Cardano (ADA) shows a promising recovery ahead
ADA is showing promising signs of recovery after recent price corrections. Currently priced at $1.09, ADA reached a low of $0.85 in December 2024. Analysts predict the Cardano price could hit $1 by January 2025 and soar to $2.50–$3 by year-end.
ADA’s Total Value Locked (TVL) in DeFi increased to $602 million by late 2024, reflecting strong ecosystem growth. Governance discussions led by founder Charles Hoskinson further emphasize decentralization. With a growing DeFi presence and optimistic Cardano price forecasts, ADA is positioned as a solid long-term investment option for traders.
