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Why Is the Cardano (ADA) Price Up Today?

TL;DR ADA jumped to $1.05, possibly driven by overall market recovery, whale purchases, and Cardano partnership rumors. Analysts predict the asset could reach $1.20 soon, with long-term targets as high as $7 based on technical patterns and upcoming developments. What Caused the Pump? Cardano’s ADA is among the best-performing cryptocurrencies today (January 15), with its price soaring to a one-week high of approximately $1.05 (per CoinGecko’s data). Its market capitalization jumped above $37 billion, thus solidifying the asset’s position in crypto’s top 10 club . ADA Price, Source: CoinGecko Perhaps the most obvious reason fueling the rally is the overall resurgence of the digital asset market. Bitcoin (BTC), whose price briefly dipped below $90K a few days ago, is now worth around $97,000. Ethereum (ETH), Solana (SOL), Ripple (XRP) , and many others have also charted impressive gains in the last 24 hours. Another factor could be the whale activity. The popular X user Ali Martinez revealed that such large investors have accumulated more than 100 million ADA (worth over $100 million) in the past 48 hours. Whale purchases reduce the available supply, potentially creating buying pressure and pushing prices higher due to basic economic principles. The move often signals confidence in the asset, encouraging smaller players to follow suit, further amplifying the upward price movement. Last but not least , ADA’s latest pump could be attributed to the speculations about an upcoming partnership between Ripple and Cardano. The leaders of the two entities have held discussions in the past few months. Most recently, Cardano’s founder Charles Hoskinson hinted the possible collaboration could involve the integration of Ripple’s stablecoin: “We’ve already had a call with the RLUSD people. We are actively talking.” ADA Predictions Many market observers think Cardano’s native token has yet to reach new peaks. X user Ssebi claimed the asset had formed a “big W pattern” on its price chart. According to them, ADA is headed toward $1.20 because it broke the $1.02 depicted resistance. Others who weighed in lately include Dan Gambardello and Altcoin Daily. The former believes ADA has “one of the most bullish weekly pattern setups in crypto,” envisioning a potential price explosion to as high as $7. Altcoin Daily made optimistic forecasts about numerous cryptocurrencies at the start of the year, predicting that ADA’s valuation might reach $6.45 sometime in 2025. Meanwhile, Cardano is poised for significant advancements over the next 12 months that could drive its token’s price higher . To explore what’s planned , check out our detailed video below: The post Why Is the Cardano (ADA) Price Up Today? appeared first on CryptoPotato . NullTx

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CryptoQuant Announces Bitcoin (BTC) Price Target for 2025! "At Least $145,000…"

Although the leading cryptocurrency Bitcoin (BTC) has been underperforming since mid-December, the rally expectation continues. At this point, there are many predictions for the BTC price, and CryptoQuant also announced the current forecast. On-chain analytics platform CryptoQuant said in its latest weekly report that the BTC price is preparing for its next macro peak and revealed the price range it expects for BTC. Bitcoin Will Reach At Least $145 Million This Year! At this point, CryptoQunat analysts said that with the new US presidential administration, the mass capital flow will increase and allow Bitcoin to reach at least $145,000 this year. “Given favorable regulatory, monetary and cyclical conditions, we expect capital to continue to flow into Bitcoin in 2025, driving up the BTC price.” Continuing their expectation of an increase in Bitcoin, CryptoQuant analysts added that if history repeats itself, the realized market value of Bitcoin could reach $520 billion. “The expansion in total capital invested in Bitcoin (realized market value) has a much greater impact on Bitcoin`s market value and price. If the $520 billion figure for Bitcoin is realized, we expect the BTC price to reach between $145,000 and $249,000 in 2025.” *This is not investment advice. Continue Reading: CryptoQuant Announces Bitcoin (BTC) Price Target for 2025! "At Least $145,000…" NullTx