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Charles Hoskinson Says Cardano Is the Top Threat to Bitcoin’s Reign

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  • Charles Hoskinson believes Cardano is the biggest threat to Bitcoin’s dominance.
  • He says Cardano has stayed true to its core principles for over seven years.
  • Cardano uses the Extended UTXO model to support smart contracts with enhanced security.

Charles Hoskinson claims Cardano presents the strongest alternative to Bitcoin as blockchain ecosystems continue evolving in technology and governance. He emphasizes Cardano’s long-standing focus on decentralization, formal methods, and peer-reviewed research over market-driven development. With consistent operational performance and structured upgrades, Cardano positions itself as a viable contender for long-term blockchain leadership.

Cardano’s Technical Framework Outpaces Bitcoin’s Core Capabilities

Cardano has consistently advanced its architecture with structured governance and a formal approach to smart contract integration. It’s Extended UTXO model scales Bitcoin’s native UTXO format and supports complex dApps with more advanced transaction logic. This construction maintains Bitcoin’s security models and introduces more programmability into the chain.

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Plutus, Cardano’s native smart contract language, supports secure development of decentralized applications through formal verification and functional programming. This allows greater confidence when running code and limits the risks of catastrophic failure in production code. Cardano’s development has remained aligned with academic research and long-term design principles.

The blockchain has been integrated with on-chain governance systems that aim to achieve decentralized decision-making at the blockchain protocol layers. Unlike Bitcoin, which relies on informal consensus, Cardano enables direct protocol upgrades based on community input.

Cardano Implements Early Bitcoin Concepts More Fully

Hoskinson states Cardano has delivered on many ideas first proposed by early Bitcoin developers but never implemented in Bitcoin. Concepts like colored coins and off-chain scaling inspired Cardano’s current token standards and Hydra protocol development. These properties are meant to enhance efficiency, scalability, and maintain decentralization.

Its founder observes that Bitcoin has been lacking in the uptake of features that expand its usefulness beyond that of a store of value. Cardano, however, prioritized these features early, leading to a more capable blockchain infrastructure. The platform provides native tokens and multi-asset ledgers without imposing on the base protocol.

He argues that Cardano completes Bitcoin’s technical vision by converting early proposals into real, working solutions. In his view, Cardano offers a broader use case while maintaining energy efficiency and resilience. This makes the platform a leader in smart contracts and an alternative to a monetary system.

Institutional Momentum Remains with Bitcoin, but Long-Term View Favors Cardano

Hoskinson states Cardano has delivered on many ideas first proposed by early Bitcoin developers but never implemented in Bitcoin. Concepts like colored coins and off-chain scaling inspired Cardano’s current token standards and Hydra protocol development. These properties are meant to enhance efficiency, scalability, and maintain decentralization.

Its founder observes that Bitcoin has been lacking in the uptake of features that expand its usefulness beyond that of a store of value. Cardano, however, prioritized these features early, leading to a more capable blockchain infrastructure. The platform provides native tokens and multi-asset ledgers without imposing on the base protocol.

He argues that Cardano completes Bitcoin’s technical vision by converting early proposals into real, working solutions. In his view, Cardano offers a broader use case while maintaining energy efficiency and resilience. This makes the platform a leader in smart contracts and an alternative to a monetary system.

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Massive Win for ADA: Cardano Officially Joins Nasdaq’s Elite Crypto Index

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Key Takeaways

  • Cardano’s ADA joins the Nasdaq Crypto Index alongside Bitcoin and Ethereum.
  • Hashdex ETF to rebalance holdings once SEC rule update is approved.
  • Institutional recognition boosts ADA’s standing in regulated finance.

In a milestone that reflects growing convergence between traditional finance and digital assets, Cardano’s ADA has officially been added to the Nasdaq Crypto Index. The update was shared by TapTools, a leading Cardano analytics platform, and later confirmed by Nasdaq filings.

ADA joins Bitcoin and Ethereum in one of the most closely watched institutional crypto benchmarks, the backbone of the Hashdex Nasdaq Crypto Index ETF. This move expands the index from five to nine digital assets, introducing ADA, Solana (SOL), Ripple (XRP), and Stellar (XLM) to its holdings.

