Longtime Cardano supporter and crypto commentator Dan Gambardello said ADA’s steep decline has exposed deeper frustrations inside the Cardano ecosystem, even as he maintained that the project’s underlying technology remains among the strongest in crypto. In a lengthy post on X, Gambardello framed the issue as bigger than price alone. He argued that Cardano’s more than 80% drop from 2024 levels should be viewed in the context of a broader altcoin drawdown, not as proof that the network itself is failing. Still, he said the market weakness has intensified longstanding concerns over ecosystem support, leadership, public optics and Cardano’s relative isolation from the wider crypto market. “Let me just say…Cardano is down over 80% from 2024 along with so many altcoins. It’s not because Cardano is failing. It’s because altcoins are getting demolished,” Gambardello wrote. “So please try to separate price and everything I write here. To be clear: This is not me turning against the project.” Why Is The Cardano Price Crashing? Gambardello said he remains a supporter of Cardano and still believes ADA can participate if a broad altcoin bull market returns. His criticism, however, was aimed at what he described as years of missed opportunities. In his view, Cardano had the reputation, funding and top-10 market position needed to define its own narrative and strengthen its ecosystem, but failed to fully capitalize on that leverage. Related Reading: Cardano Crashes To 5-Year Lows As Hoskinson’s Warning Sparks Market Panic The post stood out because Gambardello has been one of Cardano’s most visible long-term advocates. He recalled pivoting from Litecoin into Cardano before the 2020-2021 bull market, a move he described as one of his best investments in crypto. At the time, he said, Cardano’s setup looked compelling as staking came online, the community expanded and the project presented itself as a serious answer to the blockchain trilemma of scalability, decentralization and security. That conviction has not disappeared. Gambardello called Cardano “a great project” with “some of the most strong fundamental tech in crypto,” adding that it is “not game over.” But he said his view has changed on certain ecosystem dynamics because expected progress did not materialize. “If I’m putting it simply, it’s been frustrating over the years to see things not transpire,” he wrote. “Things that would have helped the Cardano ecosystem so much. I don’t need to go into detail, but along with many of you, I’ve voiced my opinions on these things over and over.” Gambardello said Cardano has remained “very secluded” and has repeatedly gone through periods of “unnecessarily bad optics.” The most immediate trigger for his post was the recent announcement that TapTools, a widely used Cardano analytics and ecosystem platform, is shutting down. He described TapTools as “the center of Cardano” and said its closure was exactly the type of loss the network could least afford during a harsh bear market. His frustration was not simply that a project was closing. It was the response or, in his view, the lack of one. Gambardello said he would have expected a visible effort from leadership and the community to rally around a key ecosystem front end, even if that did not mean a direct bailout. “I’m not saying every great project deserves a ‘bailout’, but when Cardano’s frontend and basically its dashboard is about to close their doors, you brainstorm…and you do it with positivity,” he wrote. “Leading an L1, you round up the troops and community with clear resolve to make sure that the heart of this L1 does not need to close their doors, especially in the worst crypto bear market ever.” Related Reading: Cardano Price Could Be Heading To $0.10 — Crypto Founder Offers Insight Gambardello contrasted the TapTools situation with Cardano Foundation communications around other initiatives, including the Brazilian Olympics and Token2049-related activity. He said those efforts may be worthwhile in isolation, but looked misplaced while a central Cardano platform was preparing to shut down. “TapTools shutting down is the last thing Cardano needs right now, and it just seems like it was an ‘oh well’ moment,” he wrote. “Cardano needs to keep their best players in the game right now, and that’s not what has happened.” The broader issue, he added, is that negative developments often spiral into drama on X, compounding the reputational damage. Gambardello said the “constant drama” around Cardano has become exhausting, especially for people who have defended the project for years. That exhaustion helps explain why he has been diversifying his content, focus and portfolio for more than a year, he said. Gambardello rejected the idea that this shift amounted to betrayal, instead presenting it as a normal response to changing markets and evolving risk. At press time, ADA traded at $0.16. Featured image created with DALL.E, chart from TradingView.com
The cryptocurrency market has been riddled with significant selling pressure over the past week, with the Cardano price taking one of the largest hits among large-cap assets. According to CoinGecko data, the altcoin has lost more than 30% of its value in the past seven days. However, a crypto founder has opined that panic-selling Cardano during this significant phase of capitulation might not be the right move. $0.05-$0.10 Could Be A Good Accumulation Zone For ADA: Analyst In a June 5th post on the social media platform X, Alphractal founder and CEO Joao Wedson identified the relevant price levels to watch if the worst-case scenario crystallizes for the Cardano price. The on-chain data expert pinpointed $0.1097 and $0.03478 as the two key levels if this price correction continues. According to Wedson, the $0.1097 and $0.03478 represent the Thermo Price and Delta Price, respectively, for Cardano. The Alphractal explained that the Thermo Price, which is the more stable level, is estimated as the blockchain’s historical revenue (in USD) divided by the current circulating supply. Related Reading: XRP Monthly RSI Drops To All-Time Low As Market Watches For Confirmation Wedson defined this on-chain metric as the “price per coin,” based on the accumulated historical cost or revenue generated by issuance and the fees paid to validators over the blockchain’s lifespan. “It is an on-chain valuation metric, similar to a historical cost of production or network security diluted by circulating supply,” the crypto CEO explained. Meanwhile, the Delta Price measures the numerical difference between the Realized Price and the aforementioned Thermo Price of a cryptocurrency (Cardano, in this case). This on-chain metric connects investors’ average cost basis to validators’ mining (or production) costs, providing insights into deep-cycle bottom and long-term accumulation regions. According to Wedson, the Cardano price has only ever reached the Delta Price twice, while it has never touched the Thermo Price. “I am not saying the price will necessarily visit these levels, but these are regions that need to be monitored closely, since the values change frequently, especially the Delta Price,” the Alphractal CEO clarified. The crypto founder further highlighted that the $0.05 to $0.10 range could be a very “interesting” accumulation zone for the ADA token, especially if additional bearish pressure develops. Nevertheless, Wedson believes that, if the cryptocurrency does not fall any further, investors can simply wait a few months to buy Cardano (with much greater confidence) after a retest at higher levels. Cardano Price At A Glance As of this writing, the price of ADA stands at around $0.1568, reflecting a 16% decline in the past 24 hours. Related Reading: Are Institutions Crashing The Bitcoin Price On Purpose? Here’s What People Are Saying Featured image from iStock, chart from TradingView
