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– ADA trading below key moving averages, near $0.35 support – Large holders reducing exposure amid declining risk appetite – Charles Hoskinson emphasizes infrastructure over short-term price – Post-quantum cryptography upgrades cautioned against for performance reasons – Cardano-based DEXes seen as undervalued with potential growth – Ecosystem development contrasted with muted market sentiment
Cardano (ADA) is experiencing a phase marked by low price movement and debate over its future value. Currently trading under pressure around the mid-$0.30 range, founder Charles Hoskinson has shifted focus from short-term prices to long-term structural growth in decentralized finance (DeFi) and security.
Key Points:
- ADA's price remains weak, consolidating below $0.37 due to selling pressure and reduced risk appetite in the altcoin market.
- On-chain data indicates large holders are reducing ADA exposure, with short positions outnumbering longs.
- The critical support level is identified at $0.35, with potential declines towards $0.27–$0.30 if sentiment worsens.
Long-Term Focus on Security and Infrastructure
- Hoskinson emphasizes patience with post-quantum cryptography upgrades, warning against premature deployment that could hinder scalability.
- Readiness for such upgrades depends on hardware capabilities and network economics.
Opportunities in DeFi
- Hoskinson notes a valuation disconnect in Cardano’s DeFi sector, particularly in decentralized exchanges (DEXes).
- Lack of deep liquidity and reliable settlement assets hampers DEX competitiveness.
- Stablecoins and cross-chain bridges are crucial for future growth, suggesting current conditions are ripe for accumulation.
The market narrative for Cardano is split: ADA’s price reflects caution, while ecosystem developments hint at future potential. The narrowing of this divergence depends on converting infrastructure progress into sustained activity.
