In the last quarter, Cardano’s Total Value Locked (TVL) experienced a remarkable surge, skyrocketing by 166% to reach unprecedented levels. This surge was driven by increased activity from both new and established protocols within the Cardano ecosystem.

Alongside this surge in TVL, the price of ADA surpassed the 50-day Exponential Moving Average (EMA), signaling strong bullish momentum in the market.
Cardano’s TVL Soars to All-Time Highs
Cardano’s Total Value Locked (TVL) surged by a staggering 166% during the fourth quarter of [insert year], reaching a record-breaking $449 million on December 14th. This remarkable growth, highlighted in the latest Messari report, reflects a substantial 693.4% increase year-over-year, underlining ADA’s burgeoning presence in the decentralized finance (DeFi) market.
The surge in TVL mirrors Cardano’s expanding DeFi ecosystem, with both new protocols like Indigo and established ones such as Minswap contributing to its impressive growth trajectory. Notably, Minswap emerged as the most popular ADA decentralized application (dApp) throughout the quarter, emphasizing the ecosystem’s robustness.
Cardano’s ascent in TVL rankings is evident, with the blockchain network climbing from 34th position early in the year to secure the 11th rank. This significant rise underscores the growing confidence and adoption of Cardano’s DeFi offerings.

Additionally, Cardano’s stablecoin value witnessed a substantial 37% quarter-on-quarter increase and an impressive 647% surge year-over-year. Among the stablecoins, iUSD emerged as a dominant player, further solidifying Cardano’s position in the market.
Cardano (ADA) Surges Alongside Bitcoin Revival
Cardano (ADA) has surged in price, riding the coattails of Bitcoin’s recent revival. At the time of writing, ADA is trading at $0.58, marking a 7% increase on the daily chart and a notable 15% rise on the weekly chart.
This impressive price action has propelled Cardano above the 50-day Exponential Moving Average (EMA), signaling stable bullish momentum. Moreover, this breakthrough suggests a potential continuation of the uptrend for ADA’s price.
Amidst this upward movement, the crucial support level around $0.50 remains pivotal for ADA’s current position. This support level has proven to be a strong rebound area, providing solid backing for the altcoin’s upward momentum.
Looking ahead, Cardano is expected to maintain this support level, bolstering its bullish trajectory as it aims to breach the resistance at $0.60.
Cardano (ADA) Primed for Continued Upswing
Cardano (ADA) remains positioned for further upward movement, supported by indicators signaling an ongoing upward trajectory. The altcoin appears poised to surpass the $0.60 barrier in the near future, indicating potential gains in upcoming trading sessions. Analysts echo this sentiment, foreseeing additional uptrends for ADA, underscoring growing confidence in its short-term outlook.
However, it’s essential for enthusiasts to exercise caution amidst market unpredictability. Cardano’s bullish momentum hinges on maintaining a close above the 50 Exponential Moving Average (EMA). A breach below this EMA could trigger price consolidation or retracement for ADA.
Nevertheless, Cardano exhibits a bullish stance, buoyed by optimistic investor sentiment. The Fear and Greed index reflects market greed, registering at 74. Furthermore, ADA’s recent performance underscores this optimism, with numerous green candles and a nearly 9% increase in the past month.

The expanding Total Value Locked (TVL) and anticipation of forthcoming developments, including smart token standards and a new stablecoin, are poised to enhance Cardano’s ecosystem and DeFi capabilities. These developments are expected to attract more users, fostering stable long-term growth for Cardano.

⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Cardano's #ada

A significant partnership has formed between Huawei Cloud, a global leader in cloud computing, and EMURGO, a founding entity of the Cardano blockchain.
EMURGO made a formal announcement on April 11th, revealing its new partnership with Huawei. The alliance aims to accelerate the development and adoption of Cardano-based Web3 solutions, particularly within the rapidly growing Asian and African markets.
Key Details of the Partnership
EMURGO will establish a Cardano Validator Node on Huawei Cloud, a move that seamlessly integrates Huawei’s robust cloud infrastructure into the Cardano public blockchain network. This integration gives Cardano developers access to Huawei Cloud’s vast computing resources, creating an ideal environment for building innovative Web3 applications.
Huawei will also feature Cardano on its Marketplace, a platform prominent among major businesses. This inclusion grants Cardano increased visibility and potential for enterprise-level adoption. Both companies seek to enhance the overall interoperability and scalability of Cardano’s cloud capabilities through this strategic collaboration.
Statements on the Collaboration
Expressing excitement about the partnership, Ken Kodama, CEO of EMURGO, emphasized the shared objective of furthering Web3 adoption and cultivating trust and transparency within the cloud computing environment.
Huawei Cloud Singapore’s Managing Director, Rex Lei Yang, conveyed similar enthusiasm, noting that the partnership offers access to Cardano’s extensive Web3 developer community.
EMURGO’s Vital Role in Cardano
EMURGO, founded in Japan in 2015, is a founding member of the Cardano protocol and serves as a key driver in its commercial development and expansion. The company fosters strategic partnerships, offers educational programs, supports investments, and builds infrastructure to maximize Cardano’s potential.
Potential Implications and Future Outlook
The collaboration between EMURGO and Huawei marks a pivotal first step, setting the stage for future ventures. It aligns with EMURGO’s broader mission to introduce Cardano into major economies. Huawei Cloud’s established presence and enterprise connections, particularly in Asia and Africa, could pave the way for the widespread adoption of Cardano-based solutions.
The partnership may also encourage other major cloud service providers to explore the benefits of integrating blockchain technology into their offerings. This could lead to a broader industry trend promoting the use of decentralized solutions in the cloud. As the collaboration matures, we can anticipate innovative use cases and projects that leverage the strengths of both Huawei Cloud and the Cardano blockchain.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.

#Cardano's #ADA

Smart contract development on Cardano (ADA) has surged over the past few days, with a 171.45% increase in Plutus scrips since the beginning of the year, evidence of strong interest and commitment to advancing Cardano’s blockchain. This increase could result in growing appeal to developers and users, potentially raising its market value.

With the daily addition of nearly 500 new smart contracts, especially focused on Plutus V2, Cardano demonstrates its ability to constantly adapt and improve. Plutus V2 improves cost efficiency and transaction size, as well as offering developers a more versatile and scalable environment for creating decentralized applications.

However, despite these gains, ADA’s price has only increased by 6% in the last month, and Cardano’s market capitalization has declined, placing it in ninth place among cryptocurrencies. This slow price movement suggests that, although there is technical progress, the market may not be fully appreciating these developments yet.
The increase in network activity, marked by an increase in daily active wallets and a boom in the decentralized finance ecosystem (DeFi), along with being a leader in development activity, highlights the dynamism of the Cardano community.
These factors, coupled with positive indicators such as an improving MVRV ratio and high social volume, indicate that Cardano may be approaching a positive inflection point.

Although ADA’s recent price action has been subdued, historical patterns and analysis of chain metrics suggest a potential shift to an uptrend soon.

Cardano’s popularity and active network development provide a strong case for its long-term viability, despite recent fluctuations in its valuation.

⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Cardano's #ada

Recent discussions within the digital currency community have brought to light concerns over the development status of Hydra, a layer-2 scaling solution for the Cardano blockchain.
Charles Hoskinson, a key figure behind Cardano, has actively addressed these concerns, stating unequivocally that the project has not been discontinued. His clarification came through a message on X, where he labelled the circulating claims as baseless and misleading.
Hydra was unveiled in May 2023 as an initiative to enhance Cardano’s processing capabilities and reduce the cost of transactions. It is integral to Cardano’s “Basho” stage, which focuses on network scalability—a necessary step for accommodating the anticipated growth of the blockchain. 
Speculations about Hydra being sidelined arose after a video posted on March 17 by a content creator suggested a shift in focus following Cardano’s announcement about collaborating with Hyperledger Firefly on March 13.
This collaboration is aimed at providing a comprehensive toolkit for enterprises interested in developing Web3 applications and does not indicate a move away from Hydra.

