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Cardano (ADA) Surpasses Tron (TRX). Is Top 5 Near?
NFT Gaming

Cardano (ADA) Surpasses Tron (TRX). Is Top 5 Near?

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  • Former top 3 coin 
  • Cardano’s outperformance 

Cardano (ADA) has reclaimed the eighth spot by market capitalization, surpassing Tron (TRX) and Dogecoin (DOGE). 

The “Ethereum killer” is currently valued at $33.5 billion, which places it slightly above the two aforementioned tokens. 

However, the token is still far from reclaiming its much-coveted top 5 placement. BNB is currently the fifth-biggest cryptocurrency with a market cap of $115 billion.  

Former top 3 coin 

At the height of the cryptocurrency mania of early 2018, ADA, which was a novel project back then, managed to break into the top 5. Back then, however, its market cap was considerably smaller ($18.5 billion compared to today’s $33.5 billion). Back then, XRP was the second-biggest cryptocurrency, racing ahead of Ethereum (ETH). 

However, ADA suffered a brutal drop during the 2018 bear market. By the end of the year, the token exited the top 10, with its market cap ultimately shrinking to just $895 million. 

The token ended up spending much of 2019 in the #10-#13 range before gaining a foothold in the top 10. 

During the 2021 bull run, ADA ended up reclaiming its spot in the top 5. 

In fact, ADA became the third-biggest cryptocurrency by market capitalization in early September 2021. It had a market capitalization of a staggering $94 billion ahead of the launch of the Alonzo hard fork, which finally brought smart contracts to the popular platform. 

Cardano’s outperformance 

ADA has managed to substantially outperform other major cryptocurrencies over the past week. 

It is up by nearly 14% while XRP, for comparison, has plunged by 7% during the same period of time. 

The most recent surge comes amid strong network growth and robust developer activity.

However, it should be noted that ADA is still down a staggering 71% from its all-time high of $3.09 that was logged almost four years ago.  



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Cardano (ADA) Price Prediction for June 25
Crypto Trends

Cardano (ADA) Price Prediction for June 25

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Most of the coins are in the green zone in the middle of the week, according to CoinMarketCap.

Top coins by CoinMarketCap

ADA/USD

Cardano (ADA) is the exception to the rule, falling by 0.11% since yesterday.

Image by TradingView

On the hourly chart, the rate of ADA might have set a local support of $0.5744. If the daily bar closes far from that level, the upward move may continue to the resistance by tomorrow.

Image by TradingView

On the longer time frame, the price of ADA has once again bounced off the resistance level. However, one should pay attention to the daily candle’s closure. 

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If it happens above that mark, there is a chance of witnessing a test of the $0.60 zone.

Image by TradingView

From the midterm point of view, the rate is rising after a false breakout of the support of $0.5192. However, buyers need more time to accumulate energy for a further move. In this case, sideways trading in the range of $0.57-$0.62 is the most likely scenario.

ADA is trading at $0.5852 at press time.



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Cardano (ADA) Price Skyrockets 10% as Bulls Regain Control
Crypto Trends

Cardano (ADA) Price Skyrockets 10% as Bulls Regain Control

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Cardano (ADA) is witnessing a significant rebound as bulls in the ecosystem appear determined to push the asset to reclaim lost gains. According to CoinMarketCap data, the price of ADA has spiked by 10% in the last 24 hours as traders are actively buying the coin.

Key resistance at $0.60 as Cardano investors eye $1

Notably, ADA’s value climbed from a low of $0.5308 to a peak of $0.5932 as transactions intensified. As of press time, investors have pulled back, leading to a slight drop in the value of Cardano on the crypto market.

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Cardano now exchanges at $0.5813, representing a 6.01% increase. However, trading volume is still up by double digits at 11.92%, translating to $1.17 billion in fiat currency.

Cardano Daily Price Chart | Source: CoinMarketCap

This development suggests that investors actively transact the coin in anticipation of further positive price movements. ADA’s technical charts signal that it has the potential to reach higher levels if supported by ecosystem bulls.

Cardano has been trapped in consolidation for the last couple of days, with the $0.52 level as crucial support. With this recovery, ADA must breach the $0.60 resistance level to confirm a bullish trend.

The coin could record explosive growth if Cardano bulls can push ADA and sustain its value above $0.70. If the broader crypto market is bullish, it will likely retest the psychological $1 level, which it last hit in February 2025.

Cardano Lace Wallet integration of Bitcoin sparks optimism

Meanwhile, positive developments that could further drive adoption have been rolled out in the Cardano ecosystem. According to Charles Hoskinson, Cardano founder, Lace Wallet has fully integrated Bitcoin on the mainnet and is now live.

