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Cardano’s Charles Hoskinson Predicts Ethereum Collapse Within 15 Years

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  • Charles Hoskinson believes Ethereum may not survive beyond the next 10 to 15 years.
  • He criticized Ethereum’s Proof-of-Stake model as unsustainable for long-term growth.
  • Hoskinson argued that Ethereum’s layer 2 networks harm rather than help the mainnet.

Cardano founder Charles Hoskinson has projected a grim future for Ethereum, questioning the network’s survival beyond 10 to 15 years. He highlighted several critical flaws that could hinder Ethereum’s ability to adapt and evolve in the rapidly advancing blockchain space. During a recent AMA session, he addressed major concerns that, in his view, threaten Ethereum’s relevance and growth.

Ethereum’s Structural Challenges Raise Concerns

Charles Hoskinson criticized Ethereum’s foundation, arguing that its consensus protocol is flawed and not sustainable over the long term. Hoskinson stated that the Proof-of-Stake system in its current state does not work well for sustained scalability and stable network performance. According to him, the current architecture makes it difficult for Ethereum to develop further without adding extra layers of complexity.

Hoskinson focused on the dimensions of Ethereum’s development, which relies on outside solutions to enhance scalability, specifically implementing layer 2 networks. According to him, these solutions operate independently of the Ethereum mainnet instead of acting as linked components. System fragmentation has made management a challenging task, according to his warning.

Additionally, Hoskinson criticized Ethereum’s governance model, noting that decisions are made off-chain in informal environments. According to Hoskinson, this weakness impacts the network’s decision-making power and slows down the consensus-building process. He presented an alternative on-chain governance model to establish transparency and accountability for the ecosystem.

Cardano’s Model as a Direct Counterpoint

Hoskinson pointed to Cardano’s development model as a better alternative to Ethereum’s current path. According to him, Cardano implements an enhanced consensus method that guarantees durability and reduces power usage throughout operations. The model enables continuous hardware and performance improvement through its features.

Cardano implements governance through an automated system that engages all community members in making important network choices. He asserted that this method would improve developer participation and minimize stakeholder conflicts. This system enables the network to advance steadily while keeping its development focused in the right direction.

During the interview, he explained that Cardano uses sidechains like Midnight to support the network instead of creating competitive features. Engineers have created chains for unique purposes, bringing advantages to the entire ecosystem. According to Hoskinson, this contrasts sharply with Ethereum’s more parasitic layer 2s.

Charles Hoskinson Sees Ethereum Losing to Rivals

Charles Hoskinson noted that other platforms, including Sui and Solana, continue to innovate and attract attention from developers and users. These alternative ecosystems present different answers that compete against Ethereum networks, which have traditionally ruled smart contracts. The platforms emphasize quick execution time, superior efficiency, and governance features representing Ethereum’s alleged weaknesses.

He anticipates Bitcoin will gain DeFi features to attract users who will leave Ethereum in the process. New solutions emerging in the market may hasten Ethereum’s downfall because they offer stronger appeal to developers and investors. Developing new blockchain innovations will remove funds and attention from the Ethereum projects.

Is Cardano Headed for a 1000% Rally? Bullish Setup Explained

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  • Cardano could climb over 1,071% to $7.09, based on historic trendline behavior.
  • Currently trading at $0.6420, ADA is 80% below its all-time high of $3.160.
  • Weekly MACD and Ichimoku signals suggest bullish momentum is building for a major rally.

Cardano’s latest predictions suggest a dramatic price rise that could propel the ADA token by over 1,000%. The asset, currently trading at $0.6412 with an intraday gain of 2.72%, could be gearing up for a historic rally. However, it remains 52% below last year’s peak of $1.327 and 80% below its all-time high of $3.160.

ADAUSD 2025 04 22 16 20 41
Source: TradingView

Cardano Could See 10x Rise

An April 21 post on X by crypto analyst Jad Mubaslat, known by his handle Deezy, brought fresh energy to the conversation. In his update, he encouraged ADA investors to stay patient. He believes the coin is gearing up for a nearly tenfold price increase. His projections are not random — they follow a pattern seen in previous cycles where Cardano peaked along a steadily rising trendline.