In his communication to nearly a million followers, Hoskinson assured that the team dedicated to Hydra remains committed and is actively engaging with the Cardano community. He indicated the forthcoming publication of research papers intended to refine and enhance the blockchain’s protocol.
Furthermore, Hoskinson has previously addressed similar unfounded claims, particularly those doubting Cardano’s scalability. He has emphasised that Cardano operates on a transaction-by-transaction basis rather than focusing on transactions per second.
This approach reflects in Hydra’s adaptation, which now includes middleware solutions that facilitate the creation of decentralized applications (DApps) on the Cardano network.
The recent discourse also touched upon Cardano’s association with the digital ID platform World Mobile, and its overall strategy for scaling. Hoskinson expressed his exasperation with the recurrent spread of misleading information, which seems to coincide with periods of heightened scrutiny of Cardano’s roadmap and development potential.

⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.

#Cardano's #ADA

Understanding the Metrics Behind Cardano's Lead
Recent reports highlight Cardano's impressive feat of surpassing Ethereum in GitHub commits, a metric that showcases developer engagement and project development intensity. Between March 11 and 17, Cardano recorded an astonishing 978,780 commits, dwarfing Ethereum's 407,170. This activity, outperforming other Layer-1 blockchains like Avalanche, Litecoin, and Tron, signals a robust pipeline of potential decentralized application (dApp) launches and protocol enhancements. Cardano's GitHub commits were approximately 140.38% more than Ethereum's during the period between March 11 and 17.

The Disconnection Between Developer Activity and Market Performance
Despite this remarkable developer commitment, Cardano's market value tells a different story. The cryptocurrency has been trading below $1 since April 2022, recently marking a price of $0.64 with an 2.2% weekly loss. This disconnection illustrates that while developer activity is crucial for ecosystem growth and security, it does not directly translate into immediate market performance.

Combating FUD with Steady Development
Cardano's ecosystem faced challenges, notably rumors concerning the abandonment of its Layer 2 project, Hydra. Co-founder Charles Hoskinson's refutation of these claims emphasizes the project's ongoing development efforts and highlights the occasional disconnect between market sentiment and the actual technological progress within blockchain projects.
Cardano's DeFi Ecosystem: A Brief Look at TVL Dynamics
Cardano has shown signs of growth in the decentralized finance (DeFi) sector, with a notable increase in total value locked (TVL), peaking at $520 million in March before adjusting to $385 million. This fluctuation in TVL, while indicative of volatility, also points to an active and evolving DeFi ecosystem within Cardano.

Conclusion: A Foundation for Future Growth
#Cardano's surge in GitHub activity, despite the market's undervaluation, underscores a solid foundation for future growth. This discrepancy between developer engagement and market performance highlights the importance of long-term vision in the blockchain space. For investors and enthusiasts alike, Cardano's continued development efforts and resilience in the face of rumors suggest a promising horizon for its technology and applications. The true measure of Cardano's success will likely be seen in the utility and adoption of its developing projects and enhancements, rather than immediate market reactions.
$ADA

