The crypto market is showing positive signs right now. The total market is worth $2.6 trillion, up 0.36%. Bitcoin trades just under $83,000, up 2.27%, while Cardano ADA sits at $0.6268, up 1.79%.
Can Cardano (ADA) Really Hit $2 in 2025?
The crypto market is showing positive signs now, with the total market cap reaching $2.6 trillion, increasing by 0.36%. Bitcoin is trading at a value slightly lower than $83,000, showing an increment of 2.27%, while Cardano ADA is up 1.79% and sits at $0.6268.
A video from Kris Does Crypto YouTube channel suggests that we might see a major bull run soon. The creator notes that we are seeing fewer trade wares (except for the US and China).
According to the video, the technical indicators for ADA are presenting an interesting picture. The RSI stands at 48.35, indicating that the market is not cheap or expensive. Meanwhile, the MACD rating of 0.02 suggests that ADA is moving slightly downward, and the ADX value of 11.74 shows a weak trend with no clear direction.
For ADA to reach the $2 price point, it needs to break through several barriers. The 200-day EMA is currently holding it back, and crossing the $1 mark will be a major psychological hurdle. Other resistance points include 0.8713, 0.979, and $1.154.
“I’m no TA expert, I really focus on the fundamentals,” Kris admits. He believes that while charts are helpful, it’s the underlying developments that will drive Cardano’s price movement.
ADA Growth Potential
ADA is positioning itself as a premium blockchain and has room to grow in the wider crypto market. Kris points out that Bitcoin liquidity coming in May will likely help the entire market, including ADA. Several important updates are coming soon to the Cardano system. He also mentions a Ripple stablecoin (RLUSD) that hints at Cardano involvement, with Cardano’s logo appearing in Ripple’s tokenization video.
I do think that both XRP and Cardano ADA are going to be two of the most highest performing altcoins in this crypto market,” says Kris, a view he’s shared for several months.
Regulatory Changes Could Help ADA Price
The rules around cryptocurrencies are changing in ways that could benefit Cardano. The US Department of Justice has reduced its crypto enforcement team. New orders focus only on terrorism and cartel-related crypto activity, moving away from what Kris calls “regulating crypto via prosecutions.”
The SEC has also released new crypto guidance. Commissioners Pierce and Atkins are leading what Kris describes as the “post-Gensler reset.” The new SEC Chair, Paul Atkins, is expected to be less strict, while Pierce leads a team creating crypto rules—changes that Kris sees as “really positive moves out of the US.”
Several countries are trying to lead in blockchain adoption, including the UAE, parts of Europe, and the UK. However, Kris shares his own story criticizing the UK for not taking real action, especially regarding “debanking” crypto investors. He was debanked in the UK despite following all laws and paying his taxes, which made him leave the country.
“You can’t possibly be the market leader if this kind of stuff is happening,” Kris says about the UK’s approach.
Kris ends by praising UAE and US crypto policies, suggesting that “many countries will follow suit,” which could create better conditions for cryptocurrencies like Cardano to grow and potentially reach that $2 price target in 2025.
News data source: kdj.com
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