The same trendline supported the asset’s surge during the January 2018 bull run, when ADA hit $1.31. Again in August 2021, the trendline marked the path to the all-time high of $3.10. If history repeats, as Mubaslat believes it will, then ADA may soon retest this trendline, suggesting a significant rally is coming.

Cardano 1
Source: Jad Mubaslat

Mubaslat’s chart analysis indicates a potential rise of 1,071%, which would bring ADA’s value to an eye-watering $7.09. This vision is not his alone. Analyst Tim Warren has echoed the same target, pointing to specific indicators that could support such a move. These signs, from historical behavior to market sentiment, paint a picture of a token with significant growth potential.

Bullish Signals from Key Indicators

Mr. Brownstone, another seasoned analyst, highlighted ADA’s current price hovering above the weekly Ichimoku Cloud—specifically around $0.545. This technical area often acts as a foundation in uptrends. Holding this zone suggests that bullish momentum remains intact.

The Moving Average Convergence Divergence, or MACD, is also signaling strength. Cardano’s weekly MACD histogram is shifting into positive territory, with the MACD line nearing a bullish crossover above the signal line. This pattern is frequently a precursor to large upward moves. Momentum is shifting in a direction that historically supports higher prices.

Another signal comes from the Ichimoku Cloud system, which shows what’s known as a “green twist.” This occurs when the green line, or Senkou Span A, rises above the red line, Senkou Span B. The current values—0.8336 and 0.8023 respectively—put the green line in the lead. This twist, when it appears above the cloud, typically confirms a strong trend continuation.

ADA 1
Source: Mr Brownstone

According to analyst, current market conditions could signal the beginning of a substantial rally. He expressed strong conviction, stating, “

Could this be the start of a major run? Absolutely yes!” 

With ADA aligning along a long-standing trendline and multiple indicators flashing green, believers in the project are starting to look ahead with optimism. While past performance never guarantees future results, the convergence of technical signals and historical price behavior might mean Cardano is gearing up for something big.

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180 Million ADA Sold in 5 Days—Are Whales Losing Faith in Cardano?

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  • Retail investors are excited about ADA’s recovery; however, whales are taking advantage of it, having sold off 180 million tokens over five days to take profits.
  • Cardano’s price rebounded from early-week lows, reaching above $0.63 after a bounce off strong support at $0.594.
  • The coin is bullish if it stays above $0.60, but a fall below $0.50 indicates a deeper downtrend.

Recently, a pool of large Cardano holders (whales) sold about 180 million ADA tokens in just 5 days, as a slight upswing in the price of ADA took place. This was noted by crypto analyst Ali (@ali_charts), who believes that the selloff was simply due to the whales taking profit.

AD 4nXdGhqh0c3sSFxXJDn1rmxpRiOz1KGcZ 3gY3GOM2sgH86pv1A1JUpQZNNN5F7Hf08k28qOYd5c5zu38WNh5hVfkKqIkP5Cs9bRWaXVcwQdm2g7 pasCOwZpNBn

As shown in the chart he posted, there was a small upward price movement during the week, along with a decline in whale holdings. At press time, ADA’s price has increased by 1.6% in the last 24 hours, trading at $0.627. 

The recovery has been slight, but it nearly erased the losses Cardano‘s native token recorded over the previous week. Before ADA began to recover, it faced selling pressure at the start of the week because of wider economic concerns in the global economy. 

Therefore, the price collapsed for three consecutive days. However, buyers stepped in at the $0.594 mark, a level of solid support, coinciding with a rise in ADA’s price.

Cardano Holds Firm at $0.60 Amid Whale Sell-Off

Still, opportunities to buy ADA remain as long as the price is staying above the $0.60 mark. This means buyers are defending this level and not allowing the price to fall further. 

An additional buying pressure could bring the coin’s price above $0.63. The next target for ADA’s price is the one corresponding to the 50-day Simple Moving Average, which is currently around $0.70. 

If ADA can break above this level, it could continue its rise towards $0.83. However, should ADA break the support level below $0.59, the price may decline to the next support level at $0.50. 

If $0.50 is breached towards the downside, it would indicate that the recent upward momentum is ending and further decline is likely. If that is the case, the next level where ADA could find some support could be around $0.40.

