Cardano ADA/USD is up over 13% in the past 24 hours, driven by renewed market enthusiasm after co-founder Charles Hoskinson expressed confidence in the platform's future.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Cardano ADA/USD | $0.9675 | $33.99 billion | +13.7% | +10.9% |
| TRON TRX/USD | $0.2617 | $22.6 billion | +3.3% | +3.8% |
| XRP XRP/USD | $2.40 | $138 billion | +12.7% | +9.8% |
Trader Notes: Crypto analyst Ali Martinez on Thursday flagged a buy signal on ADA's daily chart, pointing to potential further gains.
Castillo Trading described Cardano's chart as “pretty clean,” highlighting a breakout above resistance. Castillo anticipates further upward movement following a retest of support levels.
Statistics: IntoTheBlock data shows Cardano whale transactions narrowed by 8.2% to $7.5 billion, while daily active addressed inched down by 0.08%. Transactions greater than $100,000 dropped from 709 to 613 in a single day.
Around 63% of Cardano holders remain in profit. Coinglass data shows open interest having spiked 20% in a single day to $747.5 million. Cardano derivatives trading volume surged 129.4%.
Community News: In a post on X on Dec. 31, Hoskinson emphasized Cardano's ongoing advancements, including Bitcoin DeFi integration, Midnight (a privacy-focused blockchain), partner chains, DApp upgrades and the enigmatic "fire rises" feature.
In another post on Jan. 1, Hoskinson reflected on his decade-long commitment to Cardano, acknowledging past missteps while emphasizing adherence to the roadmap. The blockchain is transitioning into the “Age of Voltaire,” which aims to achieve full decentralization and empower the community to govern the network.
Key developments in the Voltaire era include self-sustainability through governance mechanisms like budgeting and constitutional approvals. Hoskinson pledged to oversee these processes to ensure community-driven progress.
Despite past challenges, Hoskinson remains confident in the value of perseverance, hard work, and Cardano’s potential. The platform's growing capabilities could set the stage for a standout performance in 2025.
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