The Cardano token (ADA) has shown impressive performance in recent weeks, driven by whale activity and growing interest in its decentralized finance ecosystem.
Currently, the price of ADA is at $0.83, the highest level since the beginning of 2022, after a 37% advance in the last 7 days, according to data from CoinMarketCap.
In the last 24 hours, the token has recorded a positive return of 13%, reinforcing the bullish outlook around its price. A key factor behind this rally is the resurgence in whale activity, whose operations have increased 145% in the last month, according to data from IntoTheBlock.
This behavior coincides with an increase in activity within Cardano’s DeFi ecosystem, which could lead to increased demand for the token and potentially a value of $1 in the short term.
ADA price performance over the last week. Source: CoinMarketCap
What is driving Cardano price and what to expect in the future?
ADA’s recent performance is supported by widespread optimism in the Cryptocurrency market. Currently, the total value locked (TVL) on the Cardano network is approaching $500 million, and this number is expected to grow in 2025, driven by potential regulatory advancements and increased institutional interest.
An increase in TVL could translate into greater organic demand for ADA, which would strengthen its price. Some analysts suggest that this rally could take the token to levels as high as $6 in 2025, although this will depend on factors such as the development of its DeFi ecosystem and the global regulatory landscape.
In the current context, the market continues to show solid optimism towards Cardano, especially after months of limited movements. This raises the question of whether now is a good time to invest in ADA. The answer will depend on how the aforementioned factors evolve and the network’s ability to sustain this momentum.
Disclaimer: This work is for informational purposes only and should under no circumstances be taken as an invitation or investment advice. Cryptocurrencies are highly volatile assets and placing capital in them can lead to total losses.
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