The announcement came through Nasdaq’s Form 8-K filing and indicates a shift in institutional priorities. Beyond market capitalization, the index now considers regulatory readiness, custody solutions, and trading infrastructure.

According to Hashdex’s index methodology, this inclusion is not symbolic, it’s structural. ADA’s presence lowers BTC’s weight from 88% to 78% and ETH’s from 12% to 10%, redistributing exposure to the new entrants.

The rebalance won’t be reflected in the ETF’s actual holdings until the U.S. Securities and Exchange Commission (SEC) approves changes to its underlying rulebook. That deadline is set for early 2026. Until then, the ETF continues to hold only BTC and ETH, despite the index showcasing all nine assets.

Inside the Hashdex Nasdaq Crypto ETF

Co-developed by Nasdaq and Hashdex, the NCIQ ETF is designed for institutional exposure to cryptocurrencies. It initially included Bitcoin, Ethereum, Litecoin, Chainlink, and Uniswap, each selected for their liquidity, exchange support, and custodial frameworks. The ETF is U.S.-listed and rebalances quarterly to remain in sync with the index.

The current limitation to BTC and ETH holdings in the ETF reflects regulatory delays. However, in regions with more flexible oversight, international versions of the fund may already hold the complete index composition, including ADA.

For any asset to be included in the index, it must satisfy specific eligibility standards: consistent trading volume, presence on regulated exchanges, and support from institutional-grade custody platforms.

Strategic Significance for Cardano

Cardano’s inclusion is not about mere approval; it symbolizes progress in ADA’s consolidation within the regulated financial framework. With this listing, ADA secures its spot in institutional dashboards, model portfolios, and risk-managed allocation strategies.

Consequently, the Cardano network benefits from added liquidity, enhanced visibility, and more consistent market support as institutional investors can finally access ADA in a structured manner.

Such a development would indicate an increasing bond between blockchain technology and institutional capital, thus making Cardano not an experimental asset but rather a proven part of the financial infrastructure.

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Cardano Rocked by $600M Smear Claim: Hoskinson Uncovers Key Backer

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  • Charles Hoskinson accused Optim Finance of leading a smear campaign against Cardano.
  • The campaign falsely claimed Hoskinson diverted 318 million ADA during the Allegra hard fork.
  • Hoskinson announced an audit to verify Cardano’s protocol and disprove the $600 million theft allegation.

A fresh wave of controversy has hit the Cardano ecosystem after its founder, Charles Hoskinson, accused Optim Finance of orchestrating a targeted smear campaign. The allegations center on claims that the DeFi protocol falsely spread information about a $600 million misuse of ADA. Cardano now faces intensified scrutiny, with Hoskinson demanding accountability and immediate corrective actions.

Allegation of $600M ADA Theft Sparks Cardano Community Outrage

In response to accusations that he moved 318 million ADA from Cardano’s ICO unclaimed funds during the 2021 Allegra upgrade, Hoskinson replied definitively. Widespread unrest hit the Cardano community when a group affiliated with Optim Finance first began circulating the accusation. To validate the protocol’s financial integrity, Hoskinson ordered an audit and denied the claim.

The alleged misleading information said that some hidden code within Cardano’s protocol would divert ADA funds without user consent. However, the claim caused uproar against Cardano when no evidence was provided. The founder answered the issue directly and committed to transparency by having it verified by a third party.

The narrative started spreading across social media and news platforms, which terrified Cardano supporters. Though growing increasingly in panic, Hoskinson remained firm in his claim that the story was a fabrication pushed by rival interests. The story hurt Cardano’s image and spread false information without any factual support, he added.

Optim Finance Revealed as Smear Campaign Sponsor

Hoskinson responded to accusations that he moved 318 million ADA from Cardano’s ICC unclaimed funds during the 2021 Allegra upgrade. The original allegation was spread around by a group associated with Optim Finance, and the reaction in the Cardano community was widespread unrest. To affirm the protocol’s financial solidity, Hoskinson called for an audit and denied the claim.

That alleged misleading information was that Cardano’s protocol contained some hidden code that would use ADA funds without the user’s consent. The claim caused uproar against Cardano; however, when upset, no evidence was verified. Then, a founder directly answered the issue and committed to transparency by getting it verified by a third party.