Cardano has come under intense pressure after plunging to its lowest price level in over five years, triggering a wave of fear across the cryptocurrency market. The sharp decline follows growing concerns about the ecosystem’s future after founder Charles Hoskinson warned of potential challenges ahead, leaving investors questioning whether ADA is approaching a historic buying opportunity or facing deeper trouble. Cardano Price Collapse Sparks Wave Of Market Attention According to Santiment Intelligence, Cardano has quickly become one of the most talked-about assets in the cryptocurrency market after ADA plunged below $0.16 for the first time since December 2020. The sharp decline sparked widespread discussion across the industry and drew renewed attention to the network’s prospects. Related Reading: Cardano Price Could Close May Below This Multi-Year Support — What’s Next? The majority of the attention is linked to growing concerns surrounding Cardano founder Charles Hoskinson’s recent comments about taking a break. In addition, he warned that the ecosystem could face a potential wave of failures due to project shutdowns and funding difficulties, adding to the uncertainty surrounding the asset. Santiment noted that the market reaction was immediate, with both social and on-chain activity rising sharply. Cardano’s social dominance climbed to roughly 0.52%, its highest level of 2026, meaning that more than one out of every 190 cryptocurrency-related conversations on social media was focused on ADA. Furthermore, network activity experienced a notable increase during the period of heightened volatility. Daily active addresses surged to 28,459, marking the highest reading in four months. The spike suggests that users remained highly engaged with the network as the price decline fueled intense debate and bearish sentiment among traders. Loyal Community Refuses To Back Down Santiment Intelligence noted that despite the recent wave of negative sentiment surrounding Cardano, the network continues to benefit from one of the most dedicated communities in the cryptocurrency space. ADA holders have consistently remained active through multiple market cycles, often supporting the ecosystem even during periods when institutional participation was limited. Related Reading: Cardano Strengthens Cross-Chain Connectivity Across The Blockchain Ecosystem – What This Means For The Network The analytics firm pointed out that the recent surge in daily active addresses suggests many users are still closely engaged with the network and monitoring developments rather than abandoning Cardano amid the price decline. However, Santiment cautioned that while retail investors have historically played a major role in Cardano’s growth, the market may require stronger institutional interest and broader adoption catalysts to reverse the current downtrend. Looking ahead, the coming weeks and months could prove critical for ADA. With the asset trading near multi-year lows, investors are likely to focus on ecosystem expansion, successful project launches, and signs of renewed confidence from leadership. Positive developments in these areas could help reinforce the long-term vision that Cardano supporters have maintained for years and potentially attract fresh capital back into the ecosystem. Featured image from Unsplash, chart from Tradingview.com
Charles Hoskinson raised the possibility of splitting Cardano after the collapse of one of its best-known ecosystem tools exposed a deeper fight over money, governance, and who has the power to keep builders alive on the network. This week, the Cardano founder floated what he called a “nuclear option,” saying a new Cardano could be […]
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Hoskinson's remarks followed a string of setbacks for the ecosystem, including the cancellation of Cardano's flagship conference and the shutdown of a prominent analytics platform.
TapTools is set to wind down after leadership exits as Charles Hoskinson warns of a wave of Cardano ecosystem failures ahead.
Evin McMullen’s view on AI agents disrupting Google’s and Facebook’s business model was previously shared by Cardano Founder Charles Hoskinson and Cloudflare CSO Stephanie Cohen.
The Cardano Foundation's flagship conference was scrapped after a funding proposal failed to secure the two-thirds support required under the blockchain's new governance system.
After hitting its cycle high last August, the Cardano price has continued in a downward slope toward lows not seen since 2024. Despite the calls of an altseason early into May, the ADA token has erased all the gains realized at the beginning of the month. Interestingly, the current Cardano price structure suggests the altcoin may be at risk of further downside in the coming months if it closes below a significant support level in May. ADA Price Could Fall 78% If This Support Is Broken In a May 30th post on the X platform, crypto analyst Ali Martinez revealed that the Cardano price has been hovering around a make-or-break level over the past couple of weeks. Looking at the highlighted monthly chart, the altcoin is at risk of closing the month of May below a major historical support level. Related Reading: Can Ripple’s Fed Master Account Approval Trigger A New XRP Bull Run? AI Model Says $80 Is Possible As shown in the chart below, the Cardano price has been trending within a multi-year channel formation since 2021. After reaching the upper boundary of the channel at $1.195 in early 2025, the cryptocurrency’s price has been in a steady decline, losing a significant support level around $0.544 last November. Now, as Martinez identified, the next definitive floor in sight for the Cardano price is around $0.247, which has acted as major support in the past. In fact, this support level kick-started the last rally that saw the price of ADA reach $1.195. However, the Cardano price has drifted beneath this support level over the past few days, falling to as low as $0.232. With the end of May rapidly approaching, it would be interesting to see whether the ADA candlestick eventually closes below the $0.247 floor over the next day. Martinez wrote in the X post: As the monthly close approaches, maintaining a position below $0.247 alters the immediate market structure, suggesting a deeper valuation phase is underway. According to the crypto analyst, if the Cardano price sustains its close beneath this historical support level, the next “high-conviction macro targets for long-term accumulation” lie around $0.113 and $0.051. Essentially, investors could see the price drop by nearly 78% (from the current price point) if ADA remains below $0.247. However, it is worth noting that the altcoin could bounce back to around $0.544 if this major channel support holds and demand returns to the crypto market. Cardano Price At A Glance As of this writing, the price of ADA stands at around $0.237, reflecting an over 2% jump in the past 24 hours. Related Reading: Could XRP Hit $10 This Bull Run? World’s Highest IQ Holder Thinks So Featured image from Solodev, chart from TradingView
