As the crypto market enters 2025, investors are gearing up to target tokens with a promising future. As many cryptocurrencies undergo significant changes in late 2024, three tokens clearly stand out.
BeInCrypto has identified and analyzed these three altcoins, highlighting major developments that are expected to shape their trajectory in the coming days, making them key coins to watch.
Cardano (ADA)
Cardano faces a pivotal week with the annual membership meeting scheduled for December 31. This event will discuss the 2025 budget and other strategic decisions, potentially influencing the direction of ADA for the coming year and sparking investor interest in the future of the altcoin.
The timing of the meeting, aligned with the new year, could provide the momentum ADA needs to reclaim $1.00 in support. Currently, Cardano is holding above the critical support level of $0.85, positioning itself for a possible recovery depending on market sentiment and the results of the meeting.
However, if the decline persists and ADA loses the $0.85 support, the altcoin could fall to $0.77 or lower. Such a drop would invalidate the bullish outlook, signaling prolonged challenges to Cardano’s price recovery.
Celestia (TIA)
Celestia is one of the top altcoins to watch this week as it prepares for the Ginger upgrade. This critical update will double Celestia’s data availability throughput while reducing block times by 50%, from 12 seconds to just 6 seconds, marking a significant milestone in the development of its network.
The Ginger upgrade is expected to influence TIA’s price, especially after the altcoin fell 44% during the early December crash. Currently trading at $4.82, TIA’s performance depends on whether the market perceives the rise as a catalyst for recovery or increased volatility.
If the decline continues, TIA price could fall below the $4.52 support level, potentially reaching $3.88. Conversely, reclaiming $4.96 as support could signal an uptrend, pushing the altcoin to $6.03 and invalidating the bearish outlook.
Tron (TRX)
Tron price is trading at $0.25, struggling to breach the $0.26 resistance barrier. The Tron network is set to undergo a crucial upgrade as it integrates Chainlink data feeds, making Chainlink its official Oracle solution, a move that is expected to improve the network’s functionality.
This transition will move $6.5 billion in total value locked (TVL) from WINkLink to Chainlink, potentially increasing the price of Tron. TRX’s current target is to break above $0.30 and turn it into support, which could spark renewed investor confidence and upward momentum.
However, if the price does not rise above $0.26, Tron could drop to $0.22, thus invalidating the bullish outlook. Such a drop would prolong losses and dampen enthusiasm for the next upgrade.
Disclaimer
In accordance with Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to providing accurate and unbiased reporting, but market conditions are subject to change without notice. Always do your own research and consult a professional before making any financial decision. Please note that our Terms and Conditions, Privacy Policy and Disclaimer have been updated.
