Cardano ( ADA ) has positioned itself as the top performer in the broader crypto market recovery, far outpacing major players like Bitcoin ( BTC ) and Ethereum ( ETH ). While BTC and ETH have posted modest gains of 6% and 7%, respectively, since the start of the year, ADA has soared by an impressive 32%, breaking past the $1 threshold and reigniting investor interest. ADA seven-day price chart. Source: Finbold At press time, Cardano is trading at $1.13, reflecting a 5% increase over the past 24 hours and an impressive 32% surge over the week. This remarkable rally has drawn attention to ADA’s potential to maintain its momentum, with investors speculating on whether the cryptocurrency can break through critical resistance levels in the weeks ahead. ChatGPT projection on Cardano (ADA) price To gauge Cardano’s potential trajectory, Finbold turned to market data and sought insights from OpenAI’s advanced AI model, ChatGPT-4o. According to the AI model, ADA is poised for continued growth in 2025, driven by a combination of technical upgrades and strong fundamentals. In the near term, ChatGPT-4o projects that Cardano could test the $1.50 resistance level, provided its current momentum remains intact. Looking further ahead, the AI estimates a steady upward trend, suggesting that ADA could climb between $2.50 to $3 by the end of the year. Key drivers behind ADA’s price surge One notable driver, as highlighted by the AI, is the introduction of CIP-113 , a proposal that has significantly boosted investor confidence. The proposal aims to integrate programmable assets, enhanced security features, and smart accounts into the Cardano ecosystem. This could potentially enable Cardano to support stablecoins , enhanced security features, and real-world asset tokenization , making a major step forward for the network. ChatGPT outlook on Cardano. Source: ChatGPT/Finbold DeFi activity strengthens the outlook Cardano’s total value locked (TVL) has risen sharply, climbing 33% since the start of the year to $569.4 million, according to data from DeFiLlama. This increase in DeFi activity, as highlighted by the AI model, suggests that the rally is being driven by organic demand within the Cardano ecosystem rather than speculative trading, further strengthening the bullish outlook for the token. Derivatives data reinforces Cardano’s bullish sentiment Derivative data adds another layer of positive sentiment. Long/short ratios on major platforms like Binance and OKX show a strong bias toward long positions , indicating that market participants are confident in ADA’s continued price growth. ADA Derivatives data. Source: CoinGlass Notably, short liquidations have outpaced long liquidations in recent sessions, creating a short squeeze that often drives prices higher. The AI model sees this as a sign of growing trader confidence and a shift toward bullish momentum for Cardano. Surge in wallet activity Recent transaction trends indicate a significant rise in wallet activity on the Cardano network, driven by a surge in new investors since December. Data from the IntoTheBlock reveals steady growth in the total number of funded wallets showcasing a consistent influx of new participants. This increase in activity appears to align with the countdown to Trump’s inauguration , reflecting renewed market engagement and heightened investor interest. ChatGPT notes that this rise in transaction activity and wallet creation reflects increasing network adoption and deeper investor engagement, further bolstering confidence in Cardano’s long-term potential. ADA technical indicators and market projections Technical indicators add weight to the bullish outlook for Cardano, with projections pointing toward a potential breakout. Analyst Ali Martinez has highlighted the formation of a bull pennant pattern, which could propel ADA to a target price of $3. Additionally, projections suggest that Cardano could achieve a $100 billion market cap in 2025 , potentially translating to a price range of around $2.85. This aligns with forecasts highlighted by AI, further strengthening the bullish outlook for the cryptocurrency. This convergence of technical patterns , on-chain activity, and growing market sentiment paints a compelling picture of Cardano’s growth potential, positioning it as one of the most promising cryptocurrencies of 2025. Featured image via Shutterstock The post AI predicts Cardano (ADA) price for 2025 appeared first on Finbold .
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Crypto Markets Bled $300 Billion in a Day as Bitcoin (BTC) Slumped to $95K (Market Watch)
A lot can change in the cryptocurrency markets within 24 hours, and the last day proved that narrative, as BTC slumped from over $102,000 to $95,200. The altcoins have suffered even more, with massive price declines from the likes of ETH, DOGE, ADA, AVAX, LINK, HBAR, DOT, and many others. BTC Slumps Hard After a relatively quiet weekend, which BTC spent mostly at around $98,000, the cryptocurrency went on the offensive on Monday. Within just a few hours, its price skyrocketed from under $99,000 to a multi-week peak of $102,400. This was the first time the asset exceeded the $100,000 mark since the start of the year. It kept climbing during the Tuesday Asian trading session and peaked at $102,800 (on Bitstamp). However, it quickly started to lose value as the day progressed. Once the US trading hours kicked in and some controversial data came out , BTC started to freefall and dumped by five grand in about 60 minutes. It kept dropping in the following hours and plunged to $95,200 earlier this morning, leaving roughly $700 million in liquidations. Despite recovering slightly since then, bitcoin is still 6% down on the day. Its market cap has plummeted from over $2 trillion to under $1.9 trillion, and its dominance over the alts stands at 54.3%. Bitcoin/Price/Chart 8.1.2024. Source: TradingView Alts in Freefall State As it typically happens during such violent corrections, most altcoins have it worse. Ethereum is among the poorest performers, having dumped by 8% from over $3,600 to under $3,400. Even more painful declines come from SOL, DOGE, ADA, AVAX, SUI, LINK, HBAR, DOT, and SHIB, as most of them have dumped by double digits. XRP and BNB have dropped by a more modest 4.5% and 3.2%, respectively, while LEO is the only larger-cap alt that is not deep in the red. The total crypto market cap went from $3.760 trillion yesterday to under $3.5 trillion today, losing roughly $300 billion in the process from top to bottom. Cryptocurrency Market Overview. Source: QuantifyCrypto The post Crypto Markets Bled $300 Billion in a Day as Bitcoin (BTC) Slumped to $95K (Market Watch) appeared first on CryptoPotato . Finbold
Corporate Bitcoin Holdings Surge in 2024, With Momentum Continuing Into 2025: Bitwise Europe
Public corporations are increasingly embracing bitcoin (BTC) as a strategic asset, with holdings accelerating at an unprecedented pace. According to Bitwise Europe, as of the latest data, 74 publicly listed companies now hold BTC on their balance sheets, and 21 of these firms possess more than 1,000 BTC each. The amount of BTC held by Finbold