Cardano

Hydra

Bitcoin

<p>With a market cap of $39.56 billion, Cardano is firmly positioned as the fifth-largest Layer 1 cryptocurrency. Recently, ADA has experienced a remarkable surge, climbing by 211.1% in just 30 days—making it the top performer among the leading Layer 1 coins. But despite this impressive growth, ADA’s price of $1.1117 is still a long way from its all-time high of $3.101.</p><p>So, could <a href="https://coinpedia.org/price-analysis/cardano-price-prediction-for-2024-heres-why-ada-price-is-poised-for-a-40-upswing-in-december/" rel="noopener noreferrer nofollow">Cardano reach as high as $10</a> in this bull cycle? The potential is there, but what factors are truly driving this momentum?</p><p>Let's dive in.</p><h2 class="wp-block-heading" id="h-whale-activity-signals-growing-momentum">Whale Activity Signals Growing Momentum</h2><p>In the last 24 hours, whale transactions in Cardano have hit at least 26.09 billion ADA. Weekly data shows a substantial increase in whale holdings, jumping from 26 billion to 41.83 billion ADA.</p><figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/30175107/Whale-Activity-Signals-Growing-Momentum-1024x351.webp" alt="" class="wp-image-387617"></figure><p>This uptick in whale activity suggests rising liquidity, which could set the stage for further price gains. If these large holders continue accumulating, ADA could see a strong upward push.</p><h2 class="wp-block-heading" id="h-developer-activity-keeps-cardano-competitive">Developer Activity Keeps Cardano Competitive</h2><p>Cardano is widely regarded as one of the most active Layer 1 networks in terms of development. The recent Chang hard fork introduced decentralized governance, while the Hydra Doom testing campaign showcased its ability to scale with community involvement.</p><p>These continuous improvements enhance Cardano’s appeal and maintain user confidence, reinforcing its position as a leading Layer 1 blockchain.</p><p class="has-background"><strong>Wondering where Cardano’s price is headed? Read our long-term <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/" rel="noopener noreferrer nofollow">Cardano price prediction</a> to discover expert insights and stay ahead of the curve!</strong></p><h2 class="wp-block-heading" id="h-bitcoin-correlation-and-why-it-matters">Bitcoin Correlation and Why It Matters</h2><p>Cardano has a correlation coefficient of 0.94 with Bitcoin, meaning its price often mirrors <a href="https://coinpedia.org/price-analysis/bitcoin-is-falling-weak-at-resistance-while-ethereum-eyes-a-10-upswing-to-begin-the-december-trade/" rel="noopener noreferrer nofollow">Bitcoin’s movements</a>. In the past month, Bitcoin has gained 34.2%, hitting a record high of $98,888.09 on November 22. Currently trading at $96,732.87, Bitcoin is just 3.37% away <a href="https://coinpedia.org/news/can-bitcoin-cross-100000-heres-what-robert-kiyosaki-believes/" rel="noopener noreferrer nofollow">from the $100K milestone</a>.</p><figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/30175126/Bitcoin-Correlation-and-Why-It-Matters-1024x576.webp" alt="" class="wp-image-387618"></figure><p>As institutional investors continue to back Bitcoin, many expect it to break $100K soon. This could positively impact Cardano, potentially driving ADA closer to its $10 target.</p><p>Cardano’s price outlook is shaped by several factors: increasing whale activity, ongoing developer upgrades, and its strong link to Bitcoin. If these elements remain aligned, ADA could be well-positioned to approach the $10 mark.</p><p><strong>Cardano’s path to $10 is paved with innovation, liquidity, and a strong market correlation—an exciting future awaits.</strong></p><h2 class="wp-block-heading" id="h-faqs">FAQs</h2><div class="schema-faq wp-block-yoast-faq-block"><div class="schema-faq-section" id="faq-question-1732970027292"><strong class="schema-faq-question"><strong><strong>How high will Cardano go by the end of 2024?</strong></strong></strong><p class="schema-faq-answer">The price of ADA could surge to a maximum of&nbsp;<strong>$1</strong>&nbsp;by the end of 2024.</p></div><div class="schema-faq-section" id="faq-question-1732970051511"><strong class="schema-faq-question"><strong><strong>How high can Cardano go by the end of 2025?</strong></strong></strong><p class="schema-faq-answer">According to our Cardano price prediction, the altcoin’s price could hit a maximum of $2.42 by the end of 2025.&nbsp;&nbsp;</p></div><div class="schema-faq-section" id="faq-question-1732970064391"><strong class="schema-faq-question"><strong><strong>Is Cardano a good investment in 2024, amidst newer higher-performing entrants?</strong></strong></strong><p class="schema-faq-answer">Cardano is an underrated investment and has a high chance of performing in the next couple of years, considering the plethora of applications.</p></div></div>

Cardano Price Prediction: Is $10 Realistic for ADA in the Next Bull Run?

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