Then, the narrative spread through social media and the news, and Cardano supporters were frightened. In the growing crisis, Hoskinson also continued to insist the story was a fabrication floated by rivals. It was the story that tarnished Cardano’s image and spread falsehoods without any factual backing, he added.

Hoskinson Cuts Ties as Optim Finance Token Falls

Following the fallout, Hoskinson distanced himself from Optim Finance and pulled his stake out of the platform. But he urged Cardano participants to follow suit and quit the project. Many of those who held positions exited and voiced support for Cardano’s leadership.

While making his announcement, Hoskinson also announced that Optim Finance would be launched to support key competitors. He also pointed to projects such as Indigo, pledging resources and providing strategic support to boost competition. It was his clear move to reject any further engagement with Optim Finance. The news was not good for Optim Finance’s token; O’s price fell hard after the allegations came to light. Investors reacted accordingly, as the token fell 23.7% in a day, from $0.30 to $0.2203.

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Cardano (ADA) Poised for Breakout as Analyst Eyes 164% Price Surge

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  • Cardano (ADA) surged 15% this week to $0.83, nearing a major breakout point.
  • Analyst targets $2.19 after breakout, projecting a potential 164% gain from current price.
  • ADA/JPY hit $121.5M in daily trades; Google searches reach 2021 highs, ETF odds up 45%.

Cardano’s ADA has jumped nearly 15% in the last week, moving from $0.72 to over $0.83 as of May 23. This increase has drawn attention from analysts and traders who are now weighing the possibility of an even bigger price move. The coin’s recent climb brings it close to a key technical point that could trigger further gains.

An analyst from World of Charts shared that ADA has been stuck in a downward pattern since early 2025, but is now pressing up against the top of that trend. In a previous similar setup, ADA broke out in October 2024 and rallied more than 3x within weeks. 

A breakout from the current structure could catapult ADA to $2.19, marking a projected gain of 164% from the current price level. “Getting ready for another breakout,” the analyst stated in the accompanying post, adding that a “strong bullish rally” is expected “after successful breakout.” 

Cardano
Source: World of Charts

Technical Indicators Point to Upside

On the technical side, indicators are showing support for this optimistic view. The MACD on the weekly chart is on the verge of a bullish crossover, and the 50-week and 200-week moving averages are closing in on a similar pattern. The RSI is also leaning positive at 52, suggesting momentum may be shifting in ADA’s favor.

There’s also notable activity among large investors. On-chain data shows wealthy wallets are increasing their long positions, which implies confidence in the coin’s near-term potential. These moves often hint at further buying pressure building up behind the scenes.

Trading data backs up this mood shift. The ADA/JPY trading pair has seen a surge in activity, rising to second place globally in ADA pair volumes. It brought in $121.5 million in trades over 24 hours, which equals 10.7% of all ADA trading. This figure even overtook ADA/USDT, which posted $114.6 million at 10.1%.

Cardano 1
Source: Coin Bureau

Cardano Google Searches Reach 2021 Highs

Beyond charts and trading action, interest in Cardano is growing elsewhere too. Taptools data shows Google searches for “Cardano ADA” are now at their highest since the 2021 peak. That spike in search traffic suggests more retail attention is coming back to the project.

Institutional interest in cardano appears to be growing. Taptools data shows that the odds of a Cardano spot ETF being approved have risen 45% since the beginning of the year. If such an ETF launches in 2025, ADA could experience a run similar to what Bitcoin saw when its ETF hit the market.

As more investors look for the next big opportunity in crypto, the signs around Cardano are starting to line up. While no breakout is guaranteed, the price action, trading activity, and growing interest suggest ADA may be heading for a strong move.

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Cardano (ADA) Breaks Out: Price Surge to $1.77 Expected

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  • ADA price is currently at $0.7562, up by 7.18% in 24 hours, with a notable increase in trading volume.
  • Analysts predict potential price targets of $1.1378, $1.3609, and $1.7743 for Cardano based on its breakout from a falling wedge pattern.
  • Cardano’s founder, Charles Hoskinson, faces accusations of manipulating ADA reserves, which he has forcefully denied.

Cardano (ADA) is currently trading at $0.7562, with an increase of 7.18% over the last 24 hours. The currency also witnessed high trading volume, which increased by 97.81% to reach $1.4 billion over the past 24 hours. The price of ADA increased by an additional 6.55% over the last seven days, affirming that the market is getting optimistic about the prospects of Cardano.

