With no shortage of hype entering the new year, Cardano has already jumped more than 14% in the last 24 hours, leading many investors to ponder if ADA could target a $2.50 price before January ends. The asset has officially broken through the $1 mark Friday as the start of 2025 looks to be a big one for the cryptocurrency.
Cardano is one of many tokens that have high ceilings amid an impending 2025 bull market. Indeed, the network has evolved into one of the more interesting investments. The network’s interoperability has made it a point of focus for traders, as it can interact with other blockchain projects. With favorable cryptocurrency regulation looming this year, that is an incredibly attractive feature that could drive ADA to new heights.
Also Read: Cardano Rebounds 14%: Is ADA Back on Track for $2 in 2025?
Cardano to $2.50? ADA Looks to Get Jump Start to 2025
In November of last year, the cryptocurrency market experienced an unprecedented market surge. A big reason for the increase was the 2024 presidential election win of Donald Trump. On the campaign trail, Trump emerged as what was the first truly pro-crypto presidential candidate in history.
His victory drove Bitcoin to a six-figure price for the first time in history. Moreover, it has many expecting even bigger things in 2025. Indeed, Cardano is among the assets with high hopes, as ADA’s 14% jump to start the year has many wondering if it could eye a return to $2.50 before January is over
Also Read: How Did Cardano (ADA) Perform in 2024?
Over the last 24 hours, Cardano is up more than 14.6%, according to CoinMarketCap. Additionally, its 23% jump over the last seven days has the asset firmly above the $1 mark. At this point, its fast start to the year has ADA looking to outperform its 94% gains in 2024.
Although optimism and sentiment are both high, there is still a question of how it could perform this month. Cryptocurrency price prediction platform CoinCodex has recently projected ADA to reach a $1.48 high in January. Up 36% from its current position, it is far from the $2 expectations many have.
However, there are still big things ahead. Indeed, the platform projects ADA to reach a high of $2.81 in February. Thereafter, they predict Cardano to set a new all-time mark in August, surging to a 2025 high of $5.65. That increase would see the ninth-largest crypto by market cap jumps more than 380% above how it entered the year.