez points out that Bitcoin (BTC) could be on the verge of its next significant move.
“BTC is right now at a pivotal juncture. This could be a mere test of the 50-day MA (moving average) before potentially trending downwards. Nonetheless, securing a position above the 50-day MA is crucial for indicating an end to the current correction and for confirming a bullish trend.”
Bitcoin’s trading price at the moment of publishing is $98,625, showing a 1.7% increase from the previous day.
In his wrap-up analysis, Martinez highlights that using the Tom Demark (TD) Sequential indicator, a tool traders use for identifying possible price reversal points, he has found optimistic signals for the privacy-oriented currency Worldcoin (WLD) and the modular blockchain platform Celestia (TIA).
WLD and TIA are presently priced at $2.40 and $5.44, respectively.
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Disclaimer: The views expressed in The Daily Hodl do not constitute investment advice. Before engaging in high-risk investments such as Bitcoin, cryptocurrency, or digital assets, investors should perform their diligent research. Please acknowledge that you are solely responsible for your transactions and possible losses. The Daily Hodl is not an investment advisor and does not endorse the purchase or sale of any cryptocurrencies or digital assets. The Daily Hodl is involved in affiliate marketing.
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