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There are also expectations that more notable assets like XRP might be next for integration. As users anticipate what comes next, integrating Bitcoin to Lace 1.24 might support bulls in driving Cardano’s value toward the elusive $1 mark.



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'New ADA?' Cardano Creator Unveils Crucial Tokenomics Whitepaper
NFT Gaming

‘New ADA?’ Cardano Creator Unveils Crucial Tokenomics Whitepaper

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Charles Hoskinson has officially unveiled the highly anticipated Midnight tokenomics framework. The whitepaper explains how NIGHT, a utility token that is supposed to boost value and governance, and DUST, a new type of shielded resource that powers transactions, work financially.

The NIGHT token has a fixed supply of 24 billion, minted on Cardano and divided between Cardano and the new Midnight network, using a cross-chain mechanism to stop double-counting or exploitation.

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NIGHT’s main job is to generate DUST, which acts like energy rather than currency. Unlike standard gas fees, DUST is generated by holding NIGHT, meaning users do not spend the token itself to use the network. The more NIGHT you hold, the more DUST you generate, making it easy to predict how it will perform even if the market becomes volatile.

The distribution starts with the “Glacier Drop” — a free token drop to eligible users across Cardano, Bitcoin, Ethereum, Solana and other chains. Then there is the “Scavenger Mine,” which gives out unclaimed tokens to those who contribute computing power.

And finally, there is a long-tail “Lost-and-Found” phase to catch anyone who missed their initial window. All NIGHT claimed during the first two phases will unlock gradually over 360 days after mainnet launch, with a 90-day grace period to redeem.

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When it comes to block rewards, Midnight will be using a decelerating issuance model that is controlled by an on-chain reserve pool. Thus, early block producers will not earn rewards, but eventually, Cardano SPOs can join in and earn NIGHT through a mix of fixed subsidies and usage-based incentives.

This whitepaper is not just about introducing a token, it is about launching a whole parallel economic system. How it affects the original Cardano (ADA) is an open question.



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Cardano (ADA) Deeply Oversold per This Indicator; Rebound Imminent?
GameFi Guides

Cardano (ADA) Deeply Oversold per This Indicator; Rebound Imminent?

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  • Cardano flashes an oversold signal
  • Cardano news

Cardano (ADA), the 10th-largest cryptocurrency by market capitalization, continues to struggle amid broader market weakness and investor caution, trading near lows of $0.52 last seen in early April.

Cardano was trading down 7.85% in the last 24 hours to $0.5478 at the time of writing as part of a broader crypto sell-off that saw $1.01 billion in liquidations due to renewed market volatility.

ADA/USD Daily Chart, Courtesy: TradingView

Cardano has slowly declined since its June 11 high of $0.736, with 11 out of 12 days in the negative, including today’s drop.

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The slump has lasted six straight days since June 16, reaching an intraday low of $0.56, with chart signals now suggesting an imminent rebound.

Cardano flashes an oversold signal

According to the Relative Strength Index (RSI) indicator on the daily chart, ADA might have reached a deeply oversold territory, with the RSI falling below the typical 30 threshold to just 23, a level that has historically signaled a probable reversal.

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The RSI is a momentum oscillator that measures the speed and change of price movements. A reading below 30 typically indicates that an asset is oversold, implying that selling pressure has been overextended and a bounce might be imminent. Cardano’s current RSI of 23 implies that the bearish momentum might be about to fade.

Technical traders frequently pay attention to low RSI levels, seeing oversold conditions as a potential setup for a relief rally or perhaps a trend reversal.

Cardano news

Ford is supporting Iagon and Cloud Court on their Cardano-based legal data storage proof-of-concept.

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The recent launch of a new proof-of-concept initiative, including decentralized storage platform Iagon, legal tech firm Cloud Court and Ford Motor Company, highlights institutional interest in the Cardano ecosystem.

The pilot project intends to determine the feasibility of merging Cardano’s blockchain technology with Iagon’s decentralized cloud storage to allow secure legal data management.

The Cardano Blueprint, the knowledge base for an easier understanding of the Cardano blockchain, has been unveiled by Input Output. In another milestone, the Cardano network surpassed 110 million transactions, reaching 110.63 million.



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NFT Gaming

ADA Falls on Spread of War Concerns Despite Ford Advising on Cardano-Based Project

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Cardano (ADA)

is trading at $0.5478, down 6.45% over the past 24 hours, after a sharp correction fueled by market anxiety surrounding escalating geopolitical conflict in the Middle East. The token fell from a high of $0.586 to a low of $0.5464, with the steepest drop occurring during the 21:00 hour when ADA fell 3.2% on 126 million volume, according to CoinDesk Research’s technical analysis model. 24-hour trading volume climbed to 37.37% above its 30-day average.

Despite this volatility, Cardano continues to attract long-term interest. Nearly $1 billion worth of ADA has been withdrawn from centralized exchanges in 2024, and over 310 million tokens have been accumulated by large holders in June alone.

Institutional interest in the Cardano ecosystem was also underscored this week by the launch of a new proof-of-concept initiative involving decentralized storage platform Iagon, legal tech firm Cloud Court, and Ford Motor Company. The pilot project aims to test the viability of combining Cardano’s blockchain infrastructure with Iagon’s decentralized cloud storage to support secure legal data management systems.

Ford is contributing to the project in an advisory role, drawing on its internal experience managing large-scale legal data operations. The initiative is designed to explore how a hybrid architecture—where sensitive legal documents are encrypted and stored off-chain, and access logs and verification are handled on-chain—might address long-standing issues like fragmented records, inefficient collaboration, and lack of auditability. The project also reflects Cardano’s expanding presence in enterprise environments, with potential applications extending to sectors such as healthcare, finance, and public administration.

Technical Analysis Highlights

  • ADA declined 7.0% from $0.586 to $0.545 during the analysis window, forming a $0.041 range.
  • The steepest intraday move occurred during the analysis window, marked by a 3.2% hourly decline and elevated volume.
  • A high-volume resistance level formed at $0.569, while support was tested at $0.545.
  • Recovery attempts during the 23:00 and 00:00 hours failed to break resistance, despite volume exceeding 60 million ADA.
  • A descending channel with lower highs and lower lows confirmed the bearish structure.
  • Between 06:05 and 06:38, price entered a bullish channel with a sequence of higher lows and higher highs.
  • Resistance emerged at $0.558, and a support zone developed around $0.554.
  • Volume peaked at 2.3 million ADA during the 06:16 candle, supporting a temporary upward move.
  • A modest pullback from $0.558 to $0.556 followed, representing typical post-rally consolidation.
  • Volume declined during the pullback, suggesting weakening selling momentum.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



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Cardano (ADA) Golden Cross Flip Not Close, Here's Reason
Crypto Trends

Cardano (ADA) Golden Cross Flip Not Close, Here’s Reason

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Cardano (ADA) plunged from a peak of $0.6045 down to $0.5630 in the last 24 hours as the asset continues to battle sell pressure. The current technical setup of the asset shows its golden cross flip is far from being close.

ADA price slides as death cross persists

According to CoinMarketCap data, Cardano is currently changing hands at $0.5847, representing a 2.97% decline in the last 24 hours. However, this suggests that ADA has regained some of its losses in earlier trading sessions.

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Notwithstanding, Cardano is witnessing huge selling pressure from holders looking to minimize losses as volatility persists. The asset’s MA Cross technical indicator specifically shows the death cross formation remains, as the 9-day and 21-day moving averages remain wide apart.

Cardano Price Chart | Source: TradingView/CoinMarketCap

In order for the current setup to flip into a golden cross, Cardano must register significant gains to reverse the market’s ongoing sell-off.

Notably, ADA must breach the $0.62 resistance level and stabilize above it to regain its bullish momentum. This looks likely, with trading volume in the green zone having increased by 65.51% to $754.16 million in the last 24 hours.

However, if this volume suffers a sharp decline, Cardano’s quest for a bullish rally might fade as ADA could retest the $0.56 support.

Bullish sentiment grows for Cardano despite technical setback

Despite Cardano’s current price volatility, investors in the broader crypto ecosystem remain bullish on the asset. As per a recent poll by TheBlockchainMedia, 56% of respondents were positive that ADA could post a bullish recovery.

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Interestingly, XRP, one of the other assets in the poll, could only garner 20% of users’ support. This indicates that market participants are anticipating a price rebound for ADA.

This positive sentiment supported Cardano in hitting the 110 million transactions milestone recently as its adoption continues to surge.



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Cardano
Crypto Trends

Cardano Founder Announces $100 Million Bitcoin Buy In Shocking Move To Prop Up ADA Price

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Charles Hoskinson has made an interesting proposal in a bid to boost Cardano’s DeFi ecosystem. The Cardano founder proposed creating a sovereign wealth fund, which could include up to $100 million worth of Bitcoin, potentially sparking an ADA price surge. 

Cardano Founder Proposes Bitcoin Purchase To Boost ADA Price

In a recent podcast, the Cardano founder proposed the conversion of 5% to 10% of the treasury into assets like Bitcoin and stablecoins. Hoskinson suggested that this move is unlikely to negatively impact the ADA price but rather serve as a catalyst for a price surge. This proposal forms part of the move to create a decentralized Sovereign Wealth Fund for Cardano’s DeFi ecosystem. 

Hoskinson further explained that this Sovereign Wealth Fund can be used to generate yields, while they will use the proceeds to purchase more Cardano and boost the ADA price. Over time, he believes they will be able to replenish the ADA, which they initially converted to Bitcoin and other crypto assets. The Cardano founder noted that they could continue this strategy on an annualized basis if it is successful. 