Cardano Dominates DeFi? ChatGPT Sees ADA at $20 If Bitcoin Joins In

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  • If Cardano emerges as Bitcoin’s primary DeFi layer by 2030, its market capitalization could potentially reach $1 trillion.
  • With an estimated circulating supply of 50 billion ADA, the token’s price could rise to the $10–$20 range.
  • Cardano could rival Ethereum in TVL, emerge as a frontrunner in smart contracts, and deliver a superior DeFi user experience.

A bold prediction lit up the Cardano community this week, as hopes surfaced for a dramatic price surge. On April 17, Altcoin Oracle, a delegated representative (DRep) in Cardano’s new governance system, shared a forecast that quickly gained traction. He projected ADA could soar to $20, marking a potential gain of over 3,144% from its current level.

The forecast followed an analysis Altcoin Oracle conducted using ChatGPT, exploring ADA’s potential if it becomes the leading network for Bitcoin-based DeFi. The idea builds on a growing connection between Cardano and Bitcoin that started gaining momentum last year.

In 2024, EMURGO, the team behind Cardano, collaborated with BitcoinOS to bring DeFi tools to Bitcoin using its smart contract features. Cardano’s founder, Charles Hoskinson, called this initiative as the top priority for the year. The objective is to unlock Bitcoin’s $1.6 trillion in liquidity and integrate it into the ecosystem.

Cardano (ADA) Could Soar With Adoption

If this vision materializes, Bitcoin holders could gain access to lending, borrowing, and yield-earning platforms powered by Cardano’s infrastructure. Altcoin Oracle’s post wasn’t only focused on technology, it also addressed ADA’s long-term price potential. He asked ChatGPT to calculate ADA’s future value if Cardano dominates Bitcoin-based DeFi by 2030.

ChatGPT projected ADA’s market cap could rise between $500 billion and $1 trillion, driven by increasing institutional interest in DeFi. Such inflows could push ADA’s price to between $10 and $20, depending on the circulating supply.

If the supply stays fixed at 35.28 billion ADA, the price could go even higher—ranging from $14 to $28. That would mark a massive gain for anyone holding ADA today.

Cardano
Source: Altcoin Oracle

From “Ghost Chain” to Ethereum’s Rival?

Additionally, critics often called Cardano a “ghost chain,” pointing to the lack of developers building on the network. But the vision shared in this prediction turns that around completely. 

If DeFi on Bitcoin takes off through Cardano, it could stand toe-to-toe with Ethereum. ChatGPT even forecasted that ADA could rival Ethereum in both the number of apps built and the total value locked in those apps.

As of now, ADA trades at $0.6166, down slightly by 0.50% in the last 24 hours. Signs of whale accumulation are starting to appear, and the market seems to be consolidating between $0.51 and $0.77, possibly preparing for its next significant move.

ADAUSD 2025 04 18 18 30 33
Source: Trading View

ADA faces resistance at $0.6890 and $0.7154, based on its 50- and 200-day moving averages. TThe 50-day moving average acts as a immediate resistance, but momentum indicators suggest ADA may be oversold, potentially triggering a short-term bounce.

Related Readings | Ethereum Faces Extreme Fear: Is Now the Time to Invest for Massive Gains?

Is $0.95 the Next Target? Analysts Split as Cardano (ADA) Tests Key Support

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  • Cardano (ADA) is trading at $0.6429, down 1.88% in 24 hours despite a 16.30% weekly gain.
  • Analysts are split on ADA’s next move, forecasting a bounce to $0.95 or a slide to $0.43.
  • Charles Hoskinson declares Cardano fully decentralized as he temporarily steps back.

Cardano (ADA) is displaying signs of volatility, currently trading at $0.6429 with a 1.88% fall over the past 24 hours. Trading volume declined by 7.04% to $694.4 million, though ADA is up 16.30% over the past week. These changes take place amid growing speculation on the short-term direction for the asset.

AD 4nXcCuN7YQoCjVL9wjD Vb3ctxuU9 18HBpxtZijkbkubZW7I4vZX1fw4tOE1VBFO2fqS4AvpbKtjcvYbJdsjgxXe0YY434NF7Bk
Source: CoinMarketcap

ADA Tests Key $0.75 Support Level

Technical analysis presented varying predictions with a focus on a critical technical point around $0.75, with ADA supposedly testing the 61.8% Fibonacci retracement. However, a breakdown in support could lead to a fall to $0.43, with another pointing to $0.95 as the resistance point to watch, pending a bullish breakout.

