An audacious forecast has emerged in the cryptocurrency world, with analyst Quantum Ascend predicting a staggering 2,000% rally for Cardano (ADA). In a video released on June 8, the analyst drew parallels between Cardano’s current chart patterns and those of Ethereum Classic before its meteoric rise in early 2021. Quantum Ascend suggests that history might be about to “rhyme” rather than directly repeat itself, potentially setting the stage for an explosive run.
The Case for Cardano’s Climb
Quantum Ascend has captivated crypto enthusiasts by overlaying Cardano’s Elliott-wave counts with those of Ethereum Classic. According to his analysis, Cardano is poised on the brink of its fifth impulsive wave, a stage where Ethereum Classic once soared. “They have the same market makers,” he noted, referencing Cardano’s founder Charles Hoskinson’s involvement in both projects—a connection he likens to a “cheat code.”
The analyst employs Fibonacci retracement levels to bolster his argument, revealing that Cardano’s structure has advanced to a similar proportional level as Ethereum Classic’s before its final push. While acknowledging the comparison isn’t flawless, he emphasizes the striking similarities in the patterns. His Fibonacci projections suggest Cardano could potentially reach a conservative target of $4, with more ambitious scenarios eyeing a rise to between $10.67 and $12.55—a zone he identifies as his primary and secondary objectives.
Historical Echoes and Market Dynamics
Cardano’s journey seems to mirror Ethereum Classic’s, with Quantum Ascend pointing out the temporal symmetry. While Ethereum Classic completed its base approximately four and a half years post-listing, Cardano’s analogous base, initiated in late 2017, has matured over a similar timeframe. Though Cardano’s consolidation phase has been somewhat elongated, the analyst views this as merely “loading the spring” for a more dramatic price surge. For a broader context on ADA’s performance alongside other major cryptocurrencies, see our Crypto Price Analysis July-04: ETH, XRP, ADA, SOL, and HYPE.
However, the path to such heights isn’t devoid of turbulence. Quantum Ascend anticipates potential setbacks, with ADA potentially revisiting its former all-time high region around $3.12 before dipping to approximately $1.67 amid broader market corrections. Such a trajectory, he argues, would only reinforce the fractal pattern observed in Ethereum Classic’s ascent, hinting at one last major rally post-correction. This aligns with recent Price predictions 6/30: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, which also highlight potential market corrections.
Skepticism and Conviction
Quantum Ascend is candid about his enthusiasm for Cardano, describing it as one of his “higher-conviction plays.” He outlines three tiers of price objectives: a conservative $4.90, a primary target of $10.67, and a secondary goal of $12.45. Despite the apparent excitement, the question remains whether the altseason’s starting gun will fire as cleanly as the fractal suggests.
The analyst’s thesis hinges on the belief that when two historically linked assets are maneuvered by the same market makers through mirror-image patterns, overlooking the setup could be riskier than embracing it. At the time of writing, Cardano traded at $0.59, leaving investors to ponder whether this is the lull before the storm or merely a mirage in the volatile crypto landscape.
As the crypto community watches with bated breath, the coming months will reveal whether Cardano’s chart patterns are indeed a harbinger of unprecedented gains or if Quantum Ascend’s bold predictions will face the sobering reality of market unpredictability.
Source
This article is based on: Analyst Predicts 2,000% Cardano Rally: ‘Fractal Is Too Clean To Ignore’
Further Reading
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
