Cardano News Now – Cardano (ADA) Shows Signs of Recovery Despite Recent Crypto Market Crash
The recent downturn in the cryptocurrency market has heavily impacted Cardano (ADA), with the token plunging to $0.76 on Friday—a pullback of over 40% from its recent highs. However, a recovery appears to be underway, and investors are optimistic about a strong start to 2025.
Cardano’s sharp dip coincided with a significant market sell-off triggered by the Federal Reserve’s hawkish guidance, which suggested only two additional rate cuts for 2025. The resulting bearish sentiment led to the liquidation of ADA futures positions worth nearly $20 million, according to Coinglass.
Despite this, ADA rebounded strongly from intra-day lows of $0.76 to approximately $0.95, reclaiming its 50-day moving average (50DMA). This suggests that Cardano may have already weathered the worst of its recent challenges. ADA’s current formation of a bullish hammer candlestick further supports this notion.
With macroeconomic events easing into the year’s end—no major US economic data or Federal Reserve meetings expected—market attention is shifting back to positive adoption narratives. Cardano has several factors working in its favor that could propel its price past $1 and set a bullish tone for 2025.
Cardano News Now – Why Cardano Could Reclaim $1 and Thrive in 2025
The recent rally in crypto markets e.g. Cardano News Now , fueled by Donald Trump’s election victory, positioned Cardano as a standout performer. The incoming administration is shaping up to be the most pro-crypto in US history, with a crypto-friendly Treasury Secretary, a new Crypto/AI czar, and an industry-supportive SEC chair. Cardano, previously labeled an unregistered security by the SEC in 2023, may now see a more favorable regulatory environment.
Charles Hoskinson, Cardano’s co-founder, might even play a role in advising the new administration. This shift could be transformative for Cardano, which has struggled to match the adoption levels of Ethereum and Solana.
Proponents are encouraging the Cardano Foundation to actively engage with the administration, potentially matching Ripple’s significant inauguration donation, to secure a strategic role in future policy discussions.
Looking ahead, Cardano is doubling down on adoption by positioning itself as the leading blockchain for Bitcoin decentralized finance (DeFi) by mid-2025. This initiative could accelerate its use and adoption, solidifying its position in the market.
Meanwhile, a wave of traders has lined up to short ADA near the $1 mark, as noted by crypto influencer Deezy.eth. This creates the potential for a short squeeze that could drive ADA back to year-high levels of $1.30 or more, should the current momentum continue.
Assuming the new pro-crypto administration and Congress deliver on their promises, 2025 could usher in a new golden age for the crypto market. Under such circumstances, ADA might retest its record highs above $3.
Exploring Alternative Opportunities
While Cardano shows potential for significant gains, investors seeking higher returns might consider exploring the meme coin market. Established coins like Dogecoin, Pepe, and Dogewithhat could offer 5-10x upside potential.
Newer meme coins, though riskier, could yield even larger gains. One promising contender is Catslap (SLAP), a gamified cat token. SLAP has already achieved a market cap exceeding $14 million, according to DEXTools, and is hosting a $1 million giveaway for users who accumulate the highest „slap points.“
As meme season potentially resurges with a recovering market, SLAP could emerge as one of the best-performing meme coins.
In summary, while Cardano holds promise for a strong comeback and long-term growth, the diverse opportunities in the broader crypto market offer investors several paths to substantial gains.
