The crypto market has seen impressive growth recently. In the initial stages, as usual, Bitcoin dominated the market. Recently, Altcoins have taken center stage, with cryptocurrencies like Cardano showing impressive momentum. In the last 30 days, Cardano has seen a growth of 155.2%. Where is the ADA market heading to? Let’s understand what experts think.
ADA Current Performance
On November 6, the price of ADA stood at $0.3246. By the end of November, it reached as high as $1.0815, marking an impressive monthly growth of 213.35%. In November, the market saw three corrections: two minor corrections of 7.5% and 5.1%, and a major correction of 11.38%.
This month, the performance of ADA looks unimpressive. Between December 1 and 6, the market fluctuated between the range of $1.0773 and $1.2304. In the last three days, the market has dropped by approximately 9.3%.
In a recent post, crypto expert Michael van de Poppe suggests that the price of Cardano is currency back in the old range.
Wondering where ADA is headed? Read our long-term Cardano price prediction and discover why 2025 could be a game-changer for investors!
Key Entry Points for Traders
Highlighting opportunities in the present market scenario, Van de Poppe opines that the ideal entry points for swing traders are $0.75 and $1. The chart he shares along with the post strongly supports his argument.
Predictions of a New All-Time High
Notably, the cryptocurrency expert is extremely optimistic about the future of Cardano. Emphasizing how eventful the coming year is going to be for the Cardano market, Van de Poppe forecasts the possibility of ADA reading a new all-time high in 2025.
In conclusion, Cardano offers exciting opportunities for swing traders, with promising growth prospects. As 2025 approaches, many are eager to see if Van de Poppe’s predictions of a new ATH comes true.
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FAQs
According to our Cardano price prediction, the altcoin’s price could hit a maximum of $2.42 by the end of 2025.
The price of ADA could surge to a maximum of $1 by the end of 2024.
At the time of writing, the price of 1 Cardano ADA token was $1.11
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