The post Cardano News: What Franklin Templeton Operating Nodes Means For ADA Price appeared on BitcoinEthereumNews.com.

Franklin Templeton, with assets worth $1.6 trillion, actively runs Cardano nodes as institutional demand for altcoins picks up. The latest Cardano news positions ADA for prospective price activity as the blockchain network secures corporate support. Cardano News: Franklin Templeton Gains Attention With This Move Franklin Templeton’s move into operating Cardano nodes is a mainstream institutional embrace of blockchain. The global asset manager is taking part in the securing of the Cardano network in its wider blockchain infrastructure strategy. Cardano Foundation CEO Frederick Gugard openly confirmed Franklin Templeton’s involvement through LinkedIn acknowledgments. That extent of involvement extends beyond passive investment into active networking interaction. Source: Dan Gambardello X post The move is timely with institutional demand for altcoins beyond Bitcoin on the rise. Institutional investors seek to get exposure to blockchain applications, including stablecoins and tokenization functionality beyond Bitcoin’s initial applications, Bitwise officials state. This need, in the view of analyst Dan Gambardello, opens the door to platforms such as Cardano that offer smart contract functionality. Other Cardano news is that MBX, a Norwegian centralized exchange, is the first publicly listed Bitcoin treasury company in Norway to join Cardano’s ecosystem. These top Cardano news nnouncements reveal two trends: institutions moving into altcoin markets and centralized exchanges leveraging Cardano’s secure network for Bitcoin-related innovations. ADA Price Analysis Shows Consolidation Pattern After 300% Rally ADA price action shows consolidation after a massive 300% rally from October lows around some 36 cents. Trading indicators suggest that Cardano is oscillating around key support levels that can play a pivotal role in directing the next movement of the cryptocurrency. The weekly chart shows ADA crossing the 200-week moving average, a key indicator for sustaining the bull market. Price action is presently trading at 64-66 cents, and market analysts observe whether Cardano sustains support above the 50-week…

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Filed under: News - @ June 6, 2025 1:30 am