Analysts Expect Cardano To Skyrocket 100% By Christmas?


 "Fulamak is not ordinary, can the ADA price go up like that?"

The performance of Cardano (ADA) was impressive as its price managed to witness a continuous upward momentum where the cryptocurrency which reached $0.40 last Thursday has climbed 50% over the past month.

According to well-known crypto analyst Ali, a breakthrough of the important resistance zone of $0.45 in early December could push the price of ADA to continue its rise up to $0.75 by the end of 2024 and then reach $6.50 before the summer of 2025.

Ali previously also believed that the price of ADA will experience a jump to $10 by the second quarter of 2024 following the number of addresses that hold the digital asset is 4.46 million while active addresses and transaction volumes also increase including the total locked value (TVL) which is already over $262.08 million.

Not only that, ADA founder Charles Hoskinson was recently reported to have shed some light on the state of the Voltaire upgrade which marks the culmination of the development direction for the digital asset.

Through the implementation of the new governance model, network users have the ability to leverage their interests and vote including contributing to important choices regarding software updates and others.

Apart from the Voltaire upgrade, the Cardano Lac wallet has also received a warm welcome as it features several multi-tasking capabilities.

As of this writing, the price of ADA has jumped by 1.77% to $0.38 in the last 24 hours with a market capitalization of $13 billion and is up 0.24% over the past week.