Cardano (ADA) has encountered resistance in recent weeks, as its price dipped alongside a broader cryptocurrency market correction. However, analyst Ali Matinez (@ali_charts) remains bullish on ADA’s long-term prospects, reiterating his forecast of a potential surge to $1.7.
ADA has experienced a decline from a monthly high of $0.8011. This drop reflects a cautious market sentiment impacting the entire cryptocurrency industry. Despite the short-term price weakness, Ali believes this consolidation phase aligns with his previous analysis for ADA.
In a recent update, Ali emphasized that his long-term bullish outlook for Cardano remains unchanged. He had previously predicted ADA to consolidate between $0.55 and $0.80, a range the asset has indeed adhered to over the past month. However, ADA recently dipped with the rest of the market, and the digital asset is trading at $0.4992.
However, this could be a short-term setback, and if ADA recovers, it could continue its consolidation as it heads for a massive breakout. Ali expects a breakout from this consolidation zone to trigger significant upside potential for ADA. His short-term target suggests a price point of $1.70.
The $9.5 Target
Underpinning Ali’s optimism is a historical comparison between ADA’s current price movement and its pre-bull run behavior in late 2020. The analyst presented a chart showing an 805-day consolidation period that ended in ADA rising to its all-time high of $3.10 in 2021.
He identifies a similar pattern which began in 2021. ADA is currently in a 532-day consolidation phase and rising. Based on this historical data, Ali anticipates a potential repeat of ADA’s prior trajectory.
Based on a similar percentage increase observed in 2020, his revised forecast suggests weekly candles could propel ADA to $9.51 by December 2024, representing a 2,084.7% surge according to his chart.
Ali has set a higher target than his previous analysis where he predicted a climb to $8. With ADA constantly outperforming expectations, there are questions on whether it could use this surge as a launchpad to double-digit territory.
While Cardano is currently facing headwinds in the broader market correction, Ali stands firm in his optimistic outlook for the asset. Breaking out of the consolidation phase will be a huge moment for Cardano, as this will send it to a new all-time high and re-establish its place as a top player in the crypto market.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Cardano's #ADA

Cardano is currently the most well-known brand in the cryptocurrency space, outperforming even well-known brands like Polkadot and Bitcoin, according to the most recent research by MBLM’s Brand Intimacy Agency, as revealed by Cardano enthusiast, Cardano YOD₳.
The innovative research carefully assesses the strength of the emotional bonds that customers have with brands, placing Cardano at the top and Ethereum, Bitcoin, and Polkadot in that order of descent.
Beyond Market Cap: Brand Intimacy’s Significance
A key component of MBLM’s evaluation is the emotional connection that forges brand intimacy and converts infrequent consumers into ardent supporters. The study’s strict user criteria—which concentrate on people who have interacted with the brand frequently or frequently—highlight the study’s applicability in the rapidly evolving Bitcoin industry.
The study classifies six archetypes—fulfillment, identity, enhancement, ritual, nostalgia, and indulgence—that represent strong brand-user interactions. These archetypes provide insights into how brands enrich and blend into users’ lives, sometimes taking on a life of their own.
In addition, the research explains the three Brand Intimacy Stages—Sharing, Bonding, and Fusing—which illustrate how a user’s relationship with a brand changes over time. With a leading Quotient Score of 52.6, Cardano stands out from the competition. It not only outperforms its counterparts but also changes its dominant archetype from fulfillment in 2022 to indulgence in 2024.
This change reveals a more complex view of Cardano, in which consumers find satisfaction and joy in its strong network, vibrant DeFi ecosystem, and useful apps.
With a Quotient Score of 51.9, however, Bitcoin is more in line with the Ritual archetype, suggesting that it has been ingrained in consumers’ daily lives without reaching the deeper emotional resonance that Cardano demands.
The fact that Bitcoin is linked to transactional acts like “BUY” and “SELL” highlights its function as an investment tool rather than a company that people get deeply, personally attached to.
Previously, ETHNews reported that Cardano (ADA), in addition to excelling in brand intimacy, also led the field in developer activity, surpassing Ethereum (ETH) in terms of committed updates and innovations. For a deeper dive into these developments, a detailed explanation is available in this YouTube video.
Changing Views: Cardano’s Transition to Indulgence
This study suggests that a strong emotional connection with the user base can be just as important as market capitalization, challenging the conventional measure as the ultimate indicator of a brand’s success.
Despite not having the largest market capitalization, Cardano’s dominance in the brand intimacy rankings highlights the critical role that brand affinity plays in fostering a committed and active community.
The EDI Dashboard’s recognition of it as the most decentralized blockchain, together with its ongoing appeal in social media conversations, reflect a community that strongly resonates with Cardano’s values.
This degree of dedication and loyalty is a perfect example of how successful Cardano’s branding approach has been in creating a sense of purpose and community among its supporters, even in the face of speculative interests.
Meanwhile, the price of Cardano native token, ADA, has slumped in the last 24 hours and 7 days, by 1.67% and 11.36%, bringing it to $0,6224.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.

#Cardano's #ADA