Why Cardano’s Price Could Triple by the End of November
More from the Author Cal Evans
Cardano (ADA) is poised for a potential 200% price surge in November, driven by Charles Hoskinson’s new role in shaping U.S. crypto policy, a recent Robinhood re-listing, and the anticipated altseason.
These developments, alongside bullish technical patterns, suggest ADA could reach $2.5 as momentum builds.
Cryptocurrency markets are buzzing with anticipation, and Cardano (ADA) is emerging as a frontrunner with the potential for a massive rally. Analysts predict that ADA could surge up to 200% this November, and if this momentum holds, the price could reach an impressive $2.5. So, what’s driving this optimistic outlook? Here are the three primary catalysts sparking excitement around Cardano: Charles Hoskinson’s new position with the U.S. government, Cardano’s re-listing on Robinhood, and the anticipated “Altseason.”
1. Hoskinson’s Role in U.S. Government Crypto Policy
Cardano’s founder, Charles Hoskinson, recently announced his collaboration with the U.S. government to help shape crypto policies. This marks a significant milestone, as Cardano now has a direct influence within the world’s largest economy and could benefit from policies favorable to its growth. Speculation is building around the potential for Cardano’s very own spot ETF approval in this new, crypto-friendly administration, which could drive substantial institutional investments into ADA.
In a notable event, a NASA Systems Engineer attended the Dubai Cardano Summit, raising eyebrows and hinting at Cardano’s potential alignment with U.S. government projects. With Hoskinson’s governmental presence, this connection could pave the way for further Cardano adoption and create powerful momentum behind its price.
2. Cardano’s Robinhood Re-Listing
On November 13, Robinhood re-listed Cardano, along with two other crypto assets. As a platform with significant retail investor influence, Robinhood’s decision to support ADA again brings new buying power to Cardano. This move signals growing acceptance and confidence in Cardano among mainstream audiences.
The re-listing aligns with the market’s transition from the “Excitement” phase to the “Euphoria” phase of the bull cycle, as described by Blockworks co-founder Jason Yanowitz. In this transition, coins like ADA have historically experienced exponential price jumps, and Robinhood’s support could be the push ADA needs to climb even higher.
3. Altseason on the Horizon
Altseason, the period when altcoins like Cardano rally more than Bitcoin, seems imminent. Historically, this season begins roughly 235 days after a Bitcoin halving event. Now at 208 days post-halving, analysts predict an altcoin rally within the next month, fueled by a decline in Bitcoin dominance. During such times, altcoins soar as investors shift focus to alternative assets.
Cardano’s technical analysis supports this optimistic outlook, showing a potential breakout pattern. Currently trading around $0.57, ADA has formed a double-bottom pattern on the monthly chart. If the price breaks the neckline, ADA could surge by 200%, reaching a target of $2.5 and possibly testing its all-time high of $3.09.
Can Cardano Hit $2.5?
Given these developments, ADA is well-positioned for a substantial rally. Hoskinson’s new government role, Robinhood’s re-listing, and the imminent altseason collectively point to an ADA price boom. If Cardano breaks through key resistance levels, a 200% increase may just be the beginning of its November rise, bringing a new chapter in the altcoin rally and elevating ADA’s standing in the crypto market.
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