Cardano Founder Claims 2025 Will Be Major Year for Cryptocurrencies
Charles Hoskinson, creator of the Cardano blockchain, predicts that 2025 will be a significant year for cryptocurrencies. His comments come as Bitcoin price experienced major fluctuations. Following a bearish start in February, investors rebounded quickly after a market dip.
- The recent downturn involved over $710 billion in losses and liquidated 740,000 traders within 24 hours.
- Hoskinson emphasized this recovery was faster than previous major crashes like FTX or LUNA.
- Market resilience indicates potential for rapid recoveries even from trillion-dollar sell-offs in the future.
The market drop was influenced by a crash related to DeepSeek AI and US tariffs announced by President Trump, causing Bitcoin to fall from $102,000 to $91,000 before recovering to around $98,102.
ADA Price Analysis
- ADA is currently trading at $0.7635, reflecting a 0.25% increase in the last day.
- The altcoin has struggled to maintain above $1, recently dropping 17% within a week.
- To confirm an uptrend, ADA needs to reclaim the $1.10 mark and aim for $1.5.
- The Relative Strength Index (RSI) stands at 31.58, indicating potential oversold conditions.
- The MACD indicator shows bearish trends, with sellers currently dominating the market.
