Cardano HODLers Can Expect a Massive ADA Price Rally in this Month, Analyst Predicts

Cardano has been one of the worst hit cryptocurrencies on the market since the bear market started in 2021

Despite its decline, Cardano is doing pretty well under the hood, with a TVL of $177.64 million and a rising number of active addresses

Whales and sharks are accumulating Cardano at a record pace, suggesting that they believe the price is about to go up

Cardano’s on-chain activity is also increasing, with a 53.36% increase in the number of active addresses in the last 24 hours

Analyst Ali believes that Cardano is on the verge of another price explosion, similar to the one that took place in 2020

The beating that ADA has taken so far is a relatively massive one, and it may even be hard to believe that this cryptocurrency used to be worth around $3

CoinMarketCap data shows that Cardano is currently trading at less than $0.3