He envisions that over the next five to ten years, they could potentially grow to become a billion-dollar stablecoin and Bitcoin treasury to augment the ADA price in the treasury. The Cardano founder remarked that this sets them up for great returns and a stable floor for the ecosystem. 

Besides boosting the ADA price, Hoskinson also highlighted how this move could put Cardano on par with the likes of Solana and Ethereum. He noted that Ethereum and Solana are ahead in terms of stablecoin-to-TVL ratios, which enables them to lead in decentralized finance (DeFi). However, with this conversion, Cardano could increase DeFi activity on the network and ultimately increase its total value locked (TVL).

Comments On The Proposal

In an X post, a prominent Cardano community member, ‘Cardano Whale’, stated that they cannot support the 140 million sell pressure in current market conditions. The community member is apprehensive about how such a sale could negatively impact the ADA price. However, Cardano Whale acknowledged that this move could strengthen the Cardano DeFi ecosystem “significantly.”

The community member further remarked that such a sale is more appropriate when the ADA price is flying high and has turned, and then everyone has resigned to a new bear market. In response, the Cardano founder stated that the markets are deep, suggesting that such a sale is unlikely to impact the price. 

Charles Hoskinson added that they could convert 140 million ADA over a week or so without moving the market using over-the-counter (OTC) and time-weighted average price (TWAP) strategies. 

At the time of writing, the ADA price is trading at around $0.64, up almost 2% in the last 24 hours, according to data from CoinMarketCap.

ADA trading at $0.64 on the 1D chart | Source: ADAUSDT on Tradingview.com

Featured image from Shutterstock, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Cardano (ADA) No Longer at Risk of Exiting Top 10 Crypto
Crypto Trends

Cardano (ADA) No Longer at Risk of Exiting Top 10 Crypto

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Cardano (ADA) blockchain supporters are excited as sentiment surrounding the altcoin has shown signs of improvement. The ADA cryptocurrency has overcome key resistance and bearish sentiment that surrounded it over the past week.

Cardano price shows resilience

According to CoinMarketCap data, the price of ADA encountered challenges last week. It failed to cross over the $0.68 resistance level. ADA continued consolidating below its moving averages, even dropping to a low of $0.61 on June 5.

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Alongside the slowing momentum, Cardano whales sold over 270 million ADA coins in just a week. This massive sell-off is the act of profit-taking from investors and traders afraid of losing their gains.

As the new week began, the price of ADA showed its strength as a leading market alternative. On Sunday, June 15, the Cardano price traded between $0.63 and $0.64. As of press time, ADA was exchanging hands at $0.645, up 3.1% over the previous day, according to data from CoinMarketCap.

The ADA daily trading volume increased by 25.7% to $471.9 billion. This surge demonstrates investors’ increasing interest in accumulating ADA coins and indicates the asset’s resilience to remain in the top 10 cryptocurrency ranking by market cap.

Why market is shifting for ADA

The latest rally in the ADA price comes amid broader crypto market improvements. Bitcoin (BTC), the flagship cryptocurrency, experienced a daily increase of 1.9%, setting its price at $107,131.

Positive sentiment on the Bitcoin market usually flow to the altcoin market. Hence, ADA now stands as a key beneficiary of this trend.

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Another key factor to note is the improved sentiment surrounding the launch of a potential spot Cardano Exchange-Traded Fund (ETF). Analysts at Bloomberg recently increased the odds of an ADA ETF approval to 75%. 

Besides ETF expectations, the Cardano ecosystem recently recorded key milestones, possibly attracting new users to the blockchain. Specifically, Cardano celebrated over 2,004 active crypto products building on its smart contracts.



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Cardano (ADA) Price Prediction for June 15
Crypto Trends

Cardano (ADA) Price Prediction for June 15

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Even though some coins are in the green zone today, the prices of most cryptocurrencies are falling, according to CoinMarketCap.

Top coins by CoinMarketCap

ADA/USD

The rate of Cardano (ADA) has dropped by 1.10% since yesterday. Over the last week, the price has fallen by 5.46%.

Image by TradingView

On the hourly chart, the price of ADA is rising after a false breakout of the local support of $0.6211.

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If the growth continues to the resistance, one can expect a test of the $0.64 area next week.

Image by TradingView

On the bigger time frame, the picture remains bearish as the rate is near the support level. If a breakout of $0.6104 happens, the accumulated energy might be enough for a move to the $0.58-$0.60 range.

Image by TradingView

From the midterm point of view, there are no reversal signals yet. If a breakout of the interim level of $0.60 happens, traders may witness an ongoing decline to the $0.55 area.

ADA is trading at $0.6295 at press time.



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