Cardano’s total stablecoin market cap has climbed to roughly $54.88 million, a 15% jump from where it stood in early March 2026. That figure captures just how quickly liquidity has been building on the network over the past several weeks. Related Reading: Bitcoin Faces Prolonged Downtrend Through 2027, Analyst Warns USDCx Drives the Surge Circle’s USDCx now commands the largest share of Cardano’s stablecoin market at 45.20%, with USDM at 26.90%, USDA at 15.45%, and DJED at around 5.90%. Data from Cexplorer shows that nearly 8 million USDCx were minted within just the last two days of the reporting period. According to Messari data, Cardano recorded a 61% rise in stablecoin market cap over the past seven days — the highest among major blockchain networks tracked during that period. Polygon came in second at 36%, followed by World Chain at 10.3%, HyperEVM at 7.4%, and XDC Network at 3.5%. Source: Messari Net stablecoin flow for the current epoch on Cardano has reached approximately $8.55 million. Reports indicate that around $9.57 million worth of stablecoins were minted during this stretch, while roughly $1 million were burned. A Gap That Still Remains The minting surge has been concentrated in USDCx, which is Circle’s on-chain representation of USDC on the Cardano blockchain. That product has seen consistent minting activity throughout the week, with activity accelerating in the final two days. Despite the momentum, Cardano has not yet secured a direct integration of a Tier-1 stablecoin such as Circle’s native USDC or Tether’s USDT. Cardano founder Charles Hoskinson has raised this point repeatedly, saying that such an addition would significantly strengthen the network’s DeFi activity and liquidity depth. Related Reading: Unknown Wallet Destroys $8.5 Million In Bitcoin In Shocking Burn What The Numbers Reflect The figures point to rising on-chain activity across the Cardano ecosystem, even as the network continues working toward deeper stablecoin infrastructure. Analysts generally treat stablecoin inflows as a signal of expanding financial activity and wider DeFi adoption on a given chain. Cardano’s one-week performance puts it well ahead of the other networks in Messari’s rankings for stablecoin market cap growth. Whether that pace holds will likely depend on how quickly new stablecoin integrations and minting activity continue across the ecosystem. Featured image from Unsplash, chart from TradingView
On-chain data shows the Cardano addresses with at least 1 million tokens have seen their combined holdings hit the highest point since 2017. Large Cardano Holders Have Continued To Accumulate Recently In a new post on X, on-chain analytics firm Santiment has discussed the latest trend in the Supply Distribution of the large Cardano investors. The “Supply Distribution,” here refers to an indicator that tells us about the amount of ADA supply that a given wallet group is holding right now. Related Reading: XRP Flashes TD Sequential Buy Signal, Analyst Eyes Rebound Addresses or investors are divided into these cohorts based on the number of coins that they are carrying in their balance. The 1 to 10 coins group, for instance, includes all holders carrying between 1 and 10 ADA in their balance. In the context of the current discussion, the range of interest is the one with a lower bound of 1 million ADA and no upper bound. At the current exchange rate of the cryptocurrency, the cutoff for the group converts to about $230,000. This is a substantial amount, so only the investors with a notable amount of capital would fall inside this range. Below is the chart shared by Santiment that shows the trend in the Supply Distribution for these Cardano millionaire wallets over the past decade. As is visible in the graph, the Cardano supply held by the 1 million+ ADA wallets has been following an uptrend since 2024, indicating that entities like the sharks and whales have been loading up on the asset. As Santiment noted: When key stakeholders accumulate, this is generally a sign of confidence from the groups that are most deeply invested and have the most to gain/lose. Interestingly, the upward trajectory in the Supply Distribution of the millionaire wallets has maintained despite the bearish shift that the cryptocurrency sector as a whole has faced since Q4 2025. Thus, it would appear that the price drawdown hasn’t dissuaded large investors from accumulating the altcoin. Following the latest continuation to the metric’s uptrend, its value has reached the 25.11 billion tokens mark. This is the most amount of Cardano that 1 million+ ADA investors have held since December 2017. In terms of supply percentage, these key holders currently control 64.49% of all coins in circulation, the highest share since July 2020. “As a long-term indicator, this is a bullish signal for those who can be patient enough to hold,” said the analytics firm. Related Reading: Bitcoin Pulls Back, But Futures Traders Turn Bullish: Long Squeeze Setup? Though, while accumulation from Cardano sharks and whales has been pretty consistent for a while now, the indicator could still be to keep an eye on. From the chart, it’s apparent that the indicator showed a similar trajectory during the 2022 bear market, until the large holders participated in a selloff that took the coin to its lowest levels for the cycle. ADA Price At the time of writing, Cardano is trading around $0.23, down nearly 6% over the past week. Featured image from Dall-E, chart from TradingView.com
Charles Hoskinson, Cardano's founder, is turning his public focus back to the blockchain network, and Midnight, one of his largest ventures outside crypto, prepares to close. The shift comes at a difficult moment for the Cardano founder. His Wyoming health care project is winding down after years of investment, while the blockchain he helped build […]
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Cardano could lose a core group of scientists if Input Output fails to secure treasury funding for a slate of research and infrastructure proposals that are still awaiting approval. Last month, Input Output, the development firm behind the Cardano network, revealed that it was seeking $46.8 million to finance its operations for the 2026 development […]
