Amid what is set to be a massive year for the cryptocurrency industry, Cardano welcomed the new year with a 10% surge, leading many to question if ADA could be on track for a $2 high in January. Indeed, there are big things expected from the cryptocurrency in 2025, with its recent jump reinforcing that belief.
The entire market is set to benefit from a groundbreaking shift set to take place in the US this year. With Donald Trump’s return marking the first pro-crypto president in history, the regulatory landscape should change dramatically. Just two days in, Morgan Stanley has contemplated offering crypto trading services in preparation for massive changes approaching.
Also Read: Cardano Rebounds 14%: Is ADA Back on Track for $2 in 2025?
Cardano Eyes $2 in 2025: But Can ADA Reach The Mark in January?
The last twelve months have proven to be remarkable for the cryptocurrency sector. The asset class has thrived, with the first crypto-based ETFs being approved in the United States a year ago. However, a lot has changed since then. Moreover, the market is expecting even bigger things to take place this year.
There are a plethora of cryptocurrencies that are looking to make a monumental jump in 2025. Among the most promising is Cardano, as the crypto has already welcomed the year with a 10% jump and hopes that ADA could be well on its way to a $2 price before January ends.
Also Read: Cardano (ADA), Solana (SOL) & Binance Coin (BNB) Year End Price Paths
Over the last 24 hours, Cardano is up more than 10%, according to CoinMarketCap. Moreover, it is up around 9% over the last seven days and rebounding well from the 19% drop that dragged it down over the last month. Altogether, the ninth largest crypto by market cap had increased more than 55% in 2024.
That is expected to pale in comparison to its 2025 performance, however. Cryptocurrency price prediction platform CoinCodex has high hopes for ADA this year. Indeed, they project the asset will reach an all-time high over the next twelve months. Specifically, they predict Cardano to surpass $5 in August.
That is far above and beyond the asset’s current $3 landmark price. But with such a long way to go, can Cardano break through $2 in January? Currently, it looks unlikely. According to the platform, ADA is on track to end the month with a $1.32 high. However, that is still up 38% from its current position. Moreover, it sets the stage for a $2.50 high in February, a 161% increase from how it entered the year.
