Latest Cardano (ADA) Price Prediction: Impact of Crypto Whales and Trump's Voting

Bittime - In recent days, ADA coin, a crypto asset of the Cardano blockchain platform, showed significant movements in the digital asset market. Can ADA price rise above $1 per coin in 2025? So what are the predictions?

After experiencing a sharp price decline in December 2024, ADA is now starting to recover in line with the positive trend in the crypto market as a whole. 

This development attracted the attention of investors, especially 'whales'—the term for individuals or entities with large amounts of crypto asset holdings—who began to accumulate significant amounts of ADA.

Whale Buys 40 Million ADA Coins

According to the latest report, in the last 48 hours whales have purchased more than 40 million ADA tokens from various exchanges. This move occurred after ADA managed to break through the trend line and exit the consolidation zone on the daily chart, which is considered a positive signal for further price movement.

This massive accumulation by whales also provides retail investors with an indication of potentially profitable buying opportunities. Following the buying action, ADA experienced a price increase of around 16%, indicating strong bullish momentum.

ADA Price Today

However, amidst this positive momentum, ADA faced a price decline of more than 2.1% in the last 24 hours, with the price currently hovering around $1.07 (Rp. 17,334). Trading volume also fell by more than 50% in the same period. 

Some analysts attributed the decline to rumors of a health crisis hitting China, which may have affected overall market sentiment.

ADA Price Prediction

Despite this, technical analysis shows that ADA is still in a bullish trend and has the potential to continue rising. In the last three days, ADA has increased by around 32% and is currently undergoing a correction that may lay the groundwork for further gains. 

If ADA is able to stay above the $1 level (Rp. 16,200), there is a chance of rising around 25% towards the $1.32 level (Rp. 21,384) in the next few days.

Other Factors

Apart from technical factors, market sentiment is also influenced by political agendas, such as the inauguration of the President-elect of the United States, Donald Trump, which is scheduled for January 20 2025. 

This event is expected to have a significant impact on asset prices, including ADA, considering government policies that may influence future regulation and adoption of cryptocurrencies.

Overall, although there are several factors causing price fluctuations in the short term, the long-term outlook for ADA remains positive, supported by accumulation by large investors and technical analysis indicating potential for further upside.

FAQ 

What is ADA Coin?

ADA is a crypto asset of the Cardano blockchain platform.

ADA Price Could Rise to What Level in the Near Future?

There is a chance for ADA coin to rise around 25% towards the level of $1.32 (Rp. 21,384) in the next few days.

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Reference

CoinPedia, Cardano Coin Price Prediction, Retrieved January 5

CoinMarketCap, Cardano, Retrieved January 5