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In late November, the price of the native Cardano token (ADA) entered a formidable rally that took it above $1.10. However, like the rest of the market, the currency also entered an ebb phase that caused it to decline. For a few days, the currency was below $0.90.
Despite this, the token once again regained energy during the last week. Now, with significant momentum, the currency is very close to $1.20 in a rise that generated greater optimism among investors. Thus, the +253% of the last month is seen as the starting point for greater growth in the short term.
Additionally, the Cardano network is also in a positive moment, with huge amounts of capital inflows. Recently, it was known that network activity totaled 840 thousand transactions, a figure that resembles the levels of March 2022.
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In this way, it can be said that interest in the network and its native token are at a favorable moment. Some experts highlight the fact that a large part of Cardano protocols experience increases of more than 100%.
ADA price continues to show singular strength. Source: CoinMarketCap
Will Cardano (ADA) Price Reach $10?
The optimism for Cardano and its ADA token leads many to think that the coin could reach a price of $10. Is it possible for the token to reach that milestone? This is a difficult question to answer beyond speculation. Although it seems like a distant figure, it is still not clear what the dimensions of the bull-run will be.
Mid-2025 is expected to become the peak of the Cryptocurrency price uptrend. However, few have any idea what the magnitude of the rises could be, both in Bitcoin and the rest of the alternative currencies.
According to the technical analysis of the CoinCodex portal, in the best case scenario, by August 2025, the price of ADA will be $4.75. Meanwhile, only in 2029 would it reach the price of $7 per coin. As you can see, this prediction is notably different from that of coin enthusiasts.
In any case, the token continues as one of the best performers of the current bullish trend. The rise in price has been at dizzying speed, which also becomes a danger sign. The latter has to do with a possible correction that causes a stampede at a certain time.
The fact that cryptocurrencies are low-cap assets should not be overlooked. Thus, accelerated increases are unsustainable in the long term. Although this ADA rally has huge organic content, speculative elements are also abundant. This implies that it is not a completely safe investment.
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