#CardanoDebate
Cardano (ADA) has shown positive performance, rising by 6.50% in the last 24 hours. Here are some key points about the currency's performance ¹ ²:
- *Current Price:* $0.6397
- *Market Cap:* $22.61 billion
- *Trading Volume:* $1.15 billion
- *Circulating Supply:* 35.34 billion ADA
## Price Analysis
Analysts believe that positive announcements can lead to bullish trends for ADA. However, the support barrier at $0.85 remains important for Cardano's price trajectory. If selling pressure continues, ADA's price may drop to $0.77 or even $0.68 ³.
## Future of ADA
Some forecasts indicate that Cardano may see a price increase in the first half of 2025, especially with whales accumulating large amounts of ADA. The Cardano platform has also evolved into a profitable environment for activities on Web 3, with over $545 million in total value locked ³.$ADA