The price of Cardano (ADA) has increased by 10% in the past 24 hours, suggesting a possible positive trend for 2025. This recovery comes after the broader cryptocurrency markets have stabilized following gains in late 2024. However, reaching the $1 price level may be challenging due to reduced activity from large cryptocurrency holders. The rise of Bitcoin, surpassing $97,000, has contributed to a positive market sentiment and aided Cardano's recovery. The future momentum of Cardano will depend on increasing investor confidence and a decrease in selling pressure from major holders.
- Content Editor ( coingape.com )
- 2025-01-02
Cardano (ADA) Price Recovery to $1 Unlikely As Whales Retreat