Cardano

Deep Dive on the Trump Reserve Token Whose Blockchain Ignores TVL

Published

19 hours ago

March 14, 2025

Trading volumes for Cardano’s ADA token have exploded of late with daily figures averaging around $720 million in February while exceeding an average of $1.4 billion in March.

This rise was spurred by a social media post by U.S. President Donald Trump, who mentioned ADA as one of the tokens that would be included in the nation’s strategic crypto reserve.

Although Cardano is enjoying its moment of mainstream attention, the layer-1 blockchain has been quietly emerging as a crypto juggernaut since it went live in late 2017.

Adoption metrics

The ADA token has a market cap of $25.6 billion but what’s more notable is what’s under the hood; data from Google shows that the Cardano blockchain has more than 5 million unique wallets and 1.3 million delegators, with thousands of new wallets being created per day.

The blockchain also has $329 million in total value locked (TVL), although Cardano Foundation CEO Frederik Gregaard believes that metric is overemphasized by crypto communities.

Instead, he points to “non-value transactions” associated with people conducting real-world – albeit non-financial – activities on blockchain rails: Minting a decentralized ID, tracking metadata, recording documents, that sort of thing. Cardano’s a hotbed of such activity, he said.

“I’m fighting to ensure that 50% of the activity is a non-value transaction,” Gregaard told CoinDesk.

One example of this is Cardano’s partnership with Veritree, which saw the Cardano community donate over 1 million ADA tokens to plant 1 million mangrove trees in Kenya, with each donation verified and tracked on the blockchain.

Last week, the Cardano Foundation also announced a deal with SERPRO — Brazil’s largest state-owned IT company – to accelerate blockchain adoption in South America. SERPRO processes 33 billion transactions annually for 90% of Brazil’s federal administration. Additionally, 8,000 employees will also receive blockchain training.

Cardano’s perspective differs from the likes of Solana and the slew of layer-2 networks like Base that pride themselves on total value locked (TVL) and hype-driven movements like memecoins and non-fungible tokens (NFTs).

TVL on Solana grew from $2.2 billion to more than $10 billion in 2024, Cardano meanwhile zipped from a modest $445 million to $537 million in the same period.

DeFi on Cardano

Whilst Cardano Foundation’s CEO said his focus is on real-world use cases, the blockchain still boasts a bustling DeFi ecosystem under the surface.

Minswap is Cardano’s native decentralized exchange (DEX). Its cumulative trading volume hit $3.4 billion this month with December alone notching a near-record $271 million, DefiLlama data shows.

There are also a number of lending protocols including Liqwid, Lenfi and Optim Finance, with TVL across Cardano’s lending sector exceeding $116 million.

But the key part of Gregaard’s mission, he insists, is not to exceed that 50% level for financialized transactions. He sees it as staying in line with the Cardano Foundation’s non-profit ethos, even if it limits potential exponential growth of hype-fueled movements like memecoins.

Cardano Foundation vs Hoskinson vs Emurgo

Fulfilling that ethos has its own challenges, mostly because the blockchain is run by three main entities: the Cardano Foundation, Charles Hoskinson’s IOG and Emurgo. The latter two are commercial businesses, which can cause friction between them and the foundation.

“The intent of having a non-profit was that you can optimize decision-making based on 10 years, it’s different than if you optimize decision-making tomorrow,” Gregaard added.

Some of the friction was highlighted by an anonymous Cardano community member in December, who penned an email on a path forward and detailed how the entities running Cardano were at loggerheads.

“CF’s recent burst of activity is part of a larger strategic play—an attempt to undermine Charles, IOG, Intersect, and the broader governance roadmap,” the email read.

“It’s been a long and difficult road, but I do agree with some of the sentiments of the whistleblower,” Hoskinson wrote in response on X.

Gregaard, however, was more diplomatic about any potential rift.

“There’s no monetary exchange going on between us, but we do work very closely together,” he said.

“We sometimes go to [a conference] and we share a booth. So we come together and we sponsor booths together, that’s the closest you will get to any affiliates, which is very different compared to both the Ethereum foundation or Tezos foundation, where they basically control the Treasury and control the disbursements.”

“On the flip side, we [Cardano Foundation] are the liability umbrella for the community and the blockchain, which means that we are the one who interacts with the SEC and the CSDC and the FMA, and I negotiated MICA with the European Parliament.”

Source link

ADA

Cardano Bulls Eye $10 Target – Analyst Reveals Key Levels To Break

Published

6 days ago

March 9, 2025

admin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Este artículo también está disponible en español.

Cardano (ADA) has been caught in massive volatility and extreme price swings, making it one of the most unpredictable assets in the crypto market. Following US President Donald Trump’s announcement of a US Strategic Crypto Reserve, which included Cardano, ADA’s price skyrocketed over 80% in less than a day, fueling speculation about its long-term role in institutional adoption.

However, the excitement was short-lived, as negative macroeconomic sentiment and fears surrounding global trade wars triggered a sharp 35% decline within just two days. As uncertainty grips the financial markets, traders remain cautious about whether ADA can regain momentum or if more downside is ahead.

