Cardano (ADA) Price Prediction 2025

Cardano (ADA) price breakout

As someone who has been closely following the cryptocurrency market since its early days, I must say that the potential of Cardano (ADA) truly excites me. With my background in technology and finance, I have seen firsthand how innovative projects can disrupt entire industries, and Cardano certainly fits that bill.

In about a month, the price of ADA skyrocketed from $0.33 to $1.22, representing an impressive surge of approximately 181.5%. Although there was a slight dip at the beginning of December, the general trajectory for the month indicates a robust upward movement.

Previously, the value of ADA matched what it is now in April 2022, but it hasn’t yet surpassed its peak of $2.85 from August 2021, which remains its highest recorded price to date.

Currently, ADA has surpassed its competitors such as Solana and Ethereum, ending higher in 17 out of the last 20 trading days. In November 2024, ADA experienced a remarkable increase of 230%, marking its most successful month since August 2021. The futures open interest reached an impressive 40-month peak of $1.18 billion on December 3, demonstrating robust market enthusiasm.

According to Santiment, ADA’s recent 25% spike is likely to attract more retail investors.

🚀 In recent times, Cardano has emerged as one of the unexpected altcoins experiencing significant growth during this broader crypto surge. Over the past three days, it has soared by more than 25%, suggesting that retail investors might soon experience a sense of fear-of-missing-out (FOMO). This upturn is well-deserved for the persistent ADA community who have shown patience over time.

— Santiment (@santimentfeed) November 8, 2024

On November 23rd, ADA marked a notable achievement as it exceeded $1 for the first time in three years, propelling its market value beyond $40 billion. This escalation indicates heightened investor trust and enhanced trading dynamics on prominent stock exchanges.

Anger symbol #Cardano, #EOS, and #Tron were once highly favored assets, but recently, trading communities have started to criticize them. This year, their performance has been dismal, leading some to believe a downturn might soon turn into an uptrend, drawing investors back in with renewed interest. 🎣

— Santiment (@santimentfeed) October 5, 2022

Although ADA has seen a surge and noticeable improvement lately, it is still well beneath its peak price of more than $2.80, which it reached previously.

As a researcher, I’ve noticed that the widespread decline in the cryptocurrency market has significantly affected prices, causing them to plummet. Currently, coins like ADA are striving to regain their former high points, which they momentarily lost during this downturn.

Cardano spot ETFs

Following the endorsement of Bitcoin and Ethereum Exchange-Traded Funds (ETFs), some analysts predict that Cardano (ADA), Ripple (XRP) and Solana might soon follow suit by getting their own ETF approvals.

Although several asset management companies have submitted applications with the SEC for ETFs focused solely on Solana and XRP, there hasn’t been a similar application for a Cardano-focused ETF yet.

This situation has sparked debates on whether Cardano might take a similar path, ultimately becoming eligible for inclusion in an Exchange-Traded Fund (ETF). If it does, this could significantly increase its visibility and credibility within the wider investment market.

Cardano blockchain

In the past few months, the Cardano blockchain has shown strong resilience in its performance. One notable milestone is reaching over 100 million total transactions, according to U.Today. Such advancements highlight the increasing popularity of Cardano and investors’ growing enthusiasm for it.

The open-source blockchain network known as Cardano was created with the aim of tackling the issues related to scalability, compatibility, and long-term sustainability that were faced by earlier platforms such as Bitcoin and Ethereum.

This system operates using a proof-of-stake agreement method and boasts a tiered structure, where the settlement and computational processes are divided into separate layers.

More recently, the Hydra protocol on the Cardano network, a scalability solution for Layers 2, managed an impressive speed of one million transactions per second (TPS). This significant achievement showcases the expanding potential of the platform.

With more users putting their assets into action and carrying out Decentralized Finance (DeFi) operations on the Cardano network, the need for ADA grows, given its function in transaction charges and gas expenses.

Charles Hoskinson to lead U.S. crypto policy?

Charles Hoskinson, the creator of Cardano, has declared the creation of a policy division within Input Output for the purpose of fostering crypto currency policy making in the United States.

As an analyst, I’m highlighting my dedication to fostering collaborative relationships with legislators, government officials, and key figures in the cryptocurrency sector based in Washington D.C., with the aim of influencing beneficial regulations for our industry. (Video on X) – Hoskinson

Hoskinson mentioned he will devote substantial time to collaborating with legislators in Washington D.C., as well as members of the government, to advance and streamline cryptocurrency regulations, working together with other influential figures within the sector,” (paraphrased).

During the Constitutional Convention in Buenos Aires, Argentina, on December 5-6, 2024, an important step was taken within the Cardano community as they approved the initial version of their constitution.

The gathering attracted Cardano fans, creators, scholars, financiers, and local participants hailing from various global locations.

The constitution lays out the structure of rules and limitations (provisions and guardrails) that serve as a roadmap for Cardano’s future development and administration, mirroring its decentralized ideology.

We’ve made significant strides to reach this point today.

The Cardano Constitution has been ratified, signifying a pivotal milestone on our path towards completely decentralized administration. However, as a community, we have one more critical step left to take.

