The digital asset sector has been caught in a period of volatility over the last month. Despite November bringing unprecedented gains, the asset class has struggled amid the holiday season. With a recent slide dropping Cardano to $0.87, there are still hopes for a 100% surge for ADA in January.
There are a plethora of assets that have seen their November gains take a massive hit with the December lull. However, there is no denying that big things are expected in 2025. With the incoming presidential inauguration, cryptocurrencies should get a notable boost over the next twelve months, and Cardano could be one of the biggest beneficiaries.
Also Read: Cardano Rebounds 14%: Is ADA Back on Track for $2 in 2025?
Cardano Eyes Return to $1 in January, While 2025 Should Bring Massive Gains to ADA
With the new year approaching, 2024 enters the history books as the best year yet for digital assets. January saw the arrival of the first crypto-based ETFs for the United States. Things took a massive turn upward with Donald Trump’s presidential election win. The first pro-crypto president should bring favorable regulation that will only drive the asset class to bigger gains.
A reversal during the holiday season has some traders concerned. Among the hardest hit was Cardano; with its recent slide to the $0.87 level, there are still hopes that January can bring 104% gains for the token. However, it will still have to overcome a stark decline over the last several weeks.
Also Read: Cardano: Can ADA Continue November Surge to $5 in 2025?
Over the last 30 days, Cardano has dropped more than 5.6%, according to CoinMarketCap. Those losses extend to the last seven days, where it has dropped more than 7.2%. Still, it is up more than 42% on the year and is looking to situate itself to take a massive turn upward in when the calendar turns to 2025.
According to the crypto price prediction platform CoinCodex, the asset should begin its turnaround as soon as January arrives. Specifically, Cardano should reach a maximum price of $1.78 next month. That would indicate a 103% increase from its current position and should set the tone for how the year can do for ADA.
Analysis predicts the asset will continue its upward trajectory, reaching the $3 mark as early as April. Moreover, the token should near the $5 price point in September, where it should increase as much as 450% from its current mark. Those projections coming to fruition will have it as one of the biggest gainers in the entire industry over the next year.
