Cardano Research Hub | ADA information, history and analysis
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.
Whales have accumulated 230 million ADA worth 150 million USD within 72 hours, showing optimism for Cardano’s price recovery. Current trading above 0.62 USD indicates potential for further gains.
ADA must breach the 0.70 USD level to trigger a possible short squeeze. If this level is surpassed, it could lead to upward momentum for Cardano, while failure may result in a drop to 0.58 USD.
TRX has risen significantly, now valued at around 22 billion USD. With a 4% weekly gain and higher trading volume, TRX is gaining investor interest. Conversely, ADA faces risks in maintaining its support, especially as market conditions worsen.
Data reveals TRON’s superior network performance with a 53.1% increase in active addresses compared to ADA’s -42.6% decline. This trend, alongside TRON’s higher fee generation and trading volumes, suggests that it could be on track to exceed Cardano’s market cap.
Cardano’s recent price behavior mirrors its Q3 2024 breakout, with current patterns indicating retention above 0.60 USD support. However, weak buy-side interest during recent dips raises concerns about sustaining upward momentum.
Upcoming trading sessions will be pivotal for ADA’s performance. A rebound from the 0.60 USD support zone may lead to retesting 0.73 USD resistance. Analysts speculate a potential breakout towards 2.50 USD in Q2, contingent on market conditions.
Interactive Brokers now offers Solana (SOL) at 136.32 USD, Cardano (ADA) at 0.7199 USD, XRP at 2.36 USD, and Dogecoin (DOGE) at 0.1918 USD, increasing its crypto offerings significantly.
The platform generated 9.3 billion USD in revenue for 2024 and aims to provide low transaction fees between 0.12% to 0.18% with a minimum fee of 1.75 USD per trade, enhancing its competitive position in the market.
Cardano’s price recently increased by 8%, reaching 0.76 USD, while still below the March peak of 1.18 USD. This surge is partly due to speculative interest following high-profile events and potential new investments in the cryptocurrency.
The involvement of Donald Trump Jr. At the upcoming DC Blockchain Summit, alongside notable figures in the crypto space, has heightened interest in ADA, leading many to anticipate future price increases as new stablecoin projects emerge.
The expected listing of a USD-pegged stablecoin on Cardano could substantially boost demand for ADA. Combined with ongoing improvements in its DeFi offerings, these developments suggest a promising outlook for ADA.
Nubank has recently expanded its cryptocurrency services by adding four altcoins: Cardano (ADA), Near Protocol (NEAR), Cosmos (ATOM), and Algorand (ALGO). This decision is part of its strategy to cater to the growing demand for digital assets.
The bank’s revenue growth has been extraordinary, climbing to nearly 3 billion USD in 2024, reflecting an increase of 1,124% compared to previous years. This rapid expansion aligns with the overall growth of the Brazilian economy and interest in cryptocurrency.
Whales have shown significant accumulation with 240 million ADA purchased at current prices, reflecting strong confidence in Cardano’s long-term value. This support from long-term holders can drive ADA towards breaking resistance levels.
Despite a 6% rise, ADA faces difficulty breaking the 0.77 USD resistance level. Continued support from investors is crucial for ADA to reach its next target of 0.85 USD, which is key for establishing a recovery rally.
Cassava Technologies, led by Strive Masiyiwa, partners with Nvidia to establish Africa’s first AI factory in South Africa by June 2025. This initiative aims to equip local businesses with advanced AI capabilities to foster innovation and support economic growth.
Market optimism for exchange-traded funds (ETFs) linked to XRP, Cardano (ADA), and Litecoin (LTC) is rising, with probabilities of 87%, 61%, and 68% for regulatory approvals by 2025, spurred by recent legal developments surrounding Ripple Labs.
According to Polymarket, there is an 87% probability that XRP ETF will gain regulatory approval by 2025 due to the SEC’s recent legal retreats. This insight enhances market optimism for cryptocurrency ETFs.
Ripple Labs’ favorable news has bolstered enthusiasm for XRP, while ADA and LTC’s ETF approval probabilities stand at 61% and 68%, respectively. Bitcoin is demonstrating stable trading ranges, indicating potential breakout levels.
Cardano whales, holding between 100 million and 1 billion ADA, have accumulated 190 million ADA recently, indicating heightened confidence in the asset. This increase in holdings decreases market supply, potentially elevating ADA’s price if demand remains stable.
Currently trading at 0.72 USD, ADA is seeing positive trends in buying pressure. Indicators like the Chaikin Money Flow suggest a move towards increased buying momentum, with possible targets of 0.82 USD if this trend continues.