AD 4nXdsPWSse8IhjwjnIjIF zXWmcM81nqIwwoE5S8kH81Y fEbg1e7yMKj1nQWSy68V0E9hBipZ7kf ovG4c0mC0hfYHn287AIUUWJ5HN7wWsLsGk3uEzV1QWwqtgK07V20L10RR6O g?key=TUf8YGXfgjqQnMkkV6Ezlapy

Further analysis shows that ADA bottomed on the weekly chart, with a target that ADA will retest at $0.80 in the next fortnight. However, the upbeat sentiment in the market and possible good news on tariffs could propel ADA to continue rallying.

Cardano’s Future After Hoskinson’s Expedition

In a livestream named “See you on the other side”, Charles Hoskinson, founder of Cardano, made an announcement that grabbed headlines by stating that the network is now fully decentralized under Voltaire governance.

YouTube video

Hoskinson announced that decision-making authority is now vested in the Cardano community, ushering in a new era for the blockchain.

He gave examples like the ratified constitution, a fresh roadmap, and over a thousand registered Delegated Representative Entities (DREs). There exists a transitional committee, with elections slated later this year.

A personal break was also announced by Hoskinson, suggesting a perilous journey. “There is a potential for death,” he explained, characterizing the journey as a personal test after a decade of focusing on blockchain development. He reassured the community of his probable return and positioned the undertaking as a mind reset prior to Cardano’s next phase.

Cardano 2025 Price Forecast

Market predictions for Cardano are cautiously optimistic. Changelly’s predictions for April 2025 state that ADA’s price could be between $0.576 and $0.665, with an average of $0.621 and an expected ROI of 3.3%. Long-term, all-year predictions point to between $0.711 and $0.722, with an average of $0.732 and an expected ROI of 12.1%.

Despite market volatility and leadership changes, ADA’s future rests on community strength and ongoing ecosystem growth. Cardano was slightly weaker at press time, trading at $0.6452.

Ripple’s New RWA Video With Cardano Logo Suggests Alliance May Be Brewing

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  • Ripple’s video sparked collaboration rumors with Cardano by prominently displaying the ADA logo.
  • Ripple projects tokenized assets could hit $18.9 trillion by 2033, growing at a 53% CAGR.
  • Trader Merlijin and analyst George Tung believe a Ripple–Cardano partnership may be imminent.

Ripple has drawn widespread attention across the crypto community after releasing a video that began with the Cardano logo. For followers of both XRP and ADA, this moment raised questions and renewed discussions about a potential collaboration between the two blockchain networks.

Although Ripple and Cardano have hinted at a partnership in the past, nothing official has emerged. That changed with Ripple’s new short video, which focused on the growing sector of real-world asset (RWA) tokenization. The content centered on how tokenizing physical assets is gaining traction within the financial world, and how this shift could significantly reduce costs and improve transaction speeds.

According to Ripple, tokenization can reduce bond issuance expenses by 60% and cut settlement times from days to just seconds. The company also noted the long-term potential of this trend, estimating that tokenized assets could surpass $18.9 trillion by 2033.

Cardano Logo Ignites Speculation

However, what caught most viewers’ attention was not just the statistics. It was the inclusion of Cardano’s logo at the very beginning of the video. This small but deliberate visual prompted immediate reactions from both XRP and ADA supporters, who interpreted it as a potential signal of a deeper relationship forming between the two platforms.

A well-known trader, Merlijin, directly addressed the video on X, asking, “Why is Ripple showing the Cardano – $ADA logo in their latest video? Coincidence? Or are they hinting at something big?” He further added that, “In crypto, nothing is ever random.” His remarks reflected a larger sentiment that Ripple may be hinting at an upcoming joint effort.

George Tung, a founder of CryptoRus, echoed these thoughts in a podcast shared by Cardano advocate Angry Crypto. Tung stated that “something is brewing” and suggested the collaboration might be announced in the coming weeks, possibly in April or May. As of now, however, neither Ripple nor Cardano has officially commented on the speculation.

Ripple Signals Massive Growth in Tokenization

In addition, according to the new report from Ripple and the Boston Consulting Group, the current market for tokenized real-world assets is valued at $0.6 trillion but could grow to $18.9 trillion by 2033, with $9.4 trillion forecasted by 2030. This growth reflects a compound annual rate of 53 percent.