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XRP is making its boldest move yet into mainstream finance as two of the biggest names in traditional finance are stepping deeper into crypto. The CME Group and Nasdaq have announced plans to introduce a new crypto index futures product, and XRP is included in the basket. The contract will give institutional investors regulated access to a range of digital assets through a single product, opening the door to the trillion-dollar Wall Street market. CME And Nasdaq To Launch XRP-Inclusive Crypto Index Futures In a landmark move, the CME Group and Nasdaq are set to launch the Nasdaq CME Crypto Index Futures on June 8, marking the first-ever market-cap-weighted crypto index futures contract. The single cash-settled product will give institutional investors regulated exposure to a basket of digital assets, including Bitcoin, Ethereum, Solana, XRP, Cardano, Chainlink, and Stellar. Related Reading: If You’re Holding XRP, This Pundit Says You Should See This Crypto expert Pumpius was among the few analysts to speak about the development on X, describing it as a turning point for XRP and the broader crypto market. He noted that XRP is now being integrated into Wall Street as traditional finance goes all-in on digital assets. For XRP holders in particular, Pumpius said the token is finally transitioning from a speculative asset to a core institutional holding. Adding more context to the recent development, market analyst Ripplexity said that crypto futures volume at CME has skyrocketed by 43% so far this year, reflecting just how high the demand is for regulated crypto products. He also said that the upcoming index futures contract will be settled using the Nasdaq CME Crypto Settlement Price Index, which already includes XRP. CME Moves To 24/7 Trading Ahead Of June Launch Crypto analyst SMQKE offered a broader view of the new milestone and its implications for the crypto industry. He described the CME Group as the world’s largest and most important derivatives exchange, noting that its partnership with Nasdaq could bring institutional capital into the altcoin market through a fully regulated channel. Related Reading: Market Analyst Outlines How The XRP Price Will Reach $300 And What Everyone Is Missing SMQKE also highlighted a major operational change happening before the June index launch. Starting May 29, the CME Group will reportedly shift its crypto futures and options trading to a 24/7 schedule, a move designed to match the round-the-clock nature of crypto markets. The analyst said that this will be a massive shift and a clear example of how fast the traditional finance sector is catching up to crypto technology. SMQKE also pointed out that XRP, Stellar, and Cardano are all ISO 20022-compliant tokens and that their inclusion in this derivatives product signals a deeper integration into mainstream finance. As the June 8 date approaches, market participants are still waiting on regulatory approval from the CFTC. According to SMQKE, the CME and Nasdaq partnership is likely to pave the way for further institutional adoption of digital assets and decentralized technologies. Featured image from Adobe Stock, chart from Tradingview.com
Zcash (ZEC), the market’s leading privacy-focused cryptocurrency, has delivered a massive performance, with year-to-date data showing ZEC is up more than 1,200%, dramatically outpacing major coins. Cardano (ADA), by contrast, has been in a very different posture, with the same period showing a roughly 66% retrace. The divergence has been so pronounced that Zcash briefly surpassed Cardano by market capitalization, pushing ZEC to become the 11th-largest cryptocurrency on May 10—an inflection point that has led at least one market expert to suggest ZEC could ultimately flip ADA in that key ranking. Why Zcash Is Catching Investors’ Eye Market expert Alex Carchidi highlighted several drivers in a new report, pointing to big accumulation as one of the most important themes. For example, Multicoin Capital disclosed in early May that it has been building a significant position in Zcash since February. That kind of accumulation is not limited to one firm. Cypherpunk Technologies has also accumulated an additional 295,000 Zcash tokens, representing about 1.7% of the coin’s circulating supply. Related Reading: Hyperliquid (HYPE) To $100? Expert Forecasts Major Rise Before Summer 2027 Carchidi noted that the network’s privacy usage appears to be rising in parallel with price. Approximately 30% of Zcash’s circulating supply is now held in shielded addresses. These addresses rely on specialized cryptography to encrypt transaction details, preserving user privacy—a capability that standard public blockchains don’t offer in the same way. Importantly, this share has nearly quadrupled over the past two years, a trend Carchidi says strongly suggests that adoption and usage are increasing alongside ZEC’s market momentum. Cardano Lacks Clear Path To Breakout At the same time, the expert argues the comparison with Cardano is different in almost every way besides market cap. Carchidi pointed out that Cardano is built as a smart-contract blockchain and is designed to compete in decentralized finance (DeFi), yet its traction has been comparatively limited. As of May 12, Cardano reportedly had only about $137 million in total value locked (TVL), placing it 26th among all blockchains. That figure also reflects a notable decline from roughly $410 million a year earlier. Carchidi’s view is that Cardano is in what he described as an “awkward valley.” He argues it is too slow and relatively expensive to compete effectively with high-speed, high-throughput chains such as Solana (SOL). At the same time, even though Cardano is cheaper than the blockchain it was originally created to beat—Ethereum (ETH)—it remains slightly slower and does not have nearly the same ecosystem scale. From this angle, the expert sees the market’s behavior as reflecting a widening gap in conviction narratives. According to Carchidi, institutional capital tends to favor stories that can stand up to scrutiny. He claims Zcash has such a narrative, while Cardano’s story has largely been “wait for better times” for the past several years—without enough clarity on how the better times will be delivered by what the developers are building right now. What Could Drive ADA Higher? Carchidi suggested that a potential approval for a spot Cardano exchange-traded fund (ETF) in the second half of 2026 might be the clearest near-term reason to hold. Even so, he doubts that investors would be eager to hold Cardano through an ETF if there is not a strong investment thesis supporting purchases at current levels. Related Reading: Coinbase CEO Unpacks The Crypto Bill’s Biggest Promise For The US Financial System Ultimately, Carchidi’s conclusion is direct. He argues that, given the lack of clear catalysts and the uncertainty around what would drive recovery, it may make sense to sell Cardano. Zcash, on the other hand, could be attractive if a portfolio needs exposure to privacy coins or scarce stores of value. At the time of writing, ZEC was trading at around $545, having recorded additional gains of 63% in just two weeks. During the same period, ADA recorded gains of 9%, trading at around $0.27. Featured image created with OpenArt, chart from TradingView.com
