Cardano Price to $7.80? How High ADA Could Pump in 2025
The Cardano (ADA) price looks poised to pump back to its December highs in the low $1.30s, with chart analysis painting a bullish picture for ADA’s near-term outlook.
Could this be the start of a new pump that could take ADA as high as $7.80?
ADA was last changing hands around $1.10, having pumped over $0.25 or over 30% since the start of the year.
That pump saw the Cardano price break to the north of a downtrend in play since early December, as well as back above its 21 and 50DMAs, suggestive that the bulls have retaken control of the market.
Over the last few days, the ADA rally has stalled, with the Cardano price forming a range in the $1.056-$1.118 area.
But with Bitcoin (BTC) having broken back above $100,000 and seemingly carrying strong momentum, the mood in the broader crypto market looks set to remain positive ahead of the arrival of the incoming Trump administration in two weeks.
Trump’s administration is the most pro-crypto in history, marking a full 180-degree reversal from the anti-crypto stance of the outgoing Biden administration.
That, coupled with the start of a new pro-crypto Congressional session, means crypto markets are on the cusp of entering a new golden age.
Trump’s crypto Czar, David Sacks, on Bitcoin. pic.twitter.com/M6fi1Y3iiL
— The ₿itcoin Therapist (@TheBTCTherapist) December 6, 2024
Perhaps Trump’s arrival in office might be a “sell-the-news” event. But that is still two weeks away, so its very likely altcoin markets and the Cardano price could continue to rally in the upcoming sessions.
Strong Year for ADA Likely Coming
Most signs suggest that this crypto bull market still has plenty of room to run. Firstly, Bitcoin only just recently entered the final and most explosive phase of its four-year cycle, which typically runs between 6-18 months of the halving (which took place last April).
That, combined with rapidly rising institutional adoption and the possibility of the establishment of a US strategic Bitcoin reserve this year, should keep the world’s largest crypto pumping in 2025.
But there are also signs that altcoin season has yet to really get going this cycle, of which Cardano could be a major beneficiary.
Bitcoin dominance has only just recently started to show signs that it is starting to break down after breaking below a long-term uptrend.
During the 2021 bull cycle, a similar breakout was the precursor for a massive altcoin season that saw assets like Cardano post massive gains.
Cardano also has a bunch of narratives that could help it pump hard if a new altcoin season is right around the corner.
ADA is set to pivot to becoming a Bitcoin DeFi chain as soon as May. Meanwhile, the incoming SEC Chair may back off from the outgoing anti-crypto SEC Chairman Gary Gensler’s position that ADA is an unregistered security.
Moreover, it’s co-founder and biggest advocate Charles Hoskinson might secure a position in the White House as an advisor to incoming President Trump, which could help bolster Cardano’s adoption in the USA.
🚨UPDATE: Video of Cardano founder Charles Hoskinson @IOHK_Charles regarding the Trump Administration’s crypto team.
“It’s very clear that I am going to be involved in some capacity”
Charles, founder of the $ADA cryptocurrency is one of the most well known minds in the crypto… https://t.co/cS8LQK3kWS pic.twitter.com/k5xv2Xpqfs
— Shawn Sully (@oroogle) November 15, 2024
Additionally, traders are starting to price in a growing likelihood that ADA ETFs are listed in the US in 2025, according to Polymarket betting odds, which were last around 33%.
Cardano ETF in 2025 now estimated at 47% chance!
Looks like Cardano users see polymarket as a “nice poll”™🙃 pic.twitter.com/ktjq0W60KP
— 竜 SM₳UG (@SmaugPool) January 6, 2025
How High Can ADA Pump This Bull Market?
Many signs thus point towards Cardano pumping hard in 2025. So how high might it go? Well, during its 2020/2021 bull run, Cardano rallied to the 2.618 Fibonacci extension beyond its 2017 record highs.
If it can match the same feat during this bull run, that would imply an ADA price of around $7.80.
That would mean gains of almost exactly 7x from current levels. As a result, Cardano could be great candidate for best crypto to buy now.
Cardano Risks to Consider
That said, potential investors need to be aware of risks to the Cardano outlook. The main one is that, despite its massive market cap of around $50 billion, Cardano has very little on-chain adoption to show for it.
Its TVL of crypto in smart contracts is still yet to hit $1 billion, per DeFi Llama, and compared to its major rivals (like Ethereum or Solana), Cardano lags in terms of transaction activity and dApp activity in a big way.
Crypto investors are advised not to put their eggs all in one basket (unless that basket is Bitcoin!) and should consider diversifying exposure across a few different high potential altcoin plays.
Source: cryptonews.com