In January, the approved text will be implemented…

— Input Output (@InputOutputHK) December 6, 2024

Cardano versus Bitcoin

In a recent YouTube interview, Charles Hoskinson forecasted that the value of Bitcoin might reach anywhere between $250,000 and $500,000 in the upcoming 12 to 24 months, primarily due to significant investments pouring in and growing institutional attention.

Charles Hoskinson emphasized the possible far-reaching influences on the overall cryptocurrency market. The surge of Bitcoin to unprecedented heights might initiate a chain reaction, boosting Cardano (ADA) and other digital currencies simultaneously.

The positive perspective is reinforced by the significant relationship observed between Bitcoin and various digital currencies such as ADA, with a current correlation of 0.87, based on data from IntoTheBlock.

Moreover, the increasing attention towards Decentralized Finance (DeFi) within the Bitcoin community could foster collaborative benefits for Cardano. As Cardano advances, its emphasis on scalability, sustainability, and a user-friendly development platform makes it an attractive choice for innovative projects and developers seeking to create advanced DeFi solutions.

The synchronization of Bitcoin’s market dynamics and Cardano’s continuous development of its platform may significantly boost the expansion and acceptance of both systems.

Can Cardano crash again?

In the month of December 2024, the total value locked (TVL) on Cardano’s decentralized finance (DeFi) platforms experienced a significant increase, soaring from approximately $230 million to more than $705 million.

Confidence among investors in Cardano continues to be robust, as indicated by CoinGlass’ data showing a substantial $98.37 million withdrawal of ADA tokens from exchanges, suggesting that holders are transferring their assets into personal wallets for safekeeping.

The number of large transaction has also experienced a major spike in December.

Furthermore, data from IntoTheBlock indicates a significant rise in the number of whale wallets containing between 10 million and 100 million ADA during November, implying that major investors are amassing a considerable amount of this cryptocurrency.

As a researcher observing the market dynamics, I find myself witnessing the surge that propelled Cardano’s (ADA) price beyond the significant $1.30 psychological barrier. This momentum seems to have instilled a sense of expectation among large-scale investors, who appear to be anticipating further upward trajectories in the near future.

From my perspective as a crypto investor, the on-chain data doesn’t indicate that Cardano (ADA) is likely to drop below $1 at this moment. This observation bolsters my positive outlook for the token’s continued growth trend.

Price forecast: How high can Cardano go?

A user who employs X, after hearing from an experienced trader, brought up a forecast from 2021 made by Brandt. In this prediction, he anticipated that ADA would fall to $0.10. Contrary to his expectations, it instead reached unprecedented highs, nearly touching $3.

Cardano’s (ADA) technical and market indicators suggest a cautiously optimistic outlook.

ADA: IntoTheMoney

Approximately 88.57% of ADA holdings are tied up in contracts, amounting to a substantial value of around $37 billion. This suggests that the majority of ADA holders are enjoying significant profits.

ADA: OutTheMoney

In simple terms, contracts currently stand at 3.62% (amounting to $1.53 billion in ADA), whereas AtTheMoney Contracts account for 7.81% ($3.29 billion in ADA). This suggests a market that could be primed for an uptrend.

The expansion of Bollinger Bands indicates growing purchasing pressure, suggesting a surge in market optimism. Meanwhile, the Moving Average Convergence Divergence (MACD) demonstrates a bullish movement as the MACD line surpasses the signal line, hinting at an increase in positive trend.

In simpler terms, the Relative Strength Index (RSI) is approximately 50, indicating a balanced momentum for ADA. There’s still potential for ADA to climb higher before reaching overbought conditions.

According to Dan Gambardello, who established Crypto Capital Venture, there’s a possibility that the value of Cardano could climb up to $3 if it receives positive developments, perhaps like the approval of an exchange-traded fund (ETF) similar to what Ripple (XRP) has recently secured.

Gambardello built his analysis using recurring trends observed from past market cycles, coupled with the latest technological breakthroughs in the Cardano platform.

In approximately 30-60 days, Cardano is projected to reach its All-Time High (ATH). This potential surge in the value of ADA could be linked to a Trump appointee at the SEC.

— Dan Gambardello (@cryptorecruitr) December 4, 2024

Such an event might lead to a substantial increase in token prices, as institutional involvement tends to follow these kinds of advancements. This, in turn, strengthens the token’s credibility and investor confidence in the market.

According to information from Cryptorank, it’s projected that Cardano (ADA) may experience an average increase of approximately 66.8% in December, suggesting a predominantly optimistic outlook for the cryptocurrency during this period.

By applying the Fibonacci indicator, certain analysts propose that the potential upcoming peak may surpass $2.4, which aligns with the 1.618 Fibonacci ratio. If this mark is exceeded, the subsequent significant target could lie at $8.30, representing the 2.618 Fibonacci level.

According to well-known analyst Ali Martinez, the trend of Cardano’s price seems reminiscent of its behavior from 2020.

If history repeats, the ADA price might potentially hit $6, according to Martinez.

In simpler terms, it’s not expected that the value of ADA will increase significantly in double digits during its current phase. The $10 price point is still considered a long-term goal. However, experts believe it’s possible for ADA to exceed its all-time high (ATH) by 2025 and trade above $3.

2024-12-08 21:14