Despite the recent sell-off, top analyst Ali Martinez shared a technical analysis suggesting that Cardano remains positioned for a potential surge toward $10. According to his insights, bulls must reclaim key technical levels for a strong recovery, with ADA still showing bullish potential despite short-term weakness.

With Cardano’s price action at a critical point, the coming days will be crucial in determining its next move. If bulls can stabilize ADA above key support, the potential for another explosive rally remains on the table.

Cardano Could Start A Massive Move

Cardano (ADA) has been overperforming compared to the broader crypto market over the past week, showing relative strength despite ongoing volatility. However, price action remains confined within a range that first began forming in November 2024, preventing a clear breakout in either direction.

If bulls can hold the current levels, ADA could soon attempt a push above multi-year highs, setting the stage for a significant bullish move. However, analysts remain cautious as prices are still low, and investor sentiment remains fearful amid macroeconomic uncertainty and trade war tensions. Many traders are waiting for confirmation of a breakout, as momentum has yet to fully shift in favor of the bulls.

Martinez’s technical analysis on X reveals that Cardano is still positioned for a potential surge toward $10. According to Martinez, for this bullish scenario to unfold, ADA must maintain support above $0.80 while successfully breaking through the key $1.20 resistance level. These price points serve as crucial pivot zones, and their validation or failure will likely determine Cardano’s short-term trend.

Cardano prepares for a potential push | Source: Ali Martinez on X

The next trading sessions will be crucial, as a break above $1.20 could trigger a strong upward move, while failure to hold above $0.80 could lead to further downside risk. With ADA currently at a pivotal moment, traders are closely monitoring price action to gauge whether bulls can regain control or if continued consolidation is ahead.

Price Action Details: Technical Analysis

Cardano (ADA) is currently trading at $0.80 after failing to hold above the key $1 level. Despite recent strong performance compared to the broader market, ADA has struggled to maintain bullish momentum, leaving traders uncertain about its next move.

ADA holding crucial support | Source: ADAUSDT chart on TradingView

For bulls to regain control, ADA must reclaim the $1 mark and push above the critical $1.17 resistance level. A break and hold above this zone could trigger a massive rally, potentially sending Cardano to multi-year highs. Such a move would signal renewed buying interest, boosting confidence among investors and traders who are watching ADA’s long-term potential.

However, failure to break above $1 and hold the crucial $0.80 support level could expose Cardano to further downside risk. A breakdown below $0.80 would likely send ADA into lower demand zones, extending its consolidation phase and delaying any significant recovery.

Featured image from Dall-E, chart from TradingView

Source link

ADA

Crypto Whales Gobble Up $2,510,550,217 in XRP and Cardano (ADA) in Just a Day, According to Analyst

Published

2 weeks ago

March 5, 2025

admin

A closely followed analyst says deep-pocketed investors are heavily loading up on two large-cap altcoins as the crypto market witnesses an abrupt spike in volatility.

Trader Ali Martinez tells his 129,500 followers on the social media platform X that crypto whales snapped up about $2.16 billion worth of the payments altcoin XRP in just one day.

“Whales bought nearly one billion XRP in [24 hours!]”

At time of writing, XRP is trading for $2.41.

Turning to the layer-1 protocol Cardano, the trader unveils that deep-pocketed investors accumulated over $345 million worth of ADA over the same time period.

“The largest whales on the Cardano ADA network have bought 420 million ADA in [24 hours!]”

All in all, crypto whales pocketed $2.51 billion worth of XRP and ADA in just a day.

At time of writing, ADA is trading for $0.86.

Turning to the charts, Martinez warns that XRP appears to be flashing a head-and-shoulders pattern, a bearish reversal structure that may indicate the uptrend is over once the asset moves below the pattern’s neckline.

“XRP could invalidate this head-and-shoulders pattern with a daily close above $3, potentially paving the way for a rally to $5!”

Based on the trader’s chart, he seems to predict that XRP will plummet to $1.20 if it breaches the pattern’s neckline at $2.

As for Cardano, the crypto strategist says he sees ADA igniting rallies if it takes out a key resistance area.

“Cardano ADA could be poised for a rally to $2.20! Watch for a 12-hour candlestick close above $1.19 to confirm the bullish breakout.”

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Source link

ADA

Bitcoin, Ethereum, XRP, Solana and Cardano Surge As President Trump Announces US Will Establish ‘Crypto Strategic Reserve’

Published

2 weeks ago

March 2, 2025

admin

Bitcoin and the crypto market at large are surging as President Trump announces that the US will establish a “crypto strategic reserve.”

On Truth Social, Trump says the reserve will include Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Solana (SOL) and Cardano (ADA).

This announcement triggered a $100 billion surge in the global crypto market, with XRP soaring 37%, SOL 24%, and ADA over 70%, while BTC and ETH rose by 10% and 13%, respectively.

Trump framed the reserve as a response to what he called “corrupt attacks” on the crypto industry by the Biden administration, emphasizing his goal to make the U.S. the “crypto capital of the world.”

Trump hasn’t confirmed exactly how he will the reserve.

He established a Presidential Working Group in a January executive order to explore the creation of a national digital asset stockpile, giving 30 days to identify regulations, 60 days for recommendations and 180 days for a full report.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix