As the crypto money markets begin to be green again, the question of whether there is still hope for Cardano (Ada) Coin investors is on the agenda. Despite the recent in -chain activity and weakening in price performance, well -known crypto analyst Ali Martinez made a brave estimate. According to him, the price of Cardano may experience an increase of 2.288 %in the light of historical data and reach $ 6.50. Is this really possible?
Ada Coin price is under pressure, but past data gives hope
Currently, the island is trading at $ 0.3473, which means a 12 %drop compared to the summit of last month. While Bitcoin increased over $ 71,000, the island was only able to show a daily rise of 2.2 %. This slow recovery makes island investors anxious.
However, Ali Martinez looks at this negative picture from a different angle. Martinez recalls that Cardano’s previous major rise began on November 16, 2020 and followed by a 672 -day consolidation process. At that time, the island increased by about 4.095 %and rose from $ 0.09 to $ 3.10.
Is it possible with a new rally? According to the analyst, the target 6.50 dollars
According to Martinez, if Cardano can repeat the past trend, a similar rise movement may be possible. In this scenario, the island can reach $ 6.50 with an increase of 2.288 %. He even shared a summit estimate of $ 7 to $ 10 in his previous analysis.
However, this opinion is not shared by everyone. Especially the newly released Coins showing 20 %increases in a short time, the rooted projects such as the island are behind. An investor, “I am afraid that he will not even see the $ 4, even 3 dollars can be a dream,” he expressed his doubts.
What does internal data say about Ada Coin?
The latest report, published by On-Chain Analysis Firm Intotheblock, worried Cardano investors even more worried. According to the report, the NVT ratio of the island has reached its highest level since June. This data shows that the in -chain activity is insufficient compared to the price increase.
Generally, such ascends in the NVT rate are considered as an over -valuation signal. This suggests that the island may not be permanent at the current levels and that a new price correction may be experienced. If the in -chain activity does not increase, the sustainability of the upward momentum may weaken significantly.