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Source: Coinmarketcap

This optimistic trend is consistent with analysts’ projections, who have seen a breakout from a falling wedge pattern in the chart of Cardano. This positive technical pattern, which also indicates a reversal trend from down to up, indicates that ADA can achieve spectacular prices in the coming weeks. The initial target is $1.1378, then $1.3609, followed by $1.7743. These targets translate into possible gains of 26%, 51%, and 97%, respectively, above the point of the current breakout.

The price of ADA broke the upper trendline, with increased trading volume backing it, further affirming the power of the rising movement. The presence of the 200-day moving average crossover on the chart also supports the positive trend, while analysts expect that the rally of ADA may continue through mid-May.

AD 4nXfJAKzIT4fQ6WZYRmoejak08Q0j 3UqBI2YWSIciwwdWYwe4UDpYO5fcHjhmSGPwYXInClYhWlI ZdEXmxdoU9cfM1pF 9HNUO gNri18oWCxYD2r9oW3pUr6P4pYE4Qykk8pNf?key=N7 1nLG pEW6RkCL66HOUcYf
Source: X

Cardano Could Reach $1.66 by End of 2025

In the future, analysts predict that the price of Cardano is likely to continue growing, with others forecasting that it will go past the $1.66 value by the year 2025. Generally, in the overall market, ADA is expected to surpass the record high of $3.10, likely reaching figures of $1.47 to $1.66 before heading towards the next resistance areas.

This forecast is consistent with the bullish technical setup, but with the caveat that there is always volatility in the crypto space. The power of large players, or “whales,” cannot be discounted, as whale activity, i.e., accumulating millions of ADA tokens, can have an outsized impact on the direction of the market.

Cardano Founder Accused of Moving 318 Million ADA

Although technically Cardano is in good standing, it is controversial because of the founder, Charles Hoskinson. On May 7, NFT creator Masato Alexander accused Hoskinson of manipulating reserves at ADA during the network’s Allegra hard fork in 2021. According to Alexander, Hoskinson transferred 318 million ADA tokens, approximately $225 million worth, into the reserves of Cardano, and this move happened with little notice from the community.

Hoskinson denies the claims vehemently, terming them “libel and slander,” and threatens legal action against the spreaders. He clarified that the unclaimed token movement was part of the scheduled redemption plan after seven years since the issuance of ADA vouchers. He promised to publish an audited report to rectify the redemption plan and put the claims into perspective.

The debate polarized the community at Cardano, with part of it backing Hoskinson while the rest demanded more transparency. Although Hoskinson claims no money was stolen and everything was done according to procedure, the debate goes on, pointing out the difficulties of decentralized governance and responsibility in the crypto space.

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Cardano ADA Breaks Bullish Flag: Could $1.40 Be the Next Target?

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  • Cardano ADA breaks a major bullish flag pattern, hinting at a potential trend reversal and upward movement.
  • Retesting the breakout zone, ADA aims to confirm its bullish strength by holding above key support levels.
  • Upside targets for ADA are $0.7192, $1.0490, and $1.4022, with $0.3977 as a critical support level for validation.

Cardano (ADA) is making a significant technical move, and this coin is breaking out of a huge bullish flag pattern that has been forming since November 2024. Rose Premium Signals believes that this breakout indicates that ADA could soon witness a major trend reversal and a significant breakout to the upside in the forthcoming weeks.

The breakout is a significant break in the price action, and now ADA is again retesting that breakout zone, which should be acting as the new support level. This retest is important for verifying the underlying breakout strength. If price maintains or closes above this level, the bullish setup will be confirmed, and the price will be able to accelerate higher.

AD 4nXecyYOB 7iS2NuD7mHA48jj2KOD6kVyqDvoqn8viXflAfRQFPtE

Source: X

Cardano (ADA) Bullish Upside Targets

Technical analysis indicates that Cardano has well-defined upside targets. The first target trades at $0.7192, where we should see a strong breakout above recent resistance levels. If ADA further integrates with the positive outlook, the second target at $1.0490 is active, and the higher target at $1.4022 enters. That would be the beginning of a more serious bull move for ADA when the crypto gets closer to its previous peaks.

