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Cryptocurrency News Articles
YouTube Analyst Makes Realistic Cardano (ADA) Price Prediction
Dec 31, 2024 at 03:00 pm
A YouTube analysis by Crypto Moose has provided insights into Cardano (ADA) price predictions for 2025. In his video, Moose shared low-end and high-end projections, emphasizing the advancements in Cardano's ecosystem and market dynamics since 2021.
A YouTube analysis by Crypto Moose has provided insights into Cardano (ADA) price predictions for 2025. In his video, Moose shared low-end and high-end projections, highlighting the advancements in Cardano’s ecosystem and market dynamics since 2021.
Crypto Moose emphasized how Bitcoin’s price swings determine trends for altcoins like Cardano, highlighting the crypto’s impact on the larger market. He highlighted Bicoin’s market dominance, saying, “Once Bitcoin dominance is high, that gets funneled into the alts.”
Moose also mentioned the April 2024 Bitcoin halving, an occasion that reduces the amount of new Bitcoin available and increases scarcity. Typically, this event bodes well for Bitcoin’s price and benefits altcoins like Cardano.
Cardano Ecosystem Advancements
The analyst highlighted the progress made by Cardano since its 2021 market cycle. He noted that features like decentralized exchange (DEX) aggregators, operational smart contracts, and new developments such as Hydra and the Midnight airdrop have strengthened the platform’s standing.
Moose compared the current ecosystem to 2021, stating, “Last time, Cardano didn’t have working smart contracts or aggregators. Now it’s faster, smarter, and has staking advantages.” These advancements set the stage for Cardano’s growth potential in the upcoming years.
ADA Price Prediction
Crypto Moose outlined two potential scenarios for Cardano’s price by 2025:
Moose remarked, “If Bitcoin’s hitting $200K and Midnight succeeds, I see Cardano climbing to $11.73 by 2025.”
Read also: Why Is Lido DAO’s Price Rising? Here’s Why LDO Could Hit $4 Soon
Beyond 2025 Speculations
While Moose refrained from specific predictions beyond 2025, he suggested that Cardano could rival Ethereum’s current market cap in the long term. He highlighted Cardano’s rapid growth and staking advantages, which continue to attract users and investors, in his closing remarks.
At press time, ADA is trading at $0.8439 with a daily volume of $961,549,694. The token has been bearish over the past day and week, indicating a downtrend.
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