The Cardano blockchain’s native cryptocurrency ADA is hovering around the $1.26 mark on Tuesday. The leading altcoin is attracting heavy bullish sentiments in the charts as it surged 270% in the last 30 days. Traders almost tripled their investments in a short period, making massive gains in just a month. The bull run is expected to continue until Trump takes oath in January 2025.
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Investor’s optimism is at its peak and could cool down after he’s sworn into office. After that, Trump’s policies will dictate the future of both the global stock and the broader cryptocurrency markets. A leading AI platform has painted a bullish picture for Cardan’s ADA, predicting that it could surge by double-digits from here. In this article, we will highlight how high ADA could trade by the end of 2024.
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AI Predicts Cardano (ADA) Price For December 2024
Leading on-chain metrics and price prediction firm CoinCodex remains bullish on Cardano’s native token ADA. According to the latest price prediction, ADA could rise by another 12.32% and end 2024 at a high of $1.41. The 12% uptick could invest in $1,000 and turn into $1,120 on December 31, 2024, if the forecast turns out to be accurate.
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Cardano’s ADA had a slow year in 2024 but kick-started a rally after Trump won the election. The leading blockchain is also brimming with activity as Web3 enthusiasts believe Trump will extend his support to the sector. The development could make digital assets soar to new highs as the support will come straight from the White House.
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Read here to know how high Ripple’s XRP could surge during the same timeframe. Both Ripple’s XRP and Cardano’s ADA are in the spotlight due to their massive gains in the last 30 days. Investors are hopeful that both the altcoins could breach their all-time highs before Trump’s presidency ends in 2029.