Crypto analyst Ali Martinez said a long-tracked SuperTrend signal on Cardano’s daily chart has flipped bullish, months after the same tool marked the start of a steep decline. The call comes alongside fresh on-chain data from Santiment showing large ADA wallets now holding a record share of supply. Cardano SuperTrend Flips Bullish Martinez framed the latest signal as notable because of the indicator’s prior timing. In a post on X, the analyst said the SuperTrend had been his most reliable tool for tracking Cardano’s larger directional shifts, pointing to a sell signal from late September 2025 that preceded a 73% decline in ADA. Related Reading: Cardano Holds Critical $0.25 Support: History Points To A Major Rally Setup “The SuperTrend indicator has been my most accurate tool for anticipating Cardano’s long-term shifts. I’ve been tracking it closely since September 25, 2025, when it flashed a sell signal that perfectly timed the start of a 73% price decline. After months of this heavy correction, the indicator has just flipped.” The new signal does not amount to a guarantee of trend continuation, and Martinez attached specific levels to the setup. His first upside area is the $0.33 resistance zone, with a secondary target at $0.42 if momentum persists. The invalidation level, in his view, sits at $0.25. “To me, this suggests that the local exhaustion phase is over and a trend reversal is finally in play,” Martinez wrote. “I expect a surge toward the $0.33 resistance zone. If the momentum sustains, my secondary target is sitting at $0.42.” ADA Whale Holdings Hit Record High The technical signal is accompanied by a separate on-chain read from Santiment, which said Cardano’s largest wallet cohort has continued accumulating through the drawdown. According to the analytics firm, wallets holding at least 1 million ADA now control 25.09 billion tokens, representing 67.47% of the existing supply. Related Reading: ADA Deja Vu? Cardano Price Surged 200% Last Time It Was At This Support Level “Cardano’s key stakeholders have slowly but surely accumulated, consistently adding more and more of the existing supply to their bags, dating back to December, 2023,” Santiment wrote. “Although the asset has lost -71% of its market cap over the past 9 months, the ‘millionaire’ tier of sharks and whales appear to be content with adding more while prices are at a discount.” The Santiment chart shows that 25.09 billion ADA balance as an all-time high for wallets with at least 1 million tokens. It also said the 67.47% supply share is the highest since July 2020. For traders, that creates a familiar but important tension: concentration among larger holders can be read as conviction during a selloff, but it also makes future price action more sensitive to whether those wallets continue accumulating, pause, or distribute into strength. Together, the two signals give ADA a cleaner short-term setup than it has had for much of the correction. Martinez’s thesis depends on $0.25 holding as support, while the upside case requires the fresh SuperTrend buy signal to translate into sustained demand toward $0.33 and then $0.42. Santiment’s data adds a structural layer to that view, showing that large holders have been increasing exposure even as ADA’s market value contracted sharply. At press time, ADA traded at $0.2664. Featured image created with DALL.E, chart from TradingView.com
Cardano is testing a key long-term support at $0.25 once again, a level that has repeatedly sparked strong upside reversals in past cycles. With historical reactions from this zone leading to major rallies, the current reaction could mark the early stages of another structural move higher if support continues to hold. $0.25 Emerges As Cardano’s Most Critical Support Level According to analysis by Ali Charts, the $0.25 price point has emerged as the most critical support level for ADA. By examining the monthly chart, the analyst highlights that this specific price floor has historically functioned as a powerful launchpad for major market reversals. Whenever ADA tests this boundary, it tends to signal the end of a bearish phase and the beginning of a significant upward trend. Related Reading: Cardano (ADA) Price Now At A Critical Level Following Strong Whale Activity The historical evidence cited by Ali Charts begins with the price action in January 2023. During this period, Cardano successfully defended the $0.25 level, which triggered a robust 88.27% rally over the subsequent weeks, demonstrating the high density of buy orders and institutional interest concentrated at this psychological and technical floor. A second, even more dramatic confirmation occurred in September 2023. Ali Charts pointed out that the level held firm once again, providing the necessary liquidity for a massive 243% surge. At present, Ali Charts observes that Cardano is once again interacting with this pivotal $0.25 support. The analyst suggests that this current bounce could be the early stage of a major structural rally. As long as the price remains above this floor, the technical outlook remains bullish, with initial price targets set at $0.36 and a more ambitious macro target identified at $0.53. However, Ali Charts maintains that a failure to hold the $0.25 support would signal a fundamental regime change in the market. Bullish Bias Holds As Long As Green Box Support Remains Intact In a recent ADA market update, Yusuf|Noon stated that Cardano still appears to be leaning toward further upside as long as price continues to hold above the highlighted green box support area. At the same time, the analyst noted that several intermediate resistance levels could create short-term obstacles for the ongoing move higher. Related Reading: Cardano Whale Count Climbs To 4-Month High Amid Steady Accumulation Although ADA is currently pulling back to retest an important technical level, there is not yet a clean structure to justify entering the trade. Rather than chasing price action, the preference is to remain patient and wait for a stronger confirmation setup to develop. Yusuf|Noon also explained that a pullback into the thin green box region could provide a more attractive entry opportunity if the price reacts positively from that area. In addition, the lower green box is being monitored closely as a potential sniper entry zone in the event of a sudden or extreme market dump. Featured image from Adobe Stock, chart from Tradingview.com
The founder and CEO of Cardano’s Input Output said Google, Amazon and Facebook are terrified because AI agents will not behave like humans when confronted with ads.
