As 2024 concludes, Cardano (ADA) is set to close at approximately 0.85 USD, significantly down from 1.30 USD in early December. Despite strong support at 0.80 USD, there are concerns of further declines due to the current downward trend.
The fundamental outlook for ADA remains optimistic. Charles Hoskinson mentioned exciting updates for 2025 that could drive substantial price increases. A resurgence in interest within the DeFi space could further elevate ADA’s position.
Expectations of a more crypto-friendly regulatory climate under the new Trump’s administration may benefit ADA. If historical patterns repeat, ADA’s price could soar to about 8.00 USD in 2025, contingent on on-chain growth.