The Cardano blockchain’s native cryptocurrency ADA started 2025 on the front foot as it surged double-digits. In the last 24 hours alone, ADA has spiked nearly 15% in the charts and is displaying bullish sentiments. Though its price dipped below the $1 mark, its trading volume remains intact, with over $1 billion in traded funds. It is now among the top-performing assets this wee,k with positive prospects in the indices. The overall sentiment towards the cryptocurrency market remains optimistic as investors are in the ‘greed’ territory.
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Cardano: Should You Buy ADA in January 2025?
Leading on-chain metrics and price prediction firm Changelly has painted a bullish picture for Cardano’s ADA. According to the price prediction, ADA could climb above the $1 mark this month and remain on the greener side of the spectrum. The forecast indicates that Cardano could reach a high of $1.06 and surge nearly 24% in the indices.
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“In the middle of autumn 2024, the Cardano cost will be traded at the average level of $0.915. Crypto analysts expect that in January 2025, the ADA price might fluctuate between $0.770 and $1.06,” read the forecast. Therefore, an investment of $1,000 could turn into $1,240 this month if the forecast turns out to be accurate.
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What Happens Next For the Cryptocurrency Market in 2025?
Bitcoin is looking to reclaim the $100,000 spot after falling to the $96,000 level last month. If BTC breaches its all-time high of $108,135, Cardano’s ADA could also surge further in value. The broader cryptocurrency market could gain from the development as leading altcoins move in tandem with Bitcoin’s rise.
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Apart from Bitcoin and Ethereum, Ripple’s XRP and Cardano’s ADA remain to be the most sought-after cryptocurrencies. The buying pressure in these cryptocurrencies barely dips, making them to be promising to investors. Read here to know how high or low Ripple’s native token XRP will surge in the charts this month.