Charles Hoskinson is part of Trump’s cryptocurrency advisory team. Expect a Cardano price of $15 this session.
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It’s hitting record highs in daily active addresses, even as its price struggles. Whale investors are piling in, and updates are strengthening its ecosystem. Here’s what’s next for Cardano price.
Daily active addresses rise despite Cardano’s falling market price
According to data from blockchain analytics firm Santiment, the Cardano network recently surpassed 50,000 daily active addresses, reaching 50,828 earlier this week. The milestone reflects an uptick in activity across the chain, even as ADA’s price fell more than 12% in the past week to trade around $0.99.
Popular cryptocurrency analyst Ali Martinez noted on X that whales continue to accumulate ADA. Over two days last week, major investors added more than 100 million ADA to their holdings.
The Plomin hard fork breathes new life into Cardano, building on Chang’s upgrade in September with a greater focus on governance. ADA holders now have a direct hand in shaping the future of the network, either by voting themselves or delegating DReps, pushing Cardano towards a more decentralized power structure.
But Plomin is not just a comprehensive governance overhaul. It brings new Plutus fundamentals, enhancing smart contract performance and giving developers and Stake Pool operators more to work with.
ADA price forecast holds growth potential
Veteran trader Peter Brandt sees a bullish storm brewing for Cardano, pointing to a year-old double bottom rule as the basis for what he calls a “major bull market.” Analysts like Altcoin Sherpa are on the same page, praising ADA’s flexibility compared to other major cryptocurrencies.
This was made worse by crypto-friendly policies during the Trump administration, giving the broader market a shot in the arm. ADA’s recent jump above $1 indicates strong buying interest, although experts expect a period of consolidation before the next leg higher.
Alternate season????
Don’t doubt it, Cardano $ADAUSD The bottom has been reached for a major bull market
The blue check mark is just so there are no rude trolls pic.twitter.com/Xn33Twot47– Peter Brandt (@PeterLBrandt) January 16, 2025
However, Cardano is not alone in this race. New competitors, such as $SUI, $SOL, and $POL, are lining up to disrupt its momentum.
Cardano price growth 2025 faces opportunities and challenges
Cardano’s increased network activity and recent upgrades have set the stage for a strong entry into 2025.
The whale build-up highlights investors’ steadfast confidence, even as the market is tested by short-term price fluctuations. However, the emergence of competitors like $SUI and $POL suggests that Cardano cannot afford to stand still.
With innovation driving its momentum, the network faces the opportunities and pressures of a rapidly changing cryptocurrency landscape.
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