Cardano (ADA) has noted a few downswings before ultimately claiming the $1 mark in 2025. The year 2024 was particularly difficult for ADA as the token kept noting significant plunging trading bars before it could gain steam and hit new price highs in the process. With Bitcoin plummeting to hit below $99K, ADA has suffered a new plunge and is now sitting at $0.75. Will ADA continue to raise the price bar higher in the future? Let’s find out.
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Cardano Undergoes New Developments
Cardano is currently sitting at $0.75 after trading at $1 for quite some time now. The token has slipped its dollar crown primarily due to Bitcoin’s fall this week, as geo-trade tensions took a major route, with retaliatory tariffs bouncing on the US. However, ADA is currently looking stable and may soon soar to new highs as the US administration continues to welcome and innovate the entire crypto sectoral dynamics.
Per Charles Hoskinson, the founder of Cardano, the US is on the brink of being one of the earliest adopters of crypto. Discussing the new use cases of this new route, Hoskinson shared how it’s entirely possible that government IDs and payments would purely shift on Blockchain, ushering in a new era for the world to witness and be a part of.
“JUST IN: #Cardano $ADA Founder Charles Hoskinson says, ‘The US will be one of the largest (adopters) of crypto. It’s entirely possible our voting, government, payments, ID, and central bank will connect to blockchain. If the US does it, 20 to 50 countries will adopt the same.” 🇺🇸”
JUST IN: #Cardano $ADA Founder Charles Hoskinson says "the US will be one of the largest (adopters) of crypto. It's entirely possible our voting, government, payments, ID, and central bank will connect to blockchain. If the US does it, 20 to 50 countries will adopt the same." 🇺🇸 pic.twitter.com/NolDKwABhR
— Angry Crypto Show (@angrycryptoshow) February 4, 2025
In line with this, a video of Alex Becker is also making rounds on the internet, claiming that ADA could easily hit $4 or $5 in the near future.
JUST IN: Alex Becker says "I think #Cardano $ADA's going to $4.00 or $5.00 easily. This is an easy buy." pic.twitter.com/Ga7WiAXlLo
— Angry Crypto Show (@angrycryptoshow) February 3, 2025
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The Token’s Price Path Ahead
Per CoinCodex, ADA may easily hit $0.88 by February 10.
By the month’s end, ADA is forecasted to trade at the $1.22 price mark.
“According to our current Cardano price prediction, the price of Cardano is predicted to rise by 63.64% and reach $ 1.221781 by March 7, 2025. Per our technical indicators, the current sentiment is bearish while the Fear & Greed Index is showing 54 (neutral). Cardano recorded 14/30 (47%) green days with 8.80% price volatility over the last 30 days. Based on the Cardano forecast, it’s now a bad time to buy Cardano.”
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