Traders must nevertheless be careful of an invalidation of this bullish setup, however. Should the price close below $0.3977, it would weaken the existing bullish mood. This kind of price action may be a retracement or perversely a reversal back into a period of consolidation, which undermines the strength of the breakout.

Key Support Level for ADA

The movement of price of Cardano is catching the eye of traders and investors who are keen to see the coin continues to have strength and promise future gains. The emphasis is on ADA’s performance in the next few days as it tries this new support level and whether it can hold above the breakout zone.

The breakout of Cardano ADA from the bullish flag pattern is positive news for the virtual currency. With clear targets on the upside, ADA might be entering a fresh bull run. However the main support area of $0.3977 will be crucial in determining the strength of the breakout. Investors will be paying as close attention as possible to any move of momentum higher or possible invalidation of the bullish setup.

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Cardano (ADA) Price Forms Triangle, Eyes Breakout Above $0.70 Resistance

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  • Cardano forms a symmetrical triangle on 4-hour chart, indicating a likely breakout soon.
  • Break above $0.70 resistance could push ADA toward short-term targets of $0.72–$0.77.
  • Whales accumulated 410 million ADA in April, signaling confidence

Cardano has seen a notable rise of over 40% from early April lows, showing that investor appetite for altcoins is returning. However, as the broader crypto market grapples with macro uncertainty and stays under major resistance points, ADA’s current position appears to be pivotal. The asset is now trapped in a tight range, pointing to a battle between buyers and sellers.

The spotlight is now on a symmetrical triangle forming on the 4-hour chart. “Token Talk,” a trader on X, has drawn attention to this setup. Cardano is currently caught between rising support and falling resistance. This narrowing structure suggests indecision, but history shows that such formations often lead to significant breakouts.

Supporting a bullish case, Token Talk also noted ADA is nearing a major test at the $0.70 resistance level. This zone has blocked past rally attempts, making it a crucial level. A successful breakout may trigger upward movement toward $0.72–$0.74 in the short term.

ADA
Source: Token Talk

Cardano Whale Accumulation Hints at Possible Upside

Further bolstering confidence, April saw significant ADA accumulation. Whale wallets picked up a total of 410 million ADA coins throughout the month. This massive buying suggests confidence from large-scale investors and often precedes major price moves when supply becomes scarce.

Another Analyst, on May 3, Carl Runefelt, also known as Carl Moon, identified the same symmetrical triangle on the 4-hour chart. He projected a bullish target of $0.7730 if Cardano breaks upward. However, a failure at support could push it down to $0.6280.

Analyst Arman Shaban on TradingView, brought a wider view into focus. His 3-day ADA/USDT chart showed a run from $0.33 to near $1.32 before strong sell pressure appeared near what’s called a Bearish Order Block. This reversal set off a correction phase that pulled prices back down.

During that drop, ADA found support at a key Demand Zone around $0.50, which lined up with a Bullish Order Block. The price also filled a nearby Fair Value Gap, giving traders an important point to re-enter the market. Shaban’s view highlights upcoming hurdles and target zones at $0.75, $0.81, $0.93, and $1.05.

ADA 1
Source: TradingView

Indicators Point to Weakening Momentum

As of now, Cardano is trading at $0.659, has slipped beneath the 50-day simple moving average at $0.6704. This move suggests growing weakness as buyers struggle to reclaim momentum.

Technical indicators support this cautious outlook. The Relative Strength Index (RSI) reads at 45.88, placing ADA in a neutral zone without clear bullish or bearish dominance. Meanwhile, the MACD indicator shows a bearish crossover. The MACD line has dropped below the signal line, with decreasing green histogram bars hinting at waning buyer strength.

ADAUSD 2025 05 05 18 55 02
Source: TradingView

Data from ADA derivatives adds to the uncertainty. Open interest fell 6.18% in the past 24 hours, settling at $750.38 million. This decline in open contracts signals reduced speculative activity and less trader commitment to current price levels.

Despite the strong accumulation earlier in April and the formation of a significant triangle pattern, current signals lean bearish. Resistance at $0.70 remains firm, and momentum indicators continue to suggest caution. Whether Cardano manages to break out or fades into further consolidation may depend on how investors and traders respond at this key price inflection.

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Cardano ADA price analysis: will the $0.70 resistance break or fall back?

