{"id":561085,"date":"2023-11-17T21:00:23","date_gmt":"2023-11-17T21:00:23","guid":{"rendered":"https:\/\/wncen.com\/?p=561085"},"modified":"2023-11-17T17:51:01","modified_gmt":"2023-11-17T17:51:01","slug":"history-repeats-cardano-ada-skyrocket-in-december-analyst","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cardano\/history-repeats-cardano-ada-skyrocket-in-december-analyst\/","title":{"rendered":"History Repeats? Cardano (ADA) Set To Skyrocket In December, Predicts Analyst"},"content":{"rendered":"<p>A recent surge in Cardano (ADA)\u2019s market value has <a href=\"https:\/\/twitter.com\/ali_charts\/status\/63844078?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">caught<\/a> the attention of both investors and analysts alike. Over the past 24 hours, ADA has seen a 7% increase, trading at approximately $0.39 at the time of writing.<\/p>\n<p>This <a href=\"https:\/\/wncen.com\/news\/cardano\/cardano-midnight-devnet-live-trigger-ada-rally\/\" target=\"_blank\" rel=\"noopener \">uptick in value<\/a> is not just a momentary blip on the radar but a part of a broader trend that mirrors the 2018-2020 consolidation phase of ADA, according to a well-known crypto trader and analyst, Ali.<\/p>\n<p>Interestingly, the analyst noted this current consolidation phase comes without the dramatic influence of an event like the Covid-19 crash.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/cardano\/cardano-price-rally-650-by-july-2024\/\" target=\"_blank\" rel=\"noopener \">Cardano Price Poised To Rally 650% By July 2024: Crypto Analyst<\/a><\/div>\n<h2>Cardano (ADA) To Skyrocket In December<\/h2>\n<p>Ali has expressed insights on X (formerly known as Twitter), drawing parallels between ADA\u2019s current market behavior and its historical trajectory. If these patterns hold, Ali suggests that ADA might soon break through the $0.45 resistance level, potentially as early as the first week of December.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/Cardano?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">#Cardano<\/a>&#8216;s current consolidation trend eerily mirrors the 2018-2020 phase without the COVID-19 crash!<\/p>\n<p>If so, <a href=\"https:\/\/twitter.com\/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">$ADA<\/a> could break through the $0.45 resistance around the first week of December. The upswing could send <a href=\"https:\/\/twitter.com\/hashtag\/ADA?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">#ADA<\/a> to $0.75 by late December.<\/p>\n<p>Looking to trade this setup? Head\u2026 <a href=\"https:\/\/t.co\/u3KzOsZj2F\" target=\"_blank\" rel=\"noopener nofollow\">pic.twitter.com\/u3KzOsZj2F<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/63844078?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">November 16, 2023<\/a><\/p><\/blockquote>\n<p>Currently, ADA is trading at around $0.39. Despite a recent uptick in its weekly performance, the asset has experienced a minor pullback from its 24-hour high of $0.40. Although this peak approaches the resistance level highlighted by analyst Ali, ADA appears <a href=\"https:\/\/wncen.com\/news\/cardano\/cardano-price-rally-650-by-july-2024\/\" target=\"_blank\" rel=\"noopener \">poised for a potential rally<\/a>.<\/p>\n<p>This is indicated by a <a href=\"https:\/\/wncen.com\/news\/cardano-october-whale-frenzy-what-lies-ahead-for-november\/\" target=\"_blank\" rel=\"noopener \">significant increase<\/a> in its daily trading volume, which has risen by over $200 million in the past day, suggesting heightened trading activity for the crypto.<\/p>\n<p>Furthermore, as the year approaches, Ali\u2019s prediction for ADA\u2019s price to reach as high as $0.75 during the festive season seems to gain credibility with the <a href=\"https:\/\/wncen.com\/analysis\/ada\/ada-price-prediction-cardano-rally-0-40\/\" target=\"_blank\" rel=\"noopener \">recent surge<\/a>.<\/p>\n<p>If ADA continues on this <a href=\"https:\/\/wncen.com\/news\/cardano\/cardano-whales-600-million-0-4\/\" target=\"_blank\" rel=\"noopener \">trajectory<\/a>, it could signify a notable milestone in its journey and potentially reshape investor perspectives on Cardano\u2019s role in the competitive crypto landscape.<\/p>\n<h2>Media Spotlight And Ethereum\u2019s Alleged Imitation<\/h2>\n<p>It is worth noting that the recent spotlight on ADA can be partly <a href=\"https:\/\/twitter.com\/StevenNerayoff\/status\/08156073?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E08156073%7Ctwgr%5E58d1a85244aaa3b0ba1ed3c6900e63af94b9cc9b%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcoinedition.com%2Fanalyst-predicts-ada-price-surge-drawing-parallels-to-2018-2020%2F\" target=\"_blank\" rel=\"noopener nofollow\">attributed<\/a> to the statements made by Steven Nerayoff, a prominent figure in the crypto sphere known for his critical views on Ethereum. Nerayoff\u2019s declaration of ADA as his \u201ctop pick in crypto\u201d has <a href=\"https:\/\/x.com\/UnionOperator\/status\/51980361?s=20\" target=\"_blank\" rel=\"noopener nofollow\">fueled media discussions<\/a> and increased interest in Cardano.<\/p>\n<p>His recent public criticism of Ethereum, accusing the platform of imitating Cardano\u2019s innovations, has added a layer of intrigue to the ongoing narrative. This controversy particularly concerns Ethereum <a href=\"https:\/\/x.com\/VitalikButerin\/status\/22216069?s=20\" target=\"_blank\" rel=\"noopener nofollow\">revisiting its Plasma scaling solution<\/a>, first introduced in 2017.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">What timing! This is why I just said <a href=\"https:\/\/twitter.com\/Cardano_CF?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@Cardano_CF<\/a> is my top pick in crypto. You will hear on the recording me telling <a href=\"https:\/\/twitter.com\/VitalikButerin?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@VitalikButerin<\/a> he made a major mistake in getting rid of <a href=\"https:\/\/twitter.com\/IOHK_Charles?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@IOHK_Charles<\/a> &amp; should bring him back.<\/p>\n<p>Are the clueless smug <a href=\"https:\/\/twitter.com\/ethereum?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@ethereum<\/a> cultists who got rid of Charles\u2026 <a href=\"https:\/\/t.co\/x5w6yDRB4M\" target=\"_blank\" rel=\"noopener nofollow\">https:\/\/t.co\/x5w6yDRB4M<\/a><\/p>\n<p>\u2014 Steven Nerayoff (@StevenNerayoff) <a href=\"https:\/\/twitter.com\/StevenNerayoff\/status\/08156073?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">November 15, 2023<\/a><\/p><\/blockquote>\n<p>Members of the Cardano community have not hesitated to point out the <a href=\"https:\/\/www.youtube.com\/watch?v=9S5IQrnj3dc\" target=\"_blank\" rel=\"noopener nofollow\">similarities between Ethereum\u2019s Plasma<\/a> and Cardano\u2019s Hydra, a Layer-2 scaling solution. They argue that Plasma\u2019s recent developments closely resemble\u00a0Hydra\u2019s functionalities.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/cardano-october-whale-frenzy-what-lies-ahead-for-november\/\" target=\"_blank\" rel=\"noopener \">Cardano October Whale Frenzy \u2013 What Lies Ahead For November?<\/a><\/div>\n<p>Whether substantiated or not, such claims contribute to the broader conversation about innovation and originality in the blockchain space.<\/p>\n<figure style=\"width: 2770px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/Y7CDD7xU\/\" alt=\"Cardano (ADA) price chart on TradingView\" width=\"2770\" height=\"1556\"><figcaption class=\"wp-caption-text\">Cardano (ADA) price is moving sideways on the 4-hour chart. Source: ADA\/USDT on <a href=\"https:\/\/www.tradingview.com\/chart\/HSuSIPeM\/?symbol=BINANCE%3AADAUSDT\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<p>Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent surge in Cardano (ADA)\u2019s market value has caught the attention of both investors and analysts alike. Over the past 24 hours, ADA has seen a 7% increase, trading at approximately $0.39 at the time of writing. This uptick in value is not just a momentary blip on the radar but a part of a broader trend that mirrors the 2018-2020 consolidation phase of ADA, according to a well-known crypto trader and analyst, Ali. Interestingly, the analyst noted this current consolidation phase comes without the dramatic influence of an event like the Covid-19 crash. Related Reading: Cardano Price Poised To Rally 650% By July 2024: Crypto Analyst Cardano (ADA) To Skyrocket In December Ali has expressed insights on X (formerly known as Twitter), drawing parallels between ADA\u2019s current market behavior and its historical trajectory. If these patterns hold, Ali suggests that ADA might soon break through the $0.45 resistance level, potentially as early as the first week of December. #Cardano&#8216;s current consolidation trend eerily mirrors the 2018-2020 phase without the COVID-19 crash! If so, $ADA could break through the $0.45 resistance around the first week of December. The upswing could send #ADA to $0.75 by late