{"id":141107,"date":"2024-11-01T08:00:50","date_gmt":"2024-11-01T06:00:50","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=141107"},"modified":"2024-10-31T19:15:03","modified_gmt":"2024-10-31T17:15:03","slug":"cardano-primed-for-a-major-upsurge-as-analyst-predicts-significant-price-movement","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/cardano-primed-for-a-major-upsurge-as-analyst-predicts-significant-price-movement\/","title":{"rendered":"Cardano Primed for a Major Upsurge as Analyst Predicts Significant Price Movement"},"content":{"rendered":"<p>He recently shared that <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/cardano\/\">Cardano<\/a> <\/strong>is mirroring a pattern from 2020, during which it surged approximately 4,095% over 343 days.<\/p>\n<p>Martinez anticipates a potential price increase around November 18, roughly two weeks after the U.S. elections, and predicts a market peak by September 2025. At present, Cardano is trading at $0.355.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">I believe <a href=\"https:\/\/twitter.com\/hashtag\/Cardano?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Cardano<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$ADA<\/a> is following a similar pattern to 2020. If history repeats, we might see a pump around November 18\u2014about two weeks after the US elections\u2014and a potential market top by September 2025. <a href=\"https:\/\/t.co\/GgKWBqzYXU\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/GgKWBqzYXU<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1851134619422240926?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">October 29, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Turning to Bitcoin (BTC), Martinez notes that the Market Value to Realized Value (MVRV) pricing bands suggest Bitcoin could appreciate by about 16% in the short term.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/is-etheriums-dominance-a-threat-to-solanas-future\/\" title=\"Is Etherem&#8217;s Dominance a Threat to Solana&#8217;s Future?\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/01\/eth-solana-2777406-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Is Etherem&#8217;s Dominance a Threat to Solana&#8217;s Future?<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The MVRV ratio is instrumental in assessing whether Bitcoin is undervalued or overvalued, with values below one indicating undervaluation and those above one suggesting overvaluation.<\/p>\n<p><a href=\"https:\/\/cryptodnes.bg\/en\/?attachment_id=141108\" rel=\"attachment wp-att-141108\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-141108\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/10\/Screenshot-2024-10-31-191425.png\" alt=\"\" width=\"777\" height=\"767\" srcset=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/10\/Screenshot-2024-10-31-191425.png 777w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/10\/Screenshot-2024-10-31-191425-300x296.png 300w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/10\/Screenshot-2024-10-31-191425-768x758.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/a><\/p>\n<p>As per Martinez\u2019s data from Glassnode, the Bitcoin MVRV pricing band was approximately at the 0.5 standard deviation earlier this week.<\/p>\n<p>With Bitcoin currently trading at $72,345, Martinez indicates that if it surpasses $70,500, the next local top could be around $84,200, based on the MVRV Pricing Bands. He also mentions that historical data suggests Bitcoin has had a bullish trend in November, closing higher than it opened 63% of the time since 2013. \u201cMoon-vember is just around the corner!\u201d he concludes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency analyst and trader Ali Martinez is expressing a bullish outlook on Cardano (ADA) as the market experiences a rebound.<\/p>\n","protected":false},"author":7,"featured_media":39387,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-141107","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cardano Primed for a Major Upsurge as Analyst 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