The latest holder data from Santiment shows that crypto adoption is still increasing, even as prices are without a clear bullish trend across the market. Bitcoin is approaching a major wallet milestone, XRP has continued to grow its user base, and Ethereum is dominating the field by a wide margin. Numbers Reveal A Surge In Adoption New figures from on-chain analytics platform Santiment show that cryptocurrencies are witnessing intense adoption across the board. This data is particularly gotten from the holder count from Santiment, which looks at the number of addresses with non-empty balances. Of the bunch, Bitcoin, XRP, and Ethereum are posting numbers that are noteworthy. Related Reading: Here’s Why The Bitcoin And Ethereum Prices Have Been Rising And Falling Sharply Bitcoin’s holder count is now one of the clearest signs of adoption across the crypto industry. Santiment’s latest data shows Bitcoin is currently at about 59.08 million non-empty wallets, bringing the network close to the 60 million mark. This means Bitcoin has built one of the largest ownership bases in crypto despite several months of difficult price action and correction from its 2025 price peak. The timing of Bitcoin’s wallet growth is important because it is coming at the same time institutional demand is starting to improve again. Data from SoSoValue shows that Spot Bitcoin ETF flows witnessed positive flows in March and April, after four straight months of net outflows from late November 2025 through February 2026 that totaled about $4 billion. Santiment’s data places XRP’s non-empty wallet count at 7.8 million. That figure, when viewed in isolation, is somewhat modest against Bitcoin’s tally. However, when viewed in context, it reflects a network that has increased in adoption with unusual consistency over the past 18 months since it started trading in the US again. This growth is also notable because XRP has not had the kind of price performance that would usually be expected to accompany a rising holder base. A Broader Market In Expansion The Santiment snapshot is not limited to only Bitcoin and XRP, and it places the cryptocurrencies in context compared to the rest of the market. According to Santiment, Ethereum is nearing 190 million non-empty wallets for the first time in its history, putting it far ahead of every other large-cap crypto asset tracked in the dataset. Ethereum’s 189.5 million non-empty wallets is itself a headline number, one that places it at 3.2 times Bitcoin’s holder count. Related Reading: Analyst Says High XRP Price Targets Are Dangerous, Here’s Why XRP’s 7.8 million non-empty wallets place it below Dogecoin’s 8.25 million and Tether’s 13.61 million on Ethereum, but above USDC’s 6.76 million, Cardano’s 4.63 million, and Chainlink’s 870,720 non-empty wallets. These holder numbers show how far crypto adoption has grown. Research estimates that about 559 million people now own cryptocurrency in 2026, representing a 9.9% global adoption rate, with further growth expected when clearer regulations take shape in the US and other major jurisdictions. Featured image from Pixabay, chart from Tradingview.com
Input Output Global, the primary software laboratory behind the Cardano blockchain, has halved its annual treasury funding request, asking the network’s decentralized governance body for $46.8 million to finance its 2026 operations. The pullback marks a deliberate transition away from single-entity dominance, pivoting the ecosystem toward a future where specialized third-party firms shoulder a larger […]
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The engineering organization behind Cardano submitted nine proposals totaling $46.8 million for the 2026 voting cycle, down from $97.5 million last year.
The Cardano price has been a poor indicator of the positive momentum injected into the cryptocurrency market over the past week. Despite most large-cap altcoins surging on the back of easing macroeconomic pressure, the ADA token has barely been able to stage a sustained rally above the $0.26 level. However, a popular analyst on the social media platform X has identified a pattern that suggests that the Cardano price could be at a bottom, potentially seeing a rebound to a new high over the coming months. This optimistic outlook projects the altcoin’s value growing up to 200% in a single move from its current point. Why The $0.24 Support Could Trigger A 200% Move For ADA In an April 17th post on the X platform, market pundit Ali Martinez shared an exciting outlook for the price of Cardano, saying it recently found support at a familiar level. According to the crypto analyst, this exact support level has served as a springboard for significant rallies for the ADA price in recent years. Related Reading: XRP Just Settled $291 Million On-Chain, Almost Nothing Hit Binance: Find Out What’s Happening Martinez identified the $0.249 level as a formidable support, leading to the formation of multiple bottoms and rebounds for the Cardano price in the past. As shown in the chart below, the price of ADA fell to this exact support earlier in March before returning to the price level again in April. Besides the apparent strength of this level, the $0.249 support has been the starting point of significant price rallies, with the most recent being 200% price surge. The Cardano price, after dropping to this demand zone around September 2023, soared by more than 200% to around $0.8 in the first quarter of 2024. Similarly, the Cardano price witnessed a rally of over 85% in early 2023 after falling to this support at $0.249. If history is anything to go by, the price action indicators are pointing to a potential rally between 80% – 200% for the ADA token over the coming month. ` In any case, investors need to watch out for the $0.249 support’s continued formidability, as a sustained breach below it could be potentially detrimental to the altcoin’s upward trajectory. Cardano Price Overview As of this writing, the price of ADA stands at around $0.2615, with a more than 2% jump in the past 24 hours. This positive single-day action in Cardano’s price reflects easing pressure on global financial markets, as Iran reportedly reopened the Strait of Hormuz on Friday, April 17. However, broadly speaking, the Cardano price performance has been muted relative to the rest of the cryptocurrency market over the past week. While Ethereum and XRP climbed nearly 10% on the weekly timeframe, the ADA token is barely up by 3% in the last seven days. Even while the general crypto market appears to have steadied in recent weeks, the Cardano price still seems to be struggling, with CoinGecko data showing that the altcoin is still down by more than 4% in the past month. Related Reading: Why Ethereum Has Become One Of The Most Heavily Shorted Assets Globally Featured image from iStock, chart from TradingView