Tokenization is transforming financial assets into programmable, interoperable tools recorded on shared digital ledgers. This enables 24/7 transactions, fractional ownership, and automated compliance,” stated Tibor Merey, Managing Director and Partner at BCG.

The report outlines a three-phase roadmap, from early low-risk adoption to broad integration into both financial and non-financial products. Several factors are expected to drive this transformation. Regulatory clarity is already developing in regions such as the European Union, United Arab Emirates, and Switzerland, with the United States anticipated to follow.

In addition, the underlying technology has matured, with strong wallet and custody solutions now available. Strategic investments by banks and acquisitions within fintech are also accelerating adoption.

Related Readings | XRP Could See 1000%-2700% Surge as History Shows Resilience After Market Crashes

Cardano Struggles as Whales Dump 120M ADA, Will It Rebound Past $0.70?

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  • Cardano dropped from $0.70 to $0.61, now recovering at $0.6607 with a 1.45% gain.
  • Whales sold 120 million ADA in 48 hours, reducing holdings from 5.84B to 5.71B.
  • Resistance at $0.72 includes golden pocket and Fair Value Gap, possibly triggering high volatility.

Cardano (ADA) has been caught in a storm of price swings over the past week, moving in tandem with broader market trends. Starting at $0.70 on March 29, the price tumbled to $0.61 by April 3 before staging a minor recovery to $0.66. At the time of writing, ADA trades at $0.6607, marking a modest 1.45% gain in the last 24 hours but a sharp 5.92% drop over the past seven days.

A key factor behind ADA’s decline appears to be aggressive sell-offs by major holders. Data from market analyst Ali Martinez revealed that whales—investors holding between 1 million and 10 million ADA—offloaded around 120 million ADA in just 48 hours. Their collective holdings shrank from 5.84 billion to 5.71 billion ADA, intensifying the downward pressure on the cryptocurrency’s price.

ADA
Source: Ali_Charts

Further insights from IntoTheBlock highlighted shifting ownership trends. While long-term investors (Hodlers) saw a 0.22% decline, mid-term investors (Cruisers) increased by 6.77%, and short-term traders dropped by 16.36%. Whale concentration also decreased by 1.68%, with their share of ADA supply at 8.48%, while retail investors now hold 71.17%.

Can Cardano Break Past Resistance?

Despite the turbulence, analysts remain optimistic about Cardano’s future trajectory. Technical analysis on the 4-hour candlestick timeframe suggests that ADA has managed to break out of a descending channel that had kept it in a corrective phase for several days. This development could play a pivotal role in shaping ADA’s performance throughout April. If the momentum holds, traders might start positioning for a move past the $0.70 mark.

However, the $0.72 region presents a strong resistance zone, combining two crucial technical elements: the golden pocket and a Fair Value Gap (FVG). The golden pocket, situated between the 0.618 and 0.65 Fibonacci retracement levels, often acts as a tough barrier for prices attempting an uptrend. Crypto analyst TehThomas has pinpointed this zone as a key challenge for ADA.

ada
Source: Trading View

The Fair Value Gap, created by a rapid price drop in March, also looms in this region. Price action often gravitates toward such imbalances before resuming its broader trend. If ADA approaches this level, heightened volatility is likely. A decisive break above could open the door to further gains beyond $0.70, while rejection might force a pullback before another upward push.

Bullish Calls on Cardano’s Long-Term Future

While short-term price action remains uncertain, some analysts are making bold predictions for Cardano’s long-term prospects. Millionaire investor Alex Becker, once a skeptic of ADA, has now placed it among his top picks for explosive growth. In a recent YouTube discussion, he listed Cardano as one of eight cryptocurrencies he expects to see a 15x surge by 2026.

Becker pointed to ADA’s “fast as hell” network and its position as one of the most decentralized blockchains, second only to Ethereum, as key factors behind his bullish outlook. He went further, forecasting that Cardano could climb to between $3 and $5, far surpassing its current levels.

For now, Cardano finds itself at a crossroads. If whales continue offloading their holdings, short-term struggles may persist. However, if bullish momentum builds and critical resistance levels fall, the asset might regain its footing and set the stage for a much stronger rally.

