Cardano (ADA) price has increased by 8%, breaking the $1.0 level. Analysts predict that ADA could gain 300% in the coming weeks. Cardano founder Charles Hoskinson states that ADA has a strong future for 2025.
Cardano’s price has surged by 8%, breaking the $1.0 level, while ADA’s weekly rally has reached 16%. Technical analysis suggests that ADA could rise to $4 in the coming weeks, a massive 300% increase. As the market recovers, Cardano is outperforming other cryptocurrencies. Crypto analyst Ali Martinez compares ADA’s current price action to the market cycle between November 2020 and August 2021, suggesting that ADA could enter a similar major bull trend. “I think ADA could rise to $4 in the coming weeks,” Martinez says.
Market Analysts' Opinions
After Donald Trump’s victory, the crypto market saw a 300% increase in a month, creating great excitement in the altcoin market. Market analysts argue that the total market value of altcoins could reach $7 trillion by 2025, and in this case, it would not be surprising for ADA to experience a 300% increase.
Ambitious Statements from Charles Hoskinson for 2025
Cardano founder Charles Hoskinson shared his positive views for 2025. Hoskinson points out that with the integration of Bitcoin, the Cardano ecosystem will gain a potential of billions of dollars. "Increasing Cardano's centralization and removing all obstacles is my primary mission," Hoskinson said.
Hoskinson also noted that he is committed to further decentralizing the Cardano blockchain and questions whether the Cardano Foundation should give more control over decision-making. These developments could have a positive impact on Cardano’s price in the long run.
Today's Price Actions
Cardano’s current price is up 8.07% at $1.01, with a market cap of $35.63 billion. Daily trading volume is up 5% to $1.26 billion, reinforcing the possibility of a sustainable future rally. ADA’s open interest is up 7% to $781 million. With the rise in Cardano’s price, 24-hour liquidations reached $2.38 million, while short position liquidations reached $1.56 million.
Recent strong price action and analysts’ positive forecasts make Cardano an asset to watch closely for investors. Following market dynamics and considering technical indicators will be important to evaluate potential opportunities. Following Cardano’s technology and integration plans can help provide a better insight into future price action.