Cardano’s short sellers are taking a beating. Over the past 24 hours, over $500,000 worth of short positions were liquidated as ADA hovered near $0.25 — a price point that one unnamed trader is calling a powder keg ready to blow. Related Reading: XRP Faces No Immediate Quantum Threat As Only 0.03% Supply Seen At Risk: Analyst Whale Activity Signals Quiet Accumulation Exchange data tells a quiet story of confidence beneath the surface. More ADA has been flowing out of exchanges than flowing in, a pattern that often shows up when large holders are pulling coins into private wallets rather than preparing to sell. Whale accumulation has picked up as well. Reports indicate the number of wallets holding 10 million or more ADA recently climbed to a four-month high, even as the price continued sliding. The liquidation data reflects the same tension. Of the $637,500 in total ADA positions wiped out in the past day, shorts accounted for nearly 80% of the damage. Long positions absorbed the rest — about $135,200 — as buyers got caught on the wrong side of brief downward swings. BREAKING: CARDANO ( $ADA ) IS A TICKING TIME BOMB SAYS EXPERT TRADER ???????????? The target is 1.20$ end of this week. In his words “there’s nowhere left for it to go this week it will either go up or go down.” pic.twitter.com/Sg8yef818a — ????Mintern (@MinswapIntern) April 9, 2026 A Chart Four Years In The Making The technical case for a breakout rests on a structure that has been building since early 2022. Based on a chart shared by Minswap DEX’s self-described chief meme officer Mintern on X, ADA has been trading inside a horizontal price channel for roughly four years, bouncing between a ceiling and a floor without breaking decisively in either direction. ADA’s all-time high of $3.10 came in 2021. After that peak, the coin dropped sharply. By the week of January 17, 2022, it had fallen from $1.60 to below $0.91, before eventually settling near the top of the channel around $1.18. That range — from roughly $0.23 on the low end to $1.18 on the high end — has contained price action ever since. A descending trendline developed inside the channel starting around August 2025, when ADA peaked near $1.02 and then began forming a series of lower highs. Today, the price sits where that trendline meets the channel’s lower boundary — a compression point that typically forces a decisive move. Related Reading: Bitcoin ETF Hype Hits Ceiling, Sharp Drop Risk Emerges: Analyst The unnamed trader’s analysis calls for a breakout to the upside with a price target near $1.20 before the week ends. That would represent a roughly 380% gain from current levels in less than two days. A Bold Call From An Unknown Voice Still, the prediction carries real weight only if its source does — and that source remains unknown. The trader behind the “ticking time bomb” call was never identified in the analysis Mintern shared, which raises obvious questions about credibility, track record, and motive. A 380% rally in under 48 hours is an extraordinary claim. Extraordinary claims demand more than an anonymous chart. Featured image from Meta, chart from TradingView
The Cardano community has officially approved the first tranche of the Orion Fund, a venture-style initiative designed to bridge Bitcoin liquidity into its decentralized finance (DeFi) ecosystem. The governance vote unlocks 50 million ADA from the network's treasury, marking a pivotal shift in how Cardano funds its long-term economic expansion. The approval, which cleared required […]
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On-chain data shows the Cardano network has witnessed a surge in large wallets over the last couple of months, a sign that big-money hands have flowed in. Cardano Wallets With More Than 10 Million Tokens Have Grown In Count As highlighted by on-chain analytics firm Santiment in an X post, Cardano whales have hit a 4-month high count. The indicator of interest here is the “Supply Distribution,” which measures the total number of addresses that belong to a particular coin group. Related Reading: XRP 1-Year MVRV Falls To -41%, Lowest Since FTX Crash Investors are divided into these cohorts based on the number of tokens that they are carrying in their balance. The 1 to 10 coins group, for example, includes all addresses holding between 1 and 10 ADA. In the context of the current topic, the cohort of interest is the one with a lower limit of 10 million ADA and no upper limit. At the current exchange rate, its cutoff converts to $2.4 million, which is a sizeable amount. Thus, only the big-money holders will be able to qualify for it. Such investors are popularly known as the whales. Now, here is the chart shared by Santiment that shows the trend in the Supply Distribution of the Cardano whales over the last few months: As displayed in the above graph, the Cardano Supply Distribution for the 10 million+ ADA holders has risen recently, suggesting that new large traders have joined the network. Over the last nine weeks, the indicator has gone up by 5.2%, reaching a high of 424. This is the most number of whales on the ADA network since December 6th. Naturally, the larger presence of the whales can be bullish for the cryptocurrency. “Even though it has not decoupled from other altcoins yet in 2026, its market value is +11% since it bottomed out back on February 5th,” explained the analytics firm. Though, while whales have have been flowing into the network over the last couple of months, the Supply Distribution could still be to keep an eye on, as it often doesn’t take much for a quick reversal to occur. From the chart, it’s visible that the metric saw a sudden plunge back at the end of January, coinciding with the market crash. Related Reading: These 3 Signals Mark Bear Market Exits—Bitcoin Has Yet To Trigger Them Cardano isn’t the only altcoin that has witnessed movement from the whales recently. As pointed out by analyst Ali Martinez in an X post, Dogecoin whales participated in net buying of 500 million tokens last week. This accumulation came while the DOGE spot price was facing a classic squeeze from the Bollinger Bands. “When whales buy during a squeeze, they are usually positioning for the breakout,” noted Martinez. ADA Price At the time of writing, Cardano is floating around $0.24, down more than 4% in the last 24 hours. Featured image from Dall-E, chart from TradingView.com
Adoption of Bitcoin and Ethereum is poised to take a significant step forward as Charles Schwab introduces direct trading for both assets on its platform. As one of the largest financial institutions in the world, managing trillions in client assets, Schwab’s entry into the crypto space represents a major bridge between traditional finance and digital assets. What Schwab’s Move Means For Bitcoin And Ethereum Liquidity A $12 trillion asset, Charles Schwab, is preparing to launch direct Bitcoin and Ethereum trading for users. Crypto commentator Leolanza revealed on X that the development highlights a broader trend that traditional financial platforms are making it easier for everyday investors to buy crypto through the same systems they already use for stocks and ETFs. Related Reading: Markets On Edge: $16.4B In Bitcoin And Ethereum Options Expire Set To Today By enabling crypto trading directly within a familiar brokerage platform, Schwab is reducing friction and expanding access for more capital to flow into both BTC and ETH. The intersection between quantum computing and crypto is drawing closer, as a new blockchain has been launched specifically to resist quantum attacks. Crypto trader MANDO CT has noted that while this may sound futuristic, the risk being addressed is increasingly viewed as legitimate within the industry. Today, leading networks such as Bitcoin and Ethereum rely on encryption that is highly secure under current technological limits, but could be vulnerable in the future if a significant breakthrough in quantum computing advancements occurs. While the risk still feels distant to most investors, the groundwork to address it is already being laid. Mando CT pointed out that narratives in crypto rarely wait for full clarity until the risk becomes obvious. Instead, they tend to build gradually before reaching a tipping point. Similar to how Artificial Intelligence evolved from early signals into a dominant global trend, quantum-resistant technology could follow the same trajectory. Transforming Blockchain Into A Developer Ecosystem The evolution of blockchain technology is the progression of ideas built upon the foundations laid by Bitcoin. Analyst Dave highlighted that BTC introduced the world to a decentralized, censorship-resistant digital money that operates outside traditional financial systems. It established the core principles of sound money and financial sovereignty. Related Reading: Bitcoin And Ethereum Prices Are Struggling Again, And Here’s What’s Behind It Building on that foundation, ETH learned from BTC by adding smart contracts, enabling developers to create platforms for decentralized applications and unlocking new possibilities in programmable finance and digital assets. Cardano took these ideas further by focusing on a rigorous research-driven approach and scalability, and combining BTC’s security with ETH’s flexibility. Dave highlights its focus on sustainability, decentralized ecosystem governance by its community, scarcity, and reliability. However, a solid foundation with integrated upgradeability is not just for enterprises, but is capable of government adoption. Featured image from Pexels, chart from Tradingview.com