December. Looking to trade this setup? Head\u2026 pic.twitter.com\/u3KzOsZj2F \u2014 Ali (@ali_charts) November 16, 2023 Currently, ADA is trading at around $0.39. Despite a recent uptick in its weekly performance, the asset has experienced a minor pullback from its 24-hour high of $0.40. Although this peak approaches the resistance level highlighted by analyst Ali, ADA appears poised for a potential rally. This is indicated by a significant increase in its daily trading volume, which has risen by over $200 million in the past day, suggesting heightened trading activity for the crypto. Furthermore, as the year approaches, Ali\u2019s prediction for ADA\u2019s price to reach as high as $0.75 during the festive season seems to gain credibility with the recent surge. If ADA continues on this trajectory, it could signify a notable milestone in its journey and potentially reshape investor perspectives on Cardano\u2019s role in the competitive crypto landscape. Media Spotlight And Ethereum\u2019s Alleged Imitation It is worth noting that the recent spotlight on ADA can be partly attributed to the statements made by Steven Nerayoff, a prominent figure in the crypto sphere known for his critical views on Ethereum. Nerayoff\u2019s declaration of ADA as his \u201ctop pick in crypto\u201d has fueled media discussions and increased interest in Cardano. His recent public criticism of Ethereum, accusing the platform of imitating Cardano\u2019s innovations, has added a layer of intrigue to the ongoing narrative. This controversy particularly concerns Ethereum revisiting its Plasma scaling solution, first introduced in 2017. What timing! This is why I just said @Cardano_CF is my top pick in crypto. You will hear on the recording me telling @VitalikButerin he made a major mistake in getting rid of @IOHK_Charles &amp; should bring him back. Are the clueless smug @ethereum cultists who got rid of Charles\u2026 https:\/\/t.co\/x5w6yDRB4M \u2014 Steven Nerayoff (@StevenNerayoff) November 15, 2023 Members of the Cardano community have not hesitated to point out the similarities between Ethereum\u2019s Plasma and Cardano\u2019s Hydra, a Layer-2 scaling solution. They argue that Plasma\u2019s recent developments closely resemble\u00a0Hydra\u2019s functionalities. Related Reading: Cardano October Whale Frenzy \u2013 What Lies Ahead For November? Whether substantiated or not, such claims contribute to the broader conversation about innovation and originality in the blockchain space. Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":545044,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16896],"tags":[12333,79508,134,12332,6664],"class_list":["post-561085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-adausdt","tag-altcoin","tag-cardano","tag-crypto"],"acf":[],"yoast_head":"\n<title>History Repeats? Cardano (ADA) Set To Skyrocket In December, Predicts Analyst<\/title>\n<meta name=\"description\" content=\"A recent surge in Cardano (ADA)\u2019s market value has caught the attention of both investors and analysts alike. Over the past 24 hours, ADA...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/cardano\/history-repeats-cardano-ada-skyrocket-in-december-analyst\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"History Repeats? Cardano (ADA) Set To Skyrocket In December, Predicts Analyst\" \/>\n<meta property=\"og:description\" content=\"A recent surge in Cardano (ADA)\u2019s market value has caught the attention of both investors and analysts alike. 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.\",\"sameAs\":[\"https:\/\/x.com\/0xEdyme\"],\"url\":\"https:\/\/wncen.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"History Repeats? Cardano (ADA) Set To Skyrocket In December, Predicts Analyst","description":"A recent surge in Cardano (ADA)\u2019s market value has caught the attention of both investors and analysts alike. Over the past 24 hours, ADA...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/cardano\/history-repeats-cardano-ada-skyrocket-in-december-analyst\/","og_locale":"en_US","og_type":"article","og_title":"History Repeats? Cardano (ADA) Set To Skyrocket In December, Predicts Analyst","og_description":"A recent surge in Cardano (ADA)\u2019s market value has caught the attention of both investors and analysts alike. 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). 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Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"History Repeats? 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