Recent months have brought a multitude of positive developments for the entire Cardano (ADA) ecosystem. The work done on the Plutus v1 and v2 networks has started paying off with the number of new smart contracts on the blockchain increasingly snowballing in recent months.
Additionally, the ADA token has, in the context of the ongoing and protracted crypto market rally, seen several brief yet massive surges that have led it to, cumulatively, rise more than 100% in price in the last 52 weeks.
Now, Cardano is poised for another significant surge that could see it rise more than 150%, according to the analysis posted on X by the prominent crypto expert, Ali Martinez.
Cardano poised for another massive rally
According to Martinez, ADA’s price chart pattern closely resembles the token’s performance between 2018 and 2021.
The cryptocurrency started 2018 relatively high $1 in the rally following its 2017 release but the rally lost steam through the year meaning that ADA was
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