Cardano

bullish

DeFi

Bitcoin

<p>The crypto market is riding high, thanks to Bitcoin's (BTC) recent price surge above $82k, marking a new milestone. In this thriving market, Cardano (ADA), a leading layer-one blockchain, has emerged as one of the top performers. </p>   
<p>After a massive 79% rally last week, ADA has bounced back from a support level above 32 cents, positioning it for a potential major bull run—especially if Bitcoin dominance continues to weaken.</p>   
<p>Cardano's performance is gaining attention. Here's what you should know. </p>   
<h2 class="wp-block-heading" id="h-ada-set-for-a-price-surge">ADA Set for a Price Surge? </h2>   
<p>Cardano with a fully diluted market cap of about $26.6 billion and over $5 billion in daily trading volume, has shown solid price action. ADA has recently closed above the weekly 50 Moving Average (MA), signaling strength. Furthermore, the ADA/BTC pair has seen a notable rebound from its multi-year lows, which suggests ADA could be on the verge of a significant price surge.</p>   
<p><strong>Cardano’s Growth as a Web3 Ecosystem</strong></p>   
<p>Under the leadership of co-founder Charles Hoskinson, Cardano has evolved into a significant force in the Web3 space. The network now boasts more than $353 million in total value locked (TVL), a strong indicator of the growing DeFi ecosystem on Cardano. This expansion is largely due to efforts to make the network more decentralized, including the introduction of on-chain governance. </p>   
<p>A key step in this process was the recent launch of Node 10.1.1, which sets the stage for the Chang 2 hard fork. This update will enable Cardano to fully implement on-chain governance.</p>   
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<h2 class="wp-block-heading" id="h-no-more-zombie-mode">No More "Zombie Mode" </h2>   
<p>As reported by Coinpedia, Cardano has emerged from a period of stagnation, often called "zombie mode," especially after Charles Hoskinson’s announcement that he would join Donald Trump’s crypto advisory team. </p>   
<p>This collaboration aims to help bring regulatory clarity to the crypto market, which could boost Cardano's influence even further.</p>   
<h2 class="wp-block-heading" id="h-joining-hands-for-european-crypto-regulations">Joining Hands for European Crypto Regulations</h2>   
<p>In a major development today, the Cardano Foundation revealed a partnership with Lawside and STADLER VÖLKEL to develop a whitepaper template for the European Union’s Markets in Crypto-Assets (MiCA) regulation. This partnership is crucial because MiCA requires every DeFi project targeting the European market to publish a whitepaper. </p>   
<p>This document must disclose important information such as the crypto asset's purpose, underlying technology, risks, functionality, and the issuer's details.</p>   
<p><strong>With every passing day, Cardano is inching closer to its full potential, and the future looks brighter than ever.</strong></p>

Cardano News Today: ADA Eyes Major Bull Run After 79% Rally

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