Cardano (ADA) has seen its price rise for the third consecutive day as the overall crypto market experiences a comeback, resulting in a total market cap of $3.7 trillion. ADA is now at its highest level since January 7th and is currently 43% above its lowest point in December. The coin's market cap stands at $35 billion. There are several reasons why ADA could potentially jump by 50% soon. Cardano's weak ecosystem compared to popular coins like Sui and Solana has caused it to trail behind, but upcoming integrations with BitcoinOS and Midnight ZK, as well as the potential rise of meme coin creators, could lead to substantial growth in the ecosystem. The approval of exchange-traded funds by the SEC could also benefit Cardano's price growth, as well as its technical indicators, which suggest a significant rise during the ongoing crypto bull run. Based on these factors, ADA's price could reach $1.60, a 50% increase from its current level.
Content Editor ( crypto.news )
- 2025-01-16
3 reasons why Cardano price may surge 50% soon
