3 Altcoins to Watch in the First Week of January 2025
As the cryptocurrency market heads into 2025, investors are preparing to target promising coins futures. As 2024 draws to a close, many cryptocurrencies have undergone significant changes, but three coins are standing out.
BeInCrypto has identified and analyzed these three altcoins, highlighting the major developments expected to shape their trajectories in the coming days, making them key currencies to watch.
Cardano (ADA)
cardano face It’s a critical week, with the annual membership meeting scheduled for December 31st. The event will discuss the 2025 budget and other strategic decisions that may impact ADA’s direction for the coming year and spark investor interest in the altcoin’s future.
The timing of the meeting to coincide with the new year could provide the momentum needed for ADA to reclaim $1.00 as support. Currently, Cardano remains above the key support level of $0.85, positioning itself for a possible recovery based on market sentiment and the outcome of the conference.
However, if the retracement persists and There is a loss If the $0.85 support is broken, the altcoin could drop to $0.77 or lower. Such a decline would invalidate the bullish outlook and indicate greater challenges for Cardano price recovery.
Celestia (TIA)
Celestia is one of the major 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 time by 50% from 12 seconds to just 6 seconds, marking an important milestone in its network’s development.
The Ginger upgrade is expected to impact TIA’s price, especially after the altcoin fell 44% during the crash in early December. TIA is currently trading at $4.82, with its performance dependent on whether the market views the upgrade as a recovery or further catalyst volatility.
If the decline continues, TIA price may fall below the $4.52 support and potentially reach $3.88. Conversely, reclaiming $4.96 as support could signal a bullish trend, pushing the altcoin towards $6.03 and invalidating the bearish outlook.
TRON (TRX)
TRON price It is currently trading at $0.25 and is struggling to break the $0.26 resistance level. The Tron network will undergo a critical upgrade as it integrates Chainlink’s data sources, establishing chain link as its official Oracle solution, a move expected to enhance network functionality.
The shift will move $6.5 billion in total value locked (TVL) from WINkLink to Chainlink, potentially pushing the price of Tron higher. The current goal is TRX A break above $0.30 and turning it into a support level could inspire renewed investor confidence and upward momentum.
However, failure to move above $0.26 could result in create fall to $0.22, the bullish outlook is invalidated. Such a decline would amplify losses and dampen enthusiasm surrounding the upcoming upgrade.
Disclaimer
conform to trust project Guide, 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 conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions, privacy policyand Disclaimer Updated.
