Cardano is one of the leading cryptocurrency tokens in the market. At press time, the token is sitting at $1.19, struggling to move beyond the aforementioned price mark as the cryptocurrency market undergoes a mild price slump. The price of Bitcoin has dropped from its earlier $100K pedestal, impacting the altcoin market momentum.
However, the bull market is still on the cards, with tokens vying to renew their trajectories again. According to notable analysts and experts, Cardano has yet to portray its full momentum and may soon hit the $1.50 mark, proving its mettle to the domain in its entirety.
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Cardano to the Moon?
Cardano is another promising cryptocurrency embodying the true sense of decentralization and web3 finesse. The token has noted significant price declines in the first half of 2024, but the token is now stabilized, with the current crypto market gaining prosperous momentum due to BTC’s spike to $100K. Per a notable cryptocurrency analyst, Ali Martinez, Cardano whales have purchased nearly $100 million worth of ADA, adding more to the token’s strength and popularity.
In addition to this, Ali predicts how ADA is currently forming an ascending triangle that may push its price to claim the $1.50 price mark.
“#Cardano $ADA is forming an ascending triangle like it was extracted from a textbook! I’m going to @SimpleFXcom to long for this one and aim for $1.50 for 30% gains.“
If all goes well, ADA may soon aim for a 30% surge to sit at a new price spot of $1.50.
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The Token’s Price Analysis for December
According to CoinCodex, ADA may surge to sit at $1.36 by the end of December.
According to our current Cardano price prediction, the price of Cardano is predicted to rise by 14.85% and reach $ 1.362328 by January 5, 2025. Per our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 72 (Greed). Cardano recorded 23/30 (77%) green days with 31.90% price volatility over the last 30 days. Based on the Cardano forecast, it’s now a good time to buy Cardano.
January is marked by the Trump regime taking over the US political domain. The markets are anticipated to recover post-Trump’s inauguration ceremony, which may help ADA gain further strength.
Per CC, ADA may surge to claim the coveted $3 price mark around April 2025.
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