Cardano (ADA) is currently one of the central crypto tokens, vying hard to maintain its dollar crown. However, ADA’s attempts to trade steadily at $1 have already dampened as the crypto slipped below the said mark to trade at $0.90 at press time. Can ADA truly gain momentum to surge beyond the $1 price mark? Let’s find out.

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Cardano: What’s Happening With The Token?

Cardano is currently trading at $0.90, slipping below the $1 price mark after working tediously to claim it. With Bitcoin showing signs of consistent ebb and flow in its price, the altcoin market is also responding to this volatility, with altcoins slipping below their coveted price spots.

However, the recent price dips have been touted as boons for crypto whales, giving them a chance to scoop a sizable amount of crypto tokens. ADA whales have also been accumulating Cardano aggressively as its price dipped to $0.90.

“#Cardano whales took profits on the way up from $1.15 to $1.33, but after $ADA dropped to $0.91, they started buying again. In fact, they’ve bought 160 million $ADA since the dip!”

Similarly, Cardano has had a busy week in terms of whale activity, followed by a hike in transactions, which exceeded $1 million in a single day.

“A massive surge in whale activity on the #Cardano $ADA network! In the past 24 hours, 687 transactions exceeding $1 million were recorded.”

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The Token’s Price Path Before The End Of 2024?

According to CoinCodex, ADA may surge to sit at $0.97 before the end of 2024.

By mid-January, the token may claim a new price spot of $1.19, surging 24% in the process.

“According to our current Cardano price prediction, the price of Cardano is predicted to rise by 24.50% and reach $ 1.132779 by January 19, 2025. Per our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 74 (Greed). Cardano recorded 16/30 (53%) green days with 10.26% price volatility over the last 30 days. Based on the Cardano forecast, it’s now a good time to buy Cardano.”

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