If Cardano (ADA) follows in the footsteps of a pattern it created 4 years ago, the 11th-largest cryptocurrency might witness a notable leg up.
Calling out this development, renowned market analyst Ali Martinez acknowledged, “I believe Cardano is following a similar pattern to 2020. If history repeats, we might see a pump around November 18—about two weeks after the US elections—and a potential market top by September 2025.”
Given that cryptocurrencies usually progress in cycles, ADA’s present price action might mirror that of 2020 based on steady developments in its ecosystem. These developments played an instrumental role in triggering a bullish trend in 2021 that prompted an all-time high (ATH) of $3.09.
Based on the present positive market sentiment, Cardano might witness an upward trajectory this month based on Martinez analysis.
Meanwhile, Cardano founder Charles Hoskinson recently aired his unwavering optimism about decentralized finance (DeFi) in the Bitcoin ecosystem.
Young Investors Lead the Crypto Charge in Indonesia
With millennials and GenZ accounting for 60% of cryptocurrency investors on Indonesian soil, this younger generation sees digital assets as a stepping stone toward financial independence compared to traditional banking.
Furthermore, Indonesian youths deem crypto assets promising since they offer an avenue to onboard the borderless financial system. Thanks to their user-friendly interfaces, platforms such as Binance and Tokocrypto play an instrumental role in enhancing adoption.
Thanks to Indonesia’s futuristic regulatory landscape, the nation is emerging as an ideal crypto base in Southeast Asia.