With Bitcoin falling below the $100,000 mark and Cardano down 10% to trade around $0.80, the market may seem bleak.
However, despite Cardano experiencing an 18% drop over the last seven days, the analyst behind the YouTube channel Kris Does Crypto views this as a prime opportunity to buy the dip. He also provided reasons for his bullish take on ADA for 2025.
Crypto Crash Causes, Cardano Resilience, and Upcoming Catalysts
The recent market downturn came after Donald Trump’s election, with his inauguration speech lacking the crypto-friendly policies some had hoped for. Yet, this isn’t a Cardano-specific issue but a market-wide reaction. Cardano doesn’t suffer from intrinsic problems; rather, it’s poised for growth with several positive developments in the pipeline.
Doge Agency Proposal: Cardano’s founder has made a significant move by proposing to offer free blockchain support to Doge Agency. If this proposal sees the light of day, it could be a game-changer, positioning Cardano favorably in the eyes of the crypto community and potentially driving its value up.
ETF Potential: There’s excitement around Cardano possibly being included in upcoming cryptocurrency ETFs, alongside other heavyweights like Solana, XRP, and Chainlink. Such financial products could herald a new wave of institutional money into Cardano, providing a substantial boost to its price and adoption.
READ ALSO: RENDER Price Update for 2025: Crypto Analyst Predicts Major Bull Run by February
ADA Price Prediction
Looking ahead, I predict ADA price could hit the $5–$7 range at the peak of the next bull market. With the total global crypto market cap potentially reaching the $10 trillion mark during this cycle, Cardano’s growth seems not just plausible but likely.
Despite the current condition of the market, Kris views this downturn as a minor hiccup on the road to significant gains for Cardano. He advises investors to stay patient and keep an eye on the long-term horizon. February could bring less volatility, and with it, a clearer path forward for Cardano.
