Cardano’s price is currently stuck in a downward trend channel, despite its recent highs.
Chart analysis shows that near-term risks to price remain on the downside.
Cardano will reach new heights in the next year. We got Bitcoin DeFi, Midnight, Patnerchains, all the DApp upgrades, Midgard, and some extra magic that we’ll call “the fire rises” pic.twitter.com/ITI6S7mHun
— Charles Hoskinson (@IOHK_Charles) December 31, 2024
Charles Hoskinson, co-founder of the blockchain, highlighted in a tweet that exciting updates are coming to ADA by 2025.
A pivot towards becoming a major Bitcoin DeFi network could be an especially powerful narrative. Bitcoin’s value is likely to skyrocket next year if a global race among nation states to acquire the asset, fueled by the US, begins.
ADA’s price could be supported by more than just the blockchain upgrade. The crypto market is expected to be boosted by tailwinds. Cardano’s price in 2025 could be as high as $1,200.
Cardano price prediction – here’s how high it could go in 2025
Investors anticipated a 180-degree shift in US crypto policies after Trump’s victory in the election last month.
The current administration, and its SEC allies, like Chairman Gary Gensler have done everything they can to kill and stifle innovation in the US Crypto industry.
The incoming Trump administration, on the other hand, is full of crypto industry supporters and allies. This signals that we are about to enter a golden age of crypto in the USA.
This is great news for Bitcoin, particularly if the US Government starts to accumulate BTC as a strategic Bitcoin Reserve.
It could even be better for altcoins such as Cardano which have been battered down for years due to regulatory uncertainty in the US.
Charles Hoskinson could end up as a White House adviser, allowing all of the most vocal ADA supporters direct access to the ear of President Trump. The future looks bright for Cardano by 2025.
How high could the Cardano surge go if we are about to see a bullish breakout?
When ADA reached its record highs of $3 in 2021, the stock had almost rallied to its 2.618 Fibonacci expansion above its record highs of $1.30.
If ADA can achieve this level of performance in 2025, and reach its 2.618 Fibonacci retracement from its lows in 2023 beyond its highs in 2021, it would imply a ADA price peak of $8.
Cardano is a cryptocurrency that requires caution from investors. Cardano must show better growth in its on-chain metrics if it is to rise 10x over current levels.
Cardano smart contracts are locked up with DeFi llama crypto, worth around $440 Million.
This is less than a third of one percent of the total crypto value locked up in DeFi smart contract, which is mostly on Ethereum and Solana chains.
Cardano’s status as the leading altcoin will be maintained if on-chain adoption accelerates in 2025.
