BNB's recent 22% surge has led analysts to speculate that Cardano (ADA) could follow suit, with a potential 27.7% rally to $1.
Cardano (ADA) could follow Binance Coin (BNB)’s recent 22% surge with a potential 27.7% rally to $1, according to recent analysis.
BNB has been performing strongly in recent weeks, surging past the $700 mark and becoming the fourth-largest cryptocurrency by market capitalization.
This strong performance has led some analysts to speculate that BNB may be “front-running the altcoin season,” indicating potential rallies for other major altcoins like ADA.
Cardano’s price action has shown a correlation with BNB since January, although ADA lagged behind following the market dip on February 3.
However, Cardano’s price has been realigning with BNB’s performance in the past few days, suggesting a potential breakout if BNB’s surge continues.
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