\n<\/p>\n
TL;DR<\/strong><\/p>\n Cardano\u2019s native token was at the forefront of gains in mid-July, <\/span>soaring to as<\/span> high <\/span>as<\/span> $0.93.<\/span> Since then, though, it has been on a downtrend and currently trades at around $0.74 (per CoinGecko\u2019s data).<\/span><\/p>\n The popular X user Ali Martinez recently <\/span>argued<\/span><\/a> that ADA could witness another <\/span>major<\/span> uptick and rally to an eight-month peak of $1.30. According to the analyst, however, the necessary condition for this potential explosion is a breakout above $0.84.<\/span><\/p>\n CryptoBullet \u2013 an X user with over 170,000 followers on the social media platform \u2013 is also bullish, <\/span>envisioning<\/span><\/a> a possible spike beyond $1.60.\u00a0<\/span><\/p>\n For their part, TapTools <\/span>noted<\/span><\/a> a resemblance between the current ADA\/BTC chart and the one witnessed before the bull cycle in 2021. That said, they expect a <\/span>major<\/span> rally in the following months.\u00a0<\/span><\/p>\n Other popular figures who have touched upon the matter recently include Hardy and Smith. The former <\/span>believes<\/span><\/a> that those who hold ADA are \u201cgolden\u201d because the bull run has not yet started. <\/span><\/p>\n Last week, Smith spotted the formation of a \u201cmonstrous cup and handle\u201d on the asset\u2019s price chart, which could be a precursor of a massive pump. The analyst thinks the valuation could hit a new all-time high above $4 once it surpasses the breakout target of $0.92.<\/span><\/p>\n Just a few days ago, Input Output Global, the core development team behind the Cardano blockchain, <\/span>received<\/span><\/a> a funding green light for its protocol roadmap proposal. The sum equals around $71 million worth of ADA and will <\/span>be taken<\/span> from the Cardano treasury.\u00a0<\/span><\/p>\n The initiative gained significant approval, with 74% casting a \u201cyes\u201d vote. Tim Harrison, EVP Community & Ecosystem at Input Output, described this as \u201ca milestone moment\u201d for the blockchain protocol and noted that this is the first time such a development will be funded directly by the community.<\/span><\/p>\n \u201cThis vote of confidence empowers us to move forward with full transparency, shared responsibility, and a renewed commitment to building an open, resilient ecosystem,\u201d Harrison added.<\/span><\/p>\n<\/blockquote>\n The capital will <\/span>be used<\/span> to support the implementation of <\/span>major<\/span> upgrades, including boosting network throughput without compromising security or decentralization, enhancing the Hydra layer-2 solution, laying the technical groundwork for more advanced smart contracts, and other improvements.<\/span><\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n\n
<\/a><\/span><\/h2>\n
The Bullish Targets<\/h2>\n
The Multi-Million Approval<\/span><\/h2>\n
\n
\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\n
![<\/a><\/span><\/h2>\nThe Bullish Targets<\/h2>\nCardano\u2019s native token was at the forefront of gains in mid-July, <\/span>soaring to as<\/span> high <\/span>as<\/span> $0.93.<\/span> Since then, though, it has been on a downtrend and currently trades at around $0.74 (per CoinGecko\u2019s data).<\/span><\/p>\nThe popular X user Ali Martinez recently <\/span>argued<\/span><\/a> that ADA could witness another <\/span>major<\/span> uptick and rally to an eight-month peak of $1.30. According to the analyst, however, the necessary condition for this potential explosion is a breakout above $0.84.<\/span><\/p>\nCryptoBullet \u2013 an X user with over 170,000 followers on the social media platform \u2013 is also bullish, <\/span>envisioning<\/span><\/a> a possible spike beyond $1.60.\u00a0<\/span><\/p>\nFor their part, TapTools <\/span>noted<\/span><\/a> a resemblance between the current ADA\/BTC chart and the one witnessed before the bull cycle in 2021. That said, they expect a <\/span>major<\/span> rally in the following months.\u00a0<\/span><\/p>\nOther popular figures who have touched upon the matter recently include Hardy and Smith. The former <\/span>believes<\/span><\/a> that those who hold ADA are \u201cgolden\u201d because the bull run has not yet started. <\/span><\/p>\nLast week, Smith spotted the formation of a \u201cmonstrous cup and handle\u201d on the asset\u2019s price chart, which could be a precursor of a massive pump. The analyst thinks the valuation could hit a new all-time high above $4 once it surpasses the breakout target of $0.92.<\/span><\/p>\nThe Multi-Million Approval<\/span><\/h2>\nJust a few days ago, Input Output Global, the core development team behind the Cardano blockchain, <\/span>received<\/span><\/a> a funding green light for its protocol roadmap proposal. The sum equals around $71 million worth of ADA and will <\/span>be taken<\/span> from the Cardano treasury.\u00a0<\/span><\/p>\nThe initiative gained significant approval, with 74% casting a \u201cyes\u201d vote. Tim Harrison, EVP Community & Ecosystem at Input Output, described this as \u201ca milestone moment\u201d for the blockchain protocol and noted that this is the first time such a development will be funded directly by the community.<\/span><\/p>\n\n\u201cThis vote of confidence empowers us to move forward with full transparency, shared responsibility, and a renewed commitment to building an open, resilient ecosystem,\u201d Harrison added.<\/span><\/p>\n<\/blockquote>\nThe capital will <\/span>be used<\/span> to support the implementation of <\/span>major<\/span> upgrades, including boosting network throughput without compromising security or decentralization, enhancing the Hydra layer-2 solution, laying the technical groundwork for more advanced smart contracts, and other improvements.<\/span><\/p>\n\nSPECIAL OFFER (Sponsored)<\/span><\/center>\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\nLIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n<\/p><\/div>\n\nSource link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"TL;DR Analysts predict ADA could surge to $1.30, $1.60, or even a new all-time high above $4, depending…\n","protected":false},"author":2,"featured_media":35006,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"post-35005","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto","8":"cs-entry","9":"cs-video-wrap"},"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/35005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35005"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/35005\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/35006"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/ADA_CB-21.jpg\"){kind=link}