Charles Hoskinson is part of Trump’s crypto advisory team. Expect a $15 Cardano price this cycle.
Cardano (ADA)
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is hitting record highs in daily active addresses, even as its price struggles. Whale investors are piling in, and upgrades are bolstering its ecosystem. Here’s what’s next for the Cardano price.
Daily Active Addresses Surge Despite Market Dip in Cardano Price
According to data from blockchain analytics firm Santiment, Cardano’s network recently surpassed 50,000 daily active addresses, hitting 50,828 earlier this week. This milestone reflects an uptick in on-chain activity, even as ADA’s price dipped over 12% in the last week to trade around $0.99.
Popular crypto analyst Ali Martinez pointed out on X that whales continue accumulating ADA. Over two days last week, large investors added more than 100 million ADA to their holdings.
The Plomin hard fork is breathing new life into Cardano, building on September’s Chang upgrade with a sharper focus on governance. ADA holders now have a direct hand in shaping the network’s future, either by voting themselves or delegating to DReps, pushing Cardano toward a more decentralized power structure.
But Plomin isn’t just a governance overhaul. It brings in new Plutus primitives, boosting smart contract performance and giving developers and Stake Pool Operators more to work with.
ADA’s Price Outlook Holds Potential for Growth
Veteran trader Peter Brandt sees a bullish storm brewing for Cardano, citing a year-old double-bottom base as the foundation for what he dubs a “grand bull market.” Analysts like Altcoin Sherpa are on the same page, praising ADA’s resilience compared to other major cryptocurrencies.
Adding fuel to the fire are crypto-friendly policies during Trump’s administration, giving the broader market a shot in the arm. ADA’s recent leap past $1 signals strong buying interest, though experts predict a period of consolidation before the next leg up.
Alt season????
Make no doubt about it, Cardano $ADAUSD has bottomed for a grand bull market
Blue check mark only so no rude trolls pic.twitter.com/Xn33Twot47— Peter Brandt (@PeterLBrandt) January 16, 2025
Still, Cardano isn’t alone in this race. New challengers, such as $SUI, $SOL, and $POL, are lining up to disrupt its momentum.
Cardano Price Growth 2025 Faces Opportunity and Challenges
Cardano’s growing network activity and recent upgrades have set the stage for a solid entry into 2025.
Whale accumulation highlights steady investor confidence, even as short-term price swings test the market. Yet, the rise of competitors like $SUI and $POL signals that Cardano can’t afford to stand still.
With innovation driving its momentum, the network faces opportunity and pressure in a fast-changing crypto landscape.
EXPLORE: SOL Price Smacks New Weekly High As New Solana Layer 2 Cracks $11M Funding
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