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Charles Hoskinson Dismisses Accusations of Cardano’s Centralization

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  • Charles Hoskinson dismissed claims that Cardano is controlled by three entities.
  • Critics argued that the Cardano Foundation, IOG, and Emurgo control the blockchain.
  • Hoskinson stated that misinformation about Cardano will continue for years.

Charles Hoskinson has dismissed claims that Cardano is heavily centralized and controlled by a few entities. Critics recently argued that Cardano is under the control of the Cardano Foundation, Input Output Global (IOG), and Emurgo. Hoskinson stated that misinformation about Cardano will persist for years, despite efforts to correct it.

Cardano Founder Rejects Decentralization Criticism

Cadano faced criticism for its decentralized structure problems which resulted in many doubting its superiority against Bitcoin. The system operates independently yet Cardano submits to oversight from three specified organizational bodies. Hoskinson disputed these false allegations while showing his irritation toward ongoing true or false statements about his project.

According to him fixing false statements needs an extended period and substantial monetary investment. The speed of misinformation spread along with its length in years needed to counteract it poses significant ongoing problems for the Cardano project according to Hoskinson. The blockchain community will keep discussing Cardano’s decentralization even though Hoskinson expects these issues to persist.

In his position Hoskinson maintained his position that Cardano functions as a decentralized blockchain network. Hoskinson noted that skeptics have launched the same diagnosis against Cardano throughout numerous previous seasons. The same explanations do not stop incorrect information from recurring in his opinion.

Hoskinson Says Misinformation About Cardano Persists

Hoskinson believes critics will maintain their opposition against Cardano’s decentralization up until the year 2030. False information about blockchain systems proves extremely stubborn to disprove whatever scientific evidence becomes available. The technical elements which establish decentralized governance escape the notice of critics according to his assessment.

The founder of Cardano has often discussed the project’s strong focus on decentralized operations. According to Charles Hoskinson Cardano operates through a system where no one entity can monopolize control due to its network design along with governance mechanisms. He persists in his belief that Cardano’s future vision together with its operational integrity remains secure despite encountering criticism.

Throughout his discussions, Hoskinson has stressed many times that blockchain critics fail to accurately understand the functional properties of decentralized governance. Many people do not grasp how Cardano operates as a decentralized system according to his belief. He states that more time will reveal Cardano’s true operational independence in the face of spreading misinformation.

Hoskinson recently provided surprising comments about XRP by describing it as a powerful, enduring technology. His remarks about XRP came as a surprise to XRP holders as well as Ripple CTO David Schwartz. The reference to XRP as a standard for global use prompted disbelief from David Schwartz.

He explained to the public that researching the XRP system code and protocol strengthened his admiration for its capabilities. XRP demonstrated strong survival through various market cycles, making a positive impression on the Cardano founder. The XRP community dedicated itself to effective support throughout multiple tests and challenges. Ripple’s CTO felt astonishment after reading Hoskinson’s statements because he expected a negative position regarding XRP from him. 

Coinbase Expands Futures Market With Cardano and Natural Gas Contracts

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  • Coinbase seeks CFTC approval to launch Cardano (ADA) and Natural Gas (NGS) futures, expanding into crypto and energy markets.
  • If the CFTC raises no objections, these futures contracts will go live on March 31, reinforcing Coinbase’s regulated trading offerings.
  • ADA futures enable traders to speculate on Cardano’s price without holding the asset, while NGS futures position Coinbase in commodity markets.

Coinbase is seeking approval to list Cardano (ADA) and Natural Gas (NGS) future contracts. This addition of offerings for the energy and crypto markets would be achieved if the U.S. Commodity Futures Trading Commission (CFTC) gives them approval. They would be listed on March 31 if they are approved. This is part of the efforts of Coinbase to cover more traders.

Coinbase Derivatives has submitted self-certification documents with the CFTC for NGS and ADA future contracts. Under the self-certification, the contracts are declared to be in compliance with regulations. Pending no objection from the CFTC, they are set to become live on March 31. Coinbase is further expanding its platform with crypto and traditional future offerings.

One of the leading blockchain platforms with the most scalability, sustainability, and security is Cardano (ADA). With the launch of ADA futures, traders are now able to trade on the price of Cardano without necessarily owning the asset. This opens up the possibility of advanced risk management and leverage.