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  • Cardano (ADA) is consolidating below $0.70 after a recent rally, showing exhaustion.
  • Whales have increased their holdings, buying over 420 million ADA in April.
  • The next key breakout for Cardano could come if it surpasses the $0.74 level, but a fall below $0.66 could reverse bullish momentum.

Cardano (ADA) is experiencing a period of consolidation, currently trading at $0.6923, down 0.37% on the day. Despite this slight dip, ADA has gained 2.05% over the past week, with its 24-hour trading volume at $658.15 million, down 15.88%. The recent price action suggests that Cardano is at a crossroads, showing signs of exhaustion after its recent rally.

AD 4nXdoF jW6uQIB gzknsZvziP7gqHwx212mUK EA38c37SJ7ygWTIg36MiZns0kmyCp8alKHkX7wGv0NL3XZc5dPHQSJqcHw9pfJbBJrz2Bm A7dJpVWAxvUGaTX5dN147VGXA5b0yQ?key=N7 1nLG pEW6RkCL66HOUcYf
Source: Coinmarketcap

Technical indicators show a mixed picture. The relative strength index (RSI) stands at 70.74, indicating that ADA may be overbought and at risk of a pullback.

Additionally, the Bollinger Bands are tightening, signaling that a period of volatility may be on the horizon. ADA is currently trapped in a critical zone between the support level at $0.6923 (S1) and resistance at $0.7041 (R1), with market volume staying healthy at 1.12x the average.

AD 4nXcPAdkUegnjdDXRVR7CAA4lGnF95Lg8xTZPgvc3iuQhlMBZKo7oqkKszaf 8kQelGvNEwv6Ypd5fegBGSTeVABH6dOA4RadclEX10ZAysk716VjxseNCiHM1IhUsynTPZbCHbVc4Q?key=N7 1nLG pEW6RkCL66HOUcYf
Source: X

Whale activity drives ADA’s recent surge

A notable development in ADA’s recent price movements is the surge in whale activity. In April, Cardano whales purchased more than 420 million ADA, worth around $289 million.

These large investors, holding between 10 million and 100 million ADA, now account for a growing portion of the token’s market capitalization. Their total holdings increased from 12.47 billion ADA to 12.89 billion ADA, as reported by Santiment.

Despite these bullish actions from whales, Cardano’s price has struggled to break the critical $0.70 level over the past five weeks. ADA briefly touched $0.74 before dropping back, reinforcing its position in a tight trading range.

Although whale purchases suggest confidence in ADA’s long-term prospects, the token has yet to achieve a decisive breakout.

Cardano price forecast for 2025

Looking ahead, Cardano’s price forecast remains cautiously optimistic. According to predictions, the token could reach a low of $0.672 and a high of $0.806 by 2025, with an average price of around $0.940, offering a potential ROI of 19.7%. For May 2025, experts anticipate a price range between $0.727 and $0.940, with an average price of $0.834, signaling a potential ROI of 39.6%.

But ADA’s near-term fate is whether or not it can overcome the resistance at $0.74. If it can exceed this price level, it can head toward $0.80. But falling below $0.66 can kill optimism and change hopes to bearish expectancies.

To swing traders, the present setup is in favor of swing trades, and the main risk-management points are at $0.6545 support and at the resistance of $0.7041.

Cardano Surpasses Ethereum in Contributions by Developers with More Than 21,000 Code Commits

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  • Cardano has led crypto development over the last year over Ethereum and Internet Computer.
  • Development has continued strong despite a recent drop. This indicates steady progress by the network and its commitment to enhancing its systems.
  • A high volume of commits indicates significant development, establishing credibility among investors regarding ADA’s prospects in the future.

Cryptometheus data shows Cardano (ADA) as the most frequently developed blockchain to be made in the past twelve months. Its 21,439 commits make the network have a working group that is diligent and consistent.

In comparison, Ethereum and Internet Computer followed behind Cardano among major blockchain networks, recording 20,962 and 19,109 commits. Developers make commits to update or change the core code of a blockchain. Most of these updates are submitted through GitHub, a known platform used to collaborate on and build software.

