Cardano ($ADA )

Cardano has shown the weakest dynamics among the largest altcoins. Since the beginning of 2024, the price of ADA has grown by only 35%.

A 27% drop in one week in mid-December erased part of the gains noted in the fourth quarter. As a result, the cryptocurrency fell to $0.80.

Investors are concerned that Cardano may lose its place in the top ten largest assets by capitalization. Currently, ADA ranks ninth. It may be displaced by tokens of such large blockchains as Tron (TRX) and Avalanche (AVAX).

A positive forecast will only be relevant if ADA can find support above $1.00 and return to $1.19. Further growth of Cardano will require strong demand and more active blockchain development.$THE $XVG #BtcNewHolder #ADAAnalysis