The current price of Cardano at the time of writing is $ 0.7394 with a 24-hour trade volume of $ 1.82B. It has increased 2.92% within the last 24 hours.

ADA 1D graph coinmarketcap 3

Coinbase’s Bold Move with ADA and NGS Futures

The Exchange is also entering the energy sector with the launch of Natural Gas (NGS) futures. Natural gas is of vital importance to global markets, and Coinbase is looking to capitalize on this commodity. Traders will be able to bet on natural gas prices through the introduction of these futures. This puts the Exchange as a player in crypto as well as energy markets.

The introduction of regulated future contracts would assist the SEC in approving crypto ETFs. Futures contracts provide a secure platform for price discovery and risk management. Grayscale has already applied for a spot in the Cardano ETF, which may be approved in the future. The SEC is keeping close watch on increasing regulatory transparency in such markets.

Screenshot 5 1

Coinbase’s entry into listing ADA and NGS futures is one of the biggest forays into the energy and crypto markets. If approved, the contracts take effect on March 31 and change the way traders trade the asset classes. The Exchange is once again positioning itself as the leader at the intersection of traditional finance and digital assets. It is one of the steps towards solidifying its role in the new world of trading.

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Cardano (ADA) Struggles Near $0.66 as Market Faces Sharp Downturn

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  • Cardano (ADA) plunged over 10% in 24 hours, nearing critical $0.66 support.
  • Ali Martinez highlights $0.80-$0.66 as a make-or-break zone; breaking $0.66 may trigger a sell-off.
  • 200-day EMA at $0.7382 acts as resistance; RSI at 43.57 signals ongoing bearish momentum.

Cardano (ADA) has been caught in a whirlwind of volatility, mirroring the broader crypto market’s struggle. In the past 24 hours, ADA has lost more than 10%, while its weekly decline has stretched beyond 29%. The pressure on altcoins continues to build, leaving investors on edge as uncertainty grips the market.

ADA 1D graph coinmarketcap 13
Source: CoinMarketCap

At the heart of the discussion is whether ADA can hold onto its key support range between $0.80 and $0.66. Top analyst Ali Martinez pointed to this zone as crucial for setting the stage for any potential rebound. With Cardano now hovering dangerously close to $0.69, the market is at a tipping point. If this level holds, a turnaround might be in sight, but failure could spark a deeper sell-off.

Cardano Teeters on the Edge of Breakdown

ADA recently tested the lower boundary of its support zone, dipping close to $0.66. Earlier today, a brief recovery attempt saw the price climb to $0.76, but that move was swiftly rejected, leading to another downturn. The current price action signals growing bearish momentum, with traders keeping a close eye on whether buyers can step in to defend the key level.

A break below $0.66 could be a game-changer, potentially dragging ADA toward $0.60 or lower. Such a move would confirm a loss of support and likely trigger further selling. On the other hand, if Cardano stabilizes above this mark and manages to reclaim $0.70, it could spark a push toward the $0.75-$0.80 resistance zone.

Cardano
Source: Ali_Charts

Technical Indicators Paint a Grim Picture

The 200-day Exponential Moving Average (EMA), sitting at $0.7382, is proving to be a major hurdle. Cardano slipping below this long-term trend indicator suggests that the market structure is weakening. If bulls regain control and push ADA back above the 200 EMA, it could signal a shift in momentum, setting the stage for a rally toward $0.75-$0.80.

Adding to the concern, the Relative Strength Index (RSI) currently stands at 43.57, hovering below the neutral 50 level. This indicates that bearish momentum is in play, and if selling pressure continues, a further drop in price remains a strong possibility.

ADAUSD 2025 03 10 19 50 38
Source: Trading View

As the market navigates a wave of uncertainty, all eyes remain on Cardano’s $0.66 support. If buyers step in at this level, the possibility of a strong rebound grows. Historically, this price range has seen demand resurface, fueling recovery attempts. If the price manages to break back above $0.70, a run toward $1 could still be within reach.

However, if the support level collapses, the fallout could be severe. A move below $0.66 would open the door for further losses, dragging ADA closer to $0.60 or even lower. The next few trading sessions will be crucial in determining whether Cardano finds stability or sinks deeper into bearish territory.

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