TLDR
- Cardano (ADA) has surged 4.78% in 24 hours, trading at $0.7651 with $1.5B trading volume
- The Plomin Hard Fork introduced total decentralized governance, attracting institutional investors
- Grayscale allocated 20% of a diversified crypto fund to ADA, showing institutional confidence
- EMURGO’s partnership with Ctrl Wallet connects Cardano to over 2,300 blockchains
- ADA experienced an 80% price increase in July before a 25% correction from its monthly high
Cardano (ADA) is showing strong bullish momentum in early August 2025, with the cryptocurrency trading at $0.7651 and experiencing a 4.78% price increase in the past 24 hours. Trading volume has reached $1.50 billion, with a market cap of $27.24 billion. This upward movement comes after a series of developments that have strengthened the project’s fundamentals.
The main catalyst behind Cardano’s recent price action is the Plomin Hard Fork, a major upgrade that introduced complete decentralized governance to the network. This historic milestone stays true to Cardano’s long-standing commitment to community-driven decision making and has revitalized its ecosystem.
The upgrade has caught the attention of major institutional players. Grayscale, the largest digital asset manager in the cryptocurrency space, has allocated 20% of one of its diversified crypto funds to ADA. This move represents a strong vote of confidence in Cardano’s long-term value proposition and has helped drive positive market sentiment.
On July 2, 2025, EMURGO formed a strategic partnership with Ctrl Wallet. This collaboration enhances Cardano’s interoperability by connecting it with more than 2,300 blockchains. The deal represents a major advancement in connectivity and expands potential use cases for the ADA token.
Market Performance and Technical Analysis
July was an exceptional month for Cardano, with ADA recording an impressive 80% price increase from $0.55 to $0.92. This remarkable performance coincided with Bitcoin reaching a new all-time high of $123,231, which provided a boost to the entire altcoin market.
However, the end of July saw increasing selling pressure for ADA. By August 2, the price had dropped to below $0.69, representing a 25% decline from its monthly high. Despite this correction, Cardano maintained its position above the 200-day exponential moving average (EMA).
Currently, ADA is stabilizing between its 20-day and 50-day EMA ranges. Technical analysts suggest that a convincing close above the $0.75 level could set the stage for a retest of the $0.92 mark. In a more optimistic scenario, price targets of $1.10 and even $1.32 appear within reach during August.
The downside risk remains present. A drop below the $0.70-$0.69 support zone could trigger further losses, potentially pushing ADA down to $0.65 or even $0.55, the level from which the latest surge began.
Future Developments Driving Value
Cardano’s future growth isn’t solely tied to governance improvements. The project is making strides in private functionality and scalability as well. The Midnight chain, a privacy-oriented sidechain, is gaining traction within the ecosystem. At the same time, Bitcoin DeFi protocol integrations are creating new use cases for ADA token holders.
Here are mine and @EricBalchunas' most recent odds on spot crypto ETF approvals by the end of 2025. We expect a wave of new ETFs in this second half of 2025. pic.twitter.com/H3pxJhqMy3
— James Seyffart (@JSeyff) June 30, 2025
The investment community is taking notice of these developments. Bloomberg analysts have recently increased their probability assessment for approval of a spot ADA ETF. If approved, this could open the door to substantially larger institutional investment flows into Cardano.
Major industry participants including IOHK and EMURGO continue to push the boundaries of the ecosystem through strategic partnerships and technological advancements. These efforts are helping to position Cardano competitively in the evolving blockchain landscape.
The recent price action and fundamental developments have sparked speculation within the community about whether ADA could lead an altcoin surge and potentially reach new all-time highs in the coming months. While short-term price movements remain subject to market volatility, the long-term outlook appears positive based on technical indicators and ongoing project development.
The current trading price of $0.7651 represents a key level as ADA attempts to establish support above $0.75, which could serve as a springboard for future gains if market conditions remain favorable.
