4 reasons Cardano price may explode higher in 2025
The post 4 reasons Cardano price may explode higher in 2025 appeared on BitcoinEthereumNews.com.
Cardano’s price remains in a technical bear market, but there are three key reasons why the coin could rebound in 2025. Cardano (ADA) appears poised to end the year trading at $0.870, down about 35% from its 2024 high but there are several catalysts to reverse recent losses in 2025. First, Cardano will integrate with BitcoinOS in 2025, opening a $1.5 trillion market opportunity. This integration is expected to enhance liquidity within Cardano’s decentralized finance ecosystem, potentially driving an increase in total value locked. Cardano’s TVL has historically lagged behind popular blockchains like Solana and Base. ADA appears to be undervalued based on its Market Value to Realized Value. Data from IntoTheBlock shows the MVRV has dropped from a high of 1.90 earlier this month to 1.30. Bitcoin MVRV indicator | Source: IntoTheBlock The MVRV ratio compares a cryptocurrency’s current market value to its realized value and is a widely used valuation metric. Assets below an MVRV of 3.90 are considered fairly valued, indicating room for growth in ADA’s price. Further, the Midnight mainnet is set to launch in 2025, with its testnet already underway. Midnight is a privacy-focused project utilizing zero-knowledge proofs. Cardano Stake Pool Operators will play a critical role in securing block production and enhancing data security, which could positively impact ADA’s value ahead of its launch. Cardano price has strong technicals ADA price chart | Source: crypto.news The fourth reason why Cardano may rebound in 2025 is that it has strong technicals. On the daily chart, the coin has retreated by almost 35% from its highest level this year. It has moved below the top of the trading range support level of the Murrey Math Lines tool. Cardano has also fomed a falling wedge chart pattern, one of the most bullish signs in the market. This…
Filed under: News - @ December 31, 2024 3:28 pm