【how to file binance taxes】3 Altcoins to Watch in the First Week of January 2025

As the crypto market enters 2025,how to file binance taxes investors are gearing up to target tokens with promising futures. While many cryptocurrencies undergo significant shifts as 2024 comes to a close, three tokens are emerging as clear standouts.

BeInCrypto has identified and analyzed these three altcoins, highlighting the major developments 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 member meeting scheduled for December 31. This event will address the 2025 budget and other strategic decisions, potentially influencing ADA’s direction for the upcoming year and sparking investor interest in the altcoin’s future.

The timing of the meeting, aligning with the new year, could provide the momentum ADA needs to reclaim $1.00 as support. Currently, Cardano is holding above the critical $0.85 support level, positioning itself for a possible recovery depending on market sentiment and outcomes from the meeting.