AD 4nXfpj19DwKbl1hAMVZoHLFwY6Fjywwv0 jlKsAjxAI2M3mkDUdInLppnDpPMHncCOVUABabO19ULkDPEzTPfHD5g QGUDnVoyPEJHjyrri5MqAAAOEbMtMuMntOtz

Source: Cryptometheus.com

Analysts believe that the higher the number of commits for a project, the greater the ongoing improvement in it. According to them, it also proves that the project’s team is making efforts towards improvement and it’s dedicated to its growth and innovation.

Based on the development data for each month, there was steady activity throughout the year on Cardano. Developments were especially strong in June and September, with commits rising to about 2,500 in each of those months.

Cardano’s Development Activity Slows This Month

Even though there was a slight drop towards the end of the year, activity levels rose again last month. However, there has been a noticeable drop in development activity this month.

The cause of this drop could be transitions in the focus of the project or seasonal trends. Despite the drop, the overall trend of development for Cardano is still positive.

The frequent updates thus prove that the ecosystem is stable and healthy. This will reassure users and investors who are concerned with the project’s core over anything else.

It is crucial to understand development activity when venturing into the crypto universe. A blockchain project’s worth in the long run depends on its developers’ commitment and expertise more than on fluctuations in its price.

Media outlets like to focus on price, but the real work happens behind the scenes. Development teams build trust among their community by releasing regular updates. These updates either improve how the network works or add new features.

As the blockchain world grows, the Cardano team’s efforts aim to keep the network modern and useful in real-world scenarios. Cardano stands out because it leads in development work, showing that it is one of the most advanced and improved platforms compared to other crypto networks.

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Massive Cardano Bull Run Ahead? New Bitcoin Bridge Could Boost ADA’s Price

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  • Cardano (ADA) shows potential for a major bull run, echoing patterns from its 2020 breakout.
  • Integration of Bitcoin support into ADA’s Lace wallet aims to revolutionize Bitcoin-based DeFi access.
  • ADA’s new Midnight project seeks interoperability with major blockchains to enable private smart contracts.

Cardano (ADA) currently trading at around $0.6946, down by a modest 2.20% in recent hours. This setback notwithstanding, the token has recorded uplifting gains within the past week, up 13.18% by price. Its trading volume, however, is down considerably by 39.36%, standing at $524.27 million over the previous 24 hours.

AD 4nXd4RehQPis4Mt9pS8gULO3HQMfd3GjTjc0MBS3p T1ZTH0yK04jKl4k7nDGiKBMtgsZSLXAFMPeegRMhmXgQ sHEhpTq8g0aSa7hGMoMY5SKgwi67NQ4yPErTUMhOsUFnJkj10QVw?key=O4Lk BKEd16cW0F8hGacZ0fu

Cryptocurrency analyst Mintern noted that Cardano’s current market structure replicates the scenario leading up to its explosive 2020 break. This earlier advance was strongly fueled by a reverse head-and-shoulders formation, a device typically linked with upward bullishness. Mintern’s work hints at the probability that ADA’s strongest bull trend is yet to come, as investors are potentially seeing the first signs of a long-term trend.

Bitcoin Is Coming to Cardano’s Lace Wallet

Cardano’s founder Charles Hoskinson recently revealed significant updates focused on bridging Bitcoin with the Cardano network. Bitcoin support is being directly incorporated into Cardano’s flagship Lace wallet by the team. It will be released soon, and it will allow Bitcoin owners to access DeFi applications directly through ADA without having to convert.

The introduction of support for Bitcoin into the Lace wallet is less of a technical development than a strategic decision to onboard Bitcoin users into the DeFi market. Hoskinson underscored that through the update, users will only need a click to enable Bitcoin-based DeFi functionality. Lace is looking to provide a simple user experience for both new and seasoned investors, reducing DeFi entry barriers as well as expanding investment horizons through portfolio diversification.

Cardano’s Midnight Project Focuses on Privacy and Identity

During a recent interview, Hoskinson also elaborated on Cardano’s ambitious Midnight project, designed to facilitate private smart contracts as well as richer identity capabilities. This project is intended to pave the way for interoperability between leading blockchain networks such as Bitcoin, Ethereum, and Solana.

Midnight’s hybrid decentralized applications (DApps) will be seamlessly integrated without interrupting user experiences across current platforms. Cross-chain interoperation can place ADA as a leading participant in the transforming blockchain environment with privacy-focused offerings as well as mature multi-chain interconnectivity.