Many investors have been left dissatisfied with Cardano’s performance this year due to the huge decline in the value of ADA, the native cryptocurrency of the blockchain. On-chain data shows that the percentage of Cardano (ADA) addresses that have been lost is already over 94%, and data points to the possibility of further losses soon.
However, only some analysts share this sentiment. Despite recent events, a crypto analyst has used historical data to predict a mind-blowing 2,300% surge for ADA, Cardano’s native token.
Analyst Uses Historical Data to Make Bold Prediction
ADA has not been immune to the current lengthy bear cycle in the cryptocurrency market. Although the crypto is still one of the top 10 in market cap, it’s now down 92% from its all-time high of $3.09 in 2021. Cardano has been consolidating between $0.50 and $0.20 for months, leading some to question whether it can ever recover to reach its all-time high.
Ali Martinez, a well-known crypto expert, recently shared
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