A prominent crypto analyst is pointing to similarities between Cardano’s current market position and Bitcoin’s early years. Some see a struggling altcoin still far from its glory days, while others believe the current setup looks like the early stages of major breakouts seen in previous cycles. A crypto analyst known as Crypto Patel on the social media platform X is leaning heavily toward the latter, and according to him, a $10+ ADA price is only a matter of time. Analyst Constructs ADA Comparison To Bitcoin Crypto analyst Crypto Patel has compared the current Cardano setup to Bitcoin’s early days, arguing that the opportunity being presented now is one the industry has seen before. Related Reading: This Major Cardano Upgrade Could Change The Network’s Trajectory Posting on X, analyst Crypto Patel pointed to ADA’s recent commodity classification by US regulators and its position nearly 91% below its all-time high as evidence that crypto investors are mispricing a cryptocurrency that already cleared its most significant legal and price structure breakdown. Cardano is currently trading around $0.24, a level that, on a bi-weekly chart spanning back to 2019, is right above a macro bullish order block identified by CryptoPatel. The macro bullish order block is a demand zone between $0.13 and $0.18 that has historically attracted significant buying interest. The asset is down roughly 92% from its all-time high of $3.09, a figure that reads as catastrophic in isolation but which CryptoPatel frames as an opportunity. The situation resembles a period when Bitcoin traded at depressed levels while facing skepticism among investors in its early days. Interestingly, Cardano is in a much better position because it just got classified as a commodity. “That’s like buying Bitcoin when everyone called it a scam,” he wrote, “except this time the government already said it’s legit.” What The Chart Is Actually Saying The technical structure of CryptoPatel’s thesis is more layered than a single bullish callout. Technical analysis of the 2-week ADA/USDT chart on Binance shows the complete macro cycle and how the ADA price may be bottoming. Related Reading: Cardano Just Saw A Large Spike In DeFi Activity, Why Is Price Still Struggling Below $0.3? From its 2020 lows, the ADA price rallied 3,402% into the 2021 peak before entering a prolonged price correction. This prolonged correction led to the formation of a large descending triangle between 2022 and 2025, with a descending resistance trendline suppressing every recovery attempt. This led to a triangular price structure of lower highs and higher lows. When the price eventually broke down through the triangle’s lower support in 2025, that support flipped to resistance. The resistance level is between $0.45 and $0.50, and that range will need to be reclaimed for any meaningful recovery to take hold. CryptoPatel’s projected recovery path is staged: a reclaim of Resistance 1 at $1.20, followed by Resistance 2 at $2.95, before a full bull market extension toward $5.82 and ultimately $15.60. This final target represents a gain of about 12,471% from the cycle bottom. “$10+ ADA is not a question,” the analyst wrote. “It’s just a matter of time.” Featured image from Unsplash, chart from Tradingview.com
Interactive Brokers launched crypto trading for eligible EEA investors, offering 11 cryptocurrencies alongside stocks and futures.
The Cardano founder argues crypto is too public, complex and risky for mainstream use and is backing a privacy-focused network to change that.
Cardano has been stuck below 30 cents for weeks, and its ranking among global cryptocurrencies has slipped to 12th place. Against that backdrop, a trader is now arguing the coin could still reach $2 — and sooner than most people think. Related Reading: Ethereum Sets User Record As Price Lags Far Behind Network Growth The Math Behind The Claim The argument comes from Yesreel, a crypto trader with six years of experience, who posted the projection on social media. Based on his analysis, ADA would only need to string together five to six days of 40–50% daily gains to close the gap between its current price and the $2 target. At roughly $0.25 right now, that gap works out to about 695%. The calculation itself holds up. Compounding works fast when daily percentage gains are that large. A 40% jump per day for six straight days gets ADA to $2. A 50% daily gain does the same in five. The math is real. Whether those gains can happen is a different question. $ADA can go to $2 faster than you think It only needs a few consecutive days with 40%-50% pumps???? It has happened before, it can happen again. — Yesreel (@Yesreel_) March 26, 2026 Yesreel says history gives reason to believe they can. Cardano hit an all-time high of $3.10 back in 2021, and it got there fast. Between August 2 and September 2 of that year, the token climbed from $1.32 to that peak — a gain of 134% in a single month. More recently, following the US presidential election in November 2024, ADA surged over 160% in just 15 days, jumping from around 32 cents on November 5 to 84 cents by November 20. Past Rallies Give Bulls Something To Point To Those two episodes are the backbone of the bullish case. Both showed that Cardano can move sharply and quickly when market conditions fall into place. Broad investor demand, a rising tide across the crypto market, and heavy capital inflows were the common thread in each case. The current picture looks different. Crypto markets have been weighed down by macroeconomic pressure and geopolitical tensions, and ADA has felt that drag more than most. The token has spent much of the past several weeks trading below 30 cents with little momentum to show for it. Related Reading: UK Slaps Sanctions On $20B Crypto Black Market Tied To Southeast Asia Scam Rings Current Conditions Still Pose A Challenge No sustained breakout has materialized yet, and investor confidence in a near-term recovery remains shaky. Bearish pressure has been steady, and ADA’s slide to 12th in global crypto rankings reflects how much ground it has lost relative to other assets. Yesreel has not offered a specific timeline or a trigger event that would kick off the kind of run he is describing. His projection rests on the idea that when the right conditions align — rising sentiment, strong inflows, momentum feeding on itself — ADA has shown it can compress months of gains into days. Whether those conditions arrive anytime soon is something no one can say with certainty. Featured image from Unsplash, chart from TradingView