As the crypto market heads into 2025, investors are gearing up to focus on altcoins with promising futures. While many cryptocurrencies are set to undergo significant changes as 2024 comes to a close, three stand out.
BeInCrypto has identified and analyzed three altcoins, highlighting the key developments expected to shape their trajectory in the coming days.
Cardano (ADA)
Cardano faces a crucial week with its annual membership meeting scheduled for December 31. This event will address the 2025 budget and other strategic decisions, potentially influencing ADA’s direction for the coming year and piquing investor interest in the altcoin’s future.
The meeting date, aligned with the new year, could provide the boost the asset needs to reclaim $1.00 as support. The cryptocurrency is currently holding above the critical $0.85 support level, positioning itself for a potential recovery depending on market sentiment and the outcome of the meeting.
ADA Price Analysis. Source: TradingView
However, if the decline persists and ADA loses support at $0.85, the altcoin could fall to $0.77 or lower. Such a decline would invalidate the optimistic outlook, signaling prolonged challenges to the price recovery.
Celestia (TIA)
Celestia is one of the top altcoins to watch in January as it prepares for the Ginger upgrade. This critical upgrade will double the network’s data availability capacity while reducing block times by 50%, from 12 seconds to just 6 seconds, marking a significant milestone in its network development.
The Ginger upgrade is likely to influence TIA’s price, especially after the altcoin dropped 44% during its early December selloff. Currently trading at $4.82, the token’s performance will depend on whether the market perceives the upgrade as a catalyst for recovery or more volatility.
TIA Price Analysis. Source: TradingView
If the decline continues, the altcoin’s price could fall below the $4.52 support level, potentially reaching $3.88. On the other hand, reclaiming $4.96 as support could signal an uptrend, taking the altcoin to $6.03 and invalidating the bearish outlook.
Tron (TRX)
Tron is trading at $0.25, struggling to break through the $0.26 resistance barrier. The network is on the verge of a crucial upgrade as it integrates Chainlink Data Feeds, establishing Chainlink as its official oracle solution, a move expected to improve the network’s functionality.
This transition will transfer $6.5 billion in Total Value Locked (TVL) from WINkLink to Chainlink, potentially boosting its price. The current target is to break $0.30 and flip it into support, which could spark investor confidence and generate upward momentum.
TRX Price Analysis. Source: TradingView
However, failing to break $0.26 could result in Tron falling to $0.22, invalidating the bullish outlook. Such a decline would prolong losses and dampen enthusiasm around the next upgrade.
The article 3 altcoins to watch in January appeared first on BeInCrypto Brasil.
