Crypto trader Ali Martinez, Ethereum rival Cardano price may be repeating price action from a past market cycle, so it is poised to rise soon stated.
Ali MartinezIn his post on his account,
If I am right, ADA could break the $0.45 resistance in the first week of December. The rise could push ADA to $0.75 by the end of December.
Cardano price was trading at $0.372 at the time of writing. The analyst’s estimate of $0.75 implies an increase of more than 100%.
The 9th-ranked crypto asset by market cap is up more than 51% in the past month but is trading well away from its all-time high of $3.0 reached in September 2021.
As Koinfinans.com reported, Ali Martinez also points out that peer-to-peer payment network Litecoin (LTC) saw its largest increase in daily activity ever this week, with the project recording more than 1 million LTC transactions on Tuesday.
LTC is trading at $71.20 at the time of this writing. The 18th-ranked crypto asset by market cap is down 4% in the last 24 hours but is up more than 14% in the past month.