Cardano is another ambitious cryptocurrency token, a significant part of the crypto realm that is aiming high as it comes out of its earlier price slump. The token has experienced the majority of the yearly price slump, with ADA showing a mellow price pace. Now that the market momentum has been maximized, ADA can resume its surge, but can it claim the $2 mark by mid-December 2024?
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ADA Founder Hoskinson Claims Bitcoin To Touch $250K: This Is Good for Cardano: Here’s How
The founder of Cardano, Charles Hoskinson, recently took to YouTube to share a compelling new analysis for Bitcoin. Hoskinson added how Bitcoin can claim the coveted price mark of $550K by the end of December 2024.
“It is my belief that Bitcoin is going to go to $250,000 to $500,000 within the next 12 to 24 months because of the investment inflows and the great interest that has been achieved.”
The ambitious price mark shared by the ADA founder has sent a wave of excitement within the cryptocurrency realm. He later shared how the DeFi realm is eager to embrace the Bitcoin ecosystem, predicting how BTC can truly become an incredible element of the DeFi space soon.
“DeFi in the Bitcoin ecosystem will eclipse DeFi in all ecosystems in the cryptocurrency industry within 24 months to 36 months, and that’s just because of scale and liquidity.”
Such bullish price predictions are considered incredibly bullish for the cryptocurrency market in general. As Bitcoin soars in price value, the momentum can also push ADA to new highs, inviting a new surge of interest for the token to bask in.
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When Will The Token Claim The Coveted Price Mark Of $2?
As per CoinCodex, ADA will settle around $1.39 by the end of December.
“According to our current Cardano price prediction, the price of Cardano is predicted to rise by 20.26% and reach $ 1.393505 by January 1, 2025. Per our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 81 (extreme greed). Cardano recorded 23/30 (77%) green days with 36.79% price volatility over the last 30 days. Based on the Cardano forecast, it’s now a good time to buy Cardano.”
However, ADA may touch the $2 mark in early January 2025.
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