The Cardano (ADA) price is set to end 2024 on a quiet note near $0.85, down sharply from its early December highs in the $1.30 area, but still up close to 3x versus its pre-US election levels, which more explosive moves likely in 2025.
For now though, ADA is set to start 2025 on a muted note, with the Cardano price current stuck in a short-term downwards trend channel since its recent highs.
For now, key support in the $0.80 area is holding firm, but chart analysis suggests near-term price risks remain tilted to the downside.
That said, the fundamental outlook for Cardano suggests that at any moment the price could blow higher.
In a recent tweet, the blockchain’s co-founder Charles Hoskinson highlighted exciting updates coming for ADA in 2025.
The pivot to becoming a major Bitcoin DeFi chain could be a particularly potent narrative, with Bitcoin potentially on the verge of skyrocketing next year should a US-ignited global race to accumulate the asset kick off amongst nation states.
However, its not just blockchain upgrades that could support the ADA price going into 2025. The crypto is set to benefit from tailwinds that could send the entire crypto market skyrocketing. Here’s how high the Cardano price could go in 2025.
Cardano Price Prediction – Here’s How High It Could Go in 2025
Trump’s election victory last month triggered a stunning rally in crypto markets at the time, as investors anticipate a 180 degree shift in US crypto policy.
The current administration and its allies at the SEC, such as Chairman Gary Gensler, have done all they could to stifle and kill innovation in the US crypto industry.
By contrast, the incoming Trump administration is full of pro-crypto industry advocates and allies, signaling we are at the cusp of entering a new golden age for crypto in the USA.
That’s great for Bitcoin, especially if the US government starts accumulating BTC for a strategic Bitcoin reserve.
But it could be even better for altcoins like Cardano, which have been beaten down for years amid US regulatory uncertainty.
There is the possibility that Charles Hoskinson might actually end up being a White House advisor, giving all the biggest ADA advocates direct access to President Trump’s ear, and the future is looking good for Cardano in 2025.
So, if a bullish breakout is imminent, how high could we see the Cardano price surge?
Well, when ADA hit its record highs above $3 back in 2021, it had nearly rallied to its 2.618 Fibonacci extension above its 2018 record highs at $1.30.
If it can match this performance in 2025 and hit its 2.618 Fibonacci retracement back from its 2023 lows beyond its 2021 highs, that would imply an ADA price high of around $8.
That said, Cardano investors need to be cautious. Cardano’s on-chain metrics need to show some better signs of growth if the crypto is to rally 10x from current levels.
Per DeFi Llama, crypto worth only around $440 million is locked in smart contracts on Cardano.
That hardly one third of 1% of the total value of all crypto locked in DeFi smart contracts, most of which is on chains like Ethereum and Solana.
If Cardano is to maintain its status as a leading altcoin, on-chain adoption needs to accelerate in 2025.
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