The question explores the potential reasons why Cardano might come to dominate the cryptocurrency market by 2025.
Cardano's (ADA) price has surged by 4.88% in the last 24 hours, and the cryptocurrency is showing encouraging short-term bullish prospects. Here's a guide on how to buy Cardano (ADA) on Bitget and a breakdown of the factors driving this potential rally.
The Driver for the Potential Rally
The major driver for the potential 40% near-term rally is the substantial treasury-backed upgrade funding with progress on scalability and interoperability improvements. Input Output Global (IOG), Cardano’s core developer, has secured a $71 million funding approval for major network upgrades. This 12-month upgrade plan targets faster speeds, developer usability improvements, and enhanced interoperability with other blockchains through projects like Acropolis and Hydra. These upgrades are expected to improve network scalability and reduce costs, potentially boosting Cardano’s value [3].
Favourable Trading Momentum
ADA has seen a notable price increase of 24% in the last 30 days, and strong trading volumes near $840 million daily, signaling renewed market interest and buying demand [3]. The MFI and CMF indicators also confirm short-term bullish strength for Cardano.
Bullish Technical Outlooks
Analysts predict Cardano could reach between $1.00 to $1.61 by late 2025, implying a 40-58% increase from current prices. Some are more optimistic, pointing to price targets as high as $2 to $3.91 driven by historical price cycles, breakout patterns, and consolidation trends, although timelines vary [1][4]. The MACD is about to generate a buy signal for Cardano, further supporting the bullish momentum.
The Road Ahead
The 40% rally for Cardano could potentially be just beginning. The Fibonacci extension levels at $1.03 and $1.20 represent potential targets for Cardano. However, the rally’s extent will also rely on overall market sentiment and adoption developments [2].
Buying Cardano on Bitget
- Sign up on Bitget.
- Complete KYC verification.
- Deposit funds.
- Access the spot market for ADA/USDT or ADA/BTC pair.
- It might be strategic to consider buying Cardano at the current stage, provided the support at $0.755 is maintained.
Bonus Offer
Buying ADA on Bitget could earn you $10 in bonuses.
In summary, the substantial treasury-backed upgrade funding, favourable trading momentum, and bullish technical outlooks make a compelling case for Cardano's potential 40% near-term rally. However, market sentiment and adoption developments will also play a crucial role in the cryptocurrency's future price movements.
At the Cardano Academy, students can learn about the potential benefits of investing in Cardano (ADA) due to its current positive finance prospects. The substantial treasury-backed upgrade funding and promising technical outlooks make Cardano a notable investment option in the crypto world.
