Cardano Surges Past $0.80 as Constitutional Ratification and 22% TVL Growth Fuel Rally
With the acceptance of its first-ever Constitution, Cardano (ADA) has reached a major turning point on its path toward distributed governance, therefore fostering good market mood and network expansion. ADA/USD‘s upward momentum coincides with the ratification of its first constitution and a significant increase in Total Value Locked (TVL).
Cardano’s Constitutional Ratification: A New Era of Governance
Set to take effect on February 23, 2025, the recently approved Cardano Constitution lays a thorough governance structure that gives ADA holders direct decision-making power. The community gave the ratification process an amazing 85% approval percentage, above the necessary 75%. Following around 1,800 participants from 50 countries, this development follows great community involvement.
Said the Cardano groundwork, “this milestone sets the foundation for onchain governance, ensuring clear rules, transparency, and accountability in decision-making.” Emphasizing the relevance of this breakthrough, founder Charles Hoskinson said, “Cardano is basically a government, a living thing.”
Cardano Network Metrics Signal Strong Growth
The basic measures of the platform have demonstrated amazing development:
- In just eight days, Total Value Locked (TVL) has jumped 22.4% and now stands $383.7 million from $313.6 million.
- The market capitalization of the network rose 127% in Q4 2024 to $30.3 billion.
- Daily transaction count increased by 65% to 71,500,000.
- Monthly transaction costs climbed 254% to reach $1.8 million.
- Especially Splash Protocol, lenFi, and Indigo, DeFi protocols have witnessed notable expansion.
ADA/USD Technical Analysis Points to Bullish Momentum
The market structure points to a maybe notable upward trend:
- Typically a positive indication, ADA’s price action has created a V-shaped recovery pattern from January 17, 2025.
- Fundamental Resistance Levels: Between $0.90 and $0.98, the token falls in a critical supply-demand zone where the 50-day and 100-day SMAs converge.
- RSA Recovery: From oversold conditions at 25 to 46, the Relative Strength Index has show rising optimistic momentum.
- Free Interest: An increase in open interest of 17% for $710 million points to rising trader confidence.
Cardano Price Prediction
Future performance of ADA is projected differently by market analysts. While more hopeful long-term projections, such those by analyst Tim Warren, anticipate possible growth to $7.00 should the blockchain secure adoption for U.S. government expenditure tracking, some technical analysts suggest immediate resistance levels between $0.90-$0.94.
Strong foundations and technological indicators along with the network’s continuous emphasis on regulatory compliance and governance help Cardano to be positioned for any future expansion. Maintaining the positive trend depends on investors keeping present support levels, though.
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