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Reading: How High Will Cardano Prices Rise in January 2025?
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EdaFace Newsfeed > Latest News > Altcoin News > How High Will Cardano Prices Rise in January 2025?
Altcoin News

How High Will Cardano Prices Rise in January 2025?

vitalclick
Last updated: December 27, 2024 1:37 am
2 months ago
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Cardano (ADA) $0.870378 Its price experienced great fluctuation in the market. ADA rose from a low of $0.2799 to a yearly high of $1.32. Analysts note that Cardano continues to be viewed as an undervalued cryptocurrency amid increased developer activity. Although many targets have been set for 2025, it remains unclear how high Cardano can rise in January 2025.

ADA Coin Price2025 ADA Coin Predictions

ADA Coin Price

The biggest increases recorded by Cardano occurred in the fourth quarter of this year. From January to September, the price of ADA hovered around $0.6. However, as of November 15, the altcoin began to rise and climbed to a yearly high of $1.32 on December 7, according to CoinMarketCap data.

ADA price has retreated slightly from these levels and is currently trading at $0.8731. It decreased by 3.84% in the last 24 hours. During this period, the coin fluctuated between $0.8628 and $0.9246. Despite the volatility in the past week, Cardano investors are expecting new highs due to the bull flag forming on the charts.

2025 ADA Coin Predictions

Key factors that could push Cardano’s price up in January include Cardano’s Bitcoin DeFi efforts, the transition to decentralization following the Chang hard fork upgrade, the effects of Hydra Head, Marlowe and Midnight Protocols, and Ripple. $2.2 There is a possible collaboration with Labs.

Input Output Global (IOG), the developer of the protocol, is developing many products under the leadership of Charles Hoskinson. Notably, the organization may make positive announcements for the year, which could drive the ADA price upwards in January.

Some analysts suggested that there could be a rise to $6 in their predictions for the altcoin in the coming years. This level is above ADA’s all-time high of $3.10. However, this goal seems achievable given the adoption channels previously identified.

The cryptocurrency is among the top 10 cryptocurrencies and Bitcoin (BTC) $95,362.8 It has a very strong correlation with . Based on this correlation, any noticeable increase in the price of BTC could also impact ADA in the long run.

Based on these developments, Cardano looks likely to end the year regaining its 52-week high of $1.32.

The rise in Cardano prices in January 2025 will depend on the continued development of the project and the success of potential collaborations. Investors will closely monitor the effects of these factors on the price.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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