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Information about Cardano (ADA)
Cardano is a proof-of-stake blockchain platform whose goal is to enable “changers, innovators, and visionaries” to bring about positive change globally. This open-source project also aims to “re-allocate power from accountability structures to the edge to individuals”—helping to create a safer, more transparent, and just society.
Cardano was founded in 2017, and the ADA token is designed to ensure that holders can participate in the operation of the network. For this reason, cryptocurrency holders have the right to vote on any proposed software change. The team that created this layered blockchain says there are already several exciting use cases for their technology. The team’s purpose is to enable decentralized applications and smart contracts to grow modularly.
Agricultural companies use Cardano to track fresh produce from the field to the table, while other products built on top of this allow for educational credential storage to combat counterfeiters and retailers to prevent counterfeiting.
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Charles Hoskinson stated that Cardano is now completed, with no further development planned unless funded. IOG is working on Hydra and Leios but is bearing financial risks.
Hoskinson urged community backing for budget proposals to prevent ecosystem damage from funding delays. He addressed concerns regarding past management and funding contract expiration.
Despite criticisms, Cardano now is valued at around 25 billion USD, hosting millions of users and thousands of decentralized applications, indicating its success within the cryptocurrency domain.
Recent market activity revealed that large holders offloaded over 180 million ADA amid a price increase. While whales took profits, retail investors showed excitement for ADA’s rebound.
ADA’s price recently rose by 2.69%, reaching 0.631 USD. A break above 0.63 USD may lead to a target of 0.70 USD, while a dip below 0.59 USD could see support levels challenged.
In mid-April 2025, crypto whales significantly increased their holdings of Cardano (ADA), ApeCoin (APE), and Toncoin (TON). They acquired 190 million ADA valued at 2.4 billion USD, 11 million APE contributing to a 4% price rise, and recorded a 164% surge in TON accumulation, indicating strong market confidence.
Charles Hoskinson highlighted his exclusion from the White House Crypto Roundtable, stressing that real progress lies in legislative efforts rather than temporary political affairs. His absence is notable, especially as Cardano’s ADA was eyed for a proposed national crypto reserve.
After news about ADA’s call for inclusion in a U.S. Crypto reserve, its price jumped by 70% before correcting by 30%. Currently, ADA is priced at 0.62 USD, with a market capitalization of approximately 21.87 billion USD, reflecting its volatility.
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