3 Major Coins To Watch in January: ADA, SOL, LINK

As we kick off January 2025, several altcoins are gaining attention due to key developments and technical breakouts. Here’s a quick look at three promising cryptocurrencies to watch this month.

1. Cardano (ADA)

Cardano is poised for potential growth as its ecosystem expands, focusing on innovation and sustainability. The token price is trending upward, suggesting market sentiment and strategic developments could be crucial in defining its direction for January 2025.

The recently concluded annual member meeting, on Dec. 31, 2024, provided updates on Cardano’s strategic vision and budget for 2025. Investors are particularly optimistic about new partnerships, ecosystem upgrades, and developments that may enhance Cardano’s DeFi and NFT capabilities, potentially boosting ADA’s value.

ADA broke out above its long-lasting descending structure, signaling the onset of a new bull stage. It reached $1 and is currently inside a significant horizontal zone. However, further upside remains highly likely. 

Should the bullish momentum continue, resulting from the fundamental factors, the price of ADA could reach values above $1.40 seen in December, making a higher high. 

2. Solana (SOL)

Solana has exhibited tremendous growth, with a 1,800% increase since 2023, driven by technological advancements and its expanding ecosystem. SOL continues to draw attention as a scalable blockchain solution, and we expect further price appreciation into the new year.

The recent integration of ZK compression on Solana’s layer-1 blockchain sets the stage for transformative scalability. This innovation eliminates reliance on layer-2 solutions, enabling cost-efficient application development and enhanced usability.

Such advancements position Solana as a leader in blockchain performance, likely driving sustained market interest.

SOL recently emerged from a symmetrical triangle that marked consolidation after a corrective stage. It reached a high of $211, on Jan. 3, and is now interacting with the key descending resistance. 

A confirmation of the starting bull phase will be received should the uptrend continue and the price rise above this descending trendline. In that case, we can expect SOL to progress to $240 or reach a new all-time high later in January.

3. Chainlink (LINK)

Chainlink remains a cornerstone of blockchain technology, bridging smart contracts with real-world data. Its upcoming developments have sparked bullish sentiment, with LINK staking playing a pivotal role in its 2025 roadmap.

The anticipated launch of Staking V2 on Jan. 4, 2025, introduces upgraded security and improved rewards mechanisms.

This enhancement is expected to attract greater adoption among institutional and retail investors. The staking mechanism may also create a supply crunch, supporting upward price momentum for LINK.

LINK likely finished its corrective stage, on Jan. 1, at a low of around $20 and started gaining traction. We saw a rise to $23; the first attempt to break above the descending trendline was anchored at a high of $30.

If the breakout gets confirmed, it could mean that LINK is headed to a new high above its previous one and reached values slightly below $40 in January.

About the Author

Nikola Lazic

Nikola Lazic is a cryptocurrency analyst and investor working in the industry since 2017. He holds a bachelor's degree in Sociology, which enables him to better understand the psychology behind the crowd´s positioning. Consequently his preferred analytical tool is Elliott Wave Theory in combination with price action analysis.

Combining his experience in trading and investing with knowledge in content writing he strives to bring the most accurate and actionable information.

Expertise: Cryptocurrencies, Technical analysis, Elliott Wave Theory, On-chain metrics, Research reports.

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