
Cardano (ADA) Reflects 2020 Bull Cycle Patterns, Analyst Suggests
The cryptocurrency market is abuzz with the sudden surge in interest surrounding Cardano (ADA), a digital asset that has been experiencing significant price fluctuations. Amidst this volatility, analysts have started to notice striking similarities between ADA’s current market behavior and its 2020 bull cycle.
In an interview, Michaƫl van de Poppe pointed out that the recent correction experienced by ADA mirrors the pattern seen during its 2020 bull run. This observation has sparked hope among investors who are eagerly anticipating a potential price surge.
According to the analyst, ADA’s current market action is eerily similar to the events of 2020. He notes that this is not an isolated incident and that other cryptocurrencies may follow suit.
The prediction suggests that ADA could reach $6 in value, representing a staggering increase of approximately 560%.
Source: crypto-economy.com