Cardano (ADA) Price Prediction January 3: Potential to Rebound to ATH in 2025?

Bittime - Cardano (ADA), along with Avalanche (AVAX), are emerging as key players in the growing cryptocurrency market. Cardano and Avalanche are well-established projects with a focus on scalability and interoperability.

Heading into 2025, each of these tokens offers a unique value proposition, making them important contenders in the race for significant profits.

Cardano's Steady Progress Through Research and Development

Cardano's growth is seen in its strong focus on research-based changes, making it a solid and growing blockchain platform. The use of Ouroboros proof of stake consensus has significantly improved energy efficiency and security.

New changes include the UTXO-HD system that makes data storage and search easier, as well as the Plutus smart contract platform that supports better development of decentralized applications (dApps). 

Additionally, Hydra plans are being developed for off-chain transactions with the goal of high speed and low waiting time. This careful approach ensures that every upgrade is carefully vetted, strengthening Cardano's position as a secure and sustainable blockchain choice.

Challenges Behind Cardano Market Correction: Slow Progress

After peaking in 2021, Cardano faced various challenges that hindered recovery. 

The prolonged bear market, coupled with low interest in risky projects, has changed ADA's price path. One of the main causes of this decline is the slow rollout of major updates, such as the launch of smart contracts that have experienced delays in widespread adoption.

While Cardano's focus on growth and sustainability sets it apart, the platform faces stiff competition from other blockchains that offer faster transaction speeds and broader developer support. With the emergence of new, more innovative projects, the ADA space is at risk of being marginalized, resulting in a decline in trading volume and interest.

Factors That Could Drive Cardano's Recovery

Despite the challenges, Cardano has several key strengths that could fuel a recovery. The move towards scalability through the Hydra protocol aims to significantly increase transaction throughput, making this blockchain more attractive for dApps. This innovation can reignite developer interest and drive user adoption across the ecosystem.

Cardano's commitment to decentralization and energy efficiency is in line with the increasing demand for sustainable blockchain solutions. These values ​​appeal to environmentally conscious investors, providing an edge over high energy consuming competitors.

The network's focus on education and partnerships, especially in underserved areas, could also expand its user base. This kind of initiative reflects Cardano's long-term vision and the ecosystem's stable growth potential.

Technical Analysis and Current ADA Price Momentum

Currently, ADA is trading around $0.96 and has seen a price surge of over 8.5% in the last 24 hours. 

This price spike has resulted in a breakout of the prolonged consolidation and trendline that the altcoin has been facing since early January 2024.

Trading volume increased 160% in the last 24 hours, indicating significant participation from traders and investors.

ADA Price Prediction

Based on recent price activity and performance, CoinPedia technical analysts predict that ADA is bullish and could surge up to 30% to reach the $1.26 level in the future. However, this bullish outlook will only hold if the altcoin closes the daily candle above $0.98; otherwise, the potential upside may fizzle out.

Source: TradingView/@ChandanGupta

ADA's Relative Strength Index (RSI) is currently at 52.65, which indicates that the asset has enough room to continue its upward momentum. With all these factors, there is potential for Cardano to return to its all-time high (ATH) in 2025 if this positive trend continues.

Read too Cardano (ADA) Price Prediction 2024, 2025 - 2030

Latest Cardano (ADA) to IDR Price Today (January 3, 2025)

ADA price to IDR via Market Bittime

The price of Cardano (ADA) against IDR is with a positive trend, where the price is currently at IDR 16,875, experiencing an increase of 11.82% in the last 24 hours. 

The Stochastic RSI indicator is showing a value of 95.41, indicating overbought conditions, while the MACD is at -161, indicating the potential for a reversal if the momentum does not continue. 

The fairly high trading volume (111,006K) also supports this bullish trend, although it is necessary to be aware of the possibility of a correction if the price is unable to maintain the current level.

Read too How to Buy Cardano (ADA)

FAQ about Cardano (ADA) Price Prediction January 3

What is Cardano (ADA) price prediction?

Cardano (ADA) price prediction is an analysis that tries to predict how the price of the ADA token will move, especially on January 3 and its potential to reach an all-time high (ATH) in 2025.

What could drive Cardano price recovery?

Some factors that could help Cardano's price recover include improving network capabilities through the Hydra protocol, Cardano's commitment to decentralization and energy efficiency, and efforts to establish partnerships and education in underserved areas.

How does Cardano technology affect ADA price?

Technological developments such as the UTXO-HD system and the Plutus smart contract platform could attract more developers and users, which in turn could increase the demand and price of ADA.

What challenges is Cardano currently facing?

Cardano faces several challenges, such as a sluggish market, slow rollout of important updates, and competition from other blockchains that are faster at transactions.

What is the current price of Cardano (ADA)?

Currently, ADA is trading at around $0.96, which is equivalent to around IDR 15,552 (0.96 x 16,200). In the last 24 hours, ADA has increased by more than 8.5%, indicating a positive trend.

What is the future price prediction for ADA?

Analysts estimate that ADA could rise up to 30% and reach a price of $1.26, which is equivalent to around IDR 20,472 (1.26 x 16,200) in the future, provided the price remains above $0.98, which is equivalent to IDR 15,876 ( 0.98 x 16,200).

What is the Relative Strength Index (RSI) and how does it relate to ADA price?

The Relative Strength Index (RSI) is a tool used to measure the strength of price movements. Currently, ADA's RSI is at 52.65, which indicates that there is potential for continued price increases.

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Reference

Cryptopolitan Media, Cardano Price Prediction How Does ADA Compare to Avalanche AVAX and Lightchain AI in 2024, Accessed January 3, 2024

finesse, Cardano Faces 22-Month Market Correction Will ADA Hit New All-Time High Soon?, Accessed January 3, 2024

Chandan Gupta, Breakout Alert! Cardano (ADA) Price Poised for 30% Rally, Accessed January 3, 2024

Author: IN