BNB has emerged as one of the top gainers in the crypto market over the past few days. While other high-caliber assets faced fluctuations, the fourth-largest cryptocurrency by market cap has experienced significant price gains. Recently, BNB reclaimed the $700 mark after a 12% uptick in just 24 hours. As of now, it’s trading at $708, extending its weekly gains to 22.2%.
Market analysts suggest that BNB could be front-running the altcoin market, signaling a potential altcoin season. Prominent analyst Ali Martinez recently speculated that BNB might be leading the charge, and Cardano (ADA) could be next in line to mirror its impressive rise.
Cardano to Mirror BNB’s Surge?
Martinez pointed out a peculiar correlation between BNB and Cardano’s price actions since January, noting that both coins had mirrored each other until the February 3 price capitulation. Although BNB exhibited more resilience post-correction, ADA has been showing signs of recovering its correlation with the high-ranking altcoin.
On February 9, Cardano followed BNB’s higher-low price action, strengthening the notion that ADA might soon replicate BNB’s over 20% weekly surge. If this correlation holds, Cardano could see a similar 27.7% rally, pushing its price beyond the psychological $1 level.
If $BNB (left) is front-running the market, we should expect a similar price action for #Cardano $ADA! pic.twitter.com/RVkY4AoIzv
— Ali (@ali_charts) February 13, 2025
More Upside for Cardano?
This potential rally is just one of many bullish predictions for Cardano. Martinez has also suggested that ADA could eventually soar to $15, citing cyclical performance from previous years. The analyst believes that Cardano is following a similar pattern to its 2020-2021 rally, albeit at a slower pace, with a target price of $15—a staggering 1,815% increase from its current value.
Also Read: Raoul Pal Predicts Dogecoin Will Surpass Bitcoin as the Leading Cryptocurrency
At the moment, Cardano is consolidating following a recent breakout, trading at $0.7845, up by less than 2% in the last 24 hours. As the crypto market continues to evolve, many are watching closely to see if Cardano can follow in BNB’s footsteps and embark on its own parabolic rally.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
