Cardano (ADA) gains bullish momentum after the Plomin Hard Fork, introducing full decentralized governance and drawing in Grayscale investment.

Cardano (ADA) surges 5.76% in 24 hours, trading at $0.769 with rising institutional interest and $1.5B volume.

EMURGO’s Ctrl Wallet deal enhances Cardano’s interoperability, connecting it with over 2,300 blockchains.

Cardano’s 2025 prediction keeps surging along as Q3 gets underway with market optimism. The month of July’s performance, along with growing institutional interest, has once again pushed ADA into focus. The most significant factor accountable for this surge remains the Plomin Hard Fork that introduced total decentralized governance this year.

At the time of reporting, Cardano (ADA) is trading at $0.7651, with a 24-hour trading volume amounting to $1.50 billion and possessing a market cap worth $27.24 billion. The token has experienced an upward surge of 4.78% over the past 24 hours, indicating bullish momentum.

Cardano Gains Institutional Backing After Plomin Upgrade

The Plomin Hard Fork was historic for Cardano, reaffirming its longstanding tradition of community governance and decentralized decisions. The upgrade has revitalized Cardano’s in-built ecosystem, attracting big players in the field of crypto investments.

Grayscale, the largest digital asset manager, in particular, dedicated 20% of one of its diversified crypto funds to ADA, reflecting institutional support for the long-term value of the project. Concurrently, major industry participants like IOHK and EMURGO keep pushing the edge of the ecosystem with partnerships and technological upgrades.

One of the most significant steps was made on 2nd July 2025, when EMURGO partnered with Ctrl Wallet, supporting Cardano’s interoperability with over 2,300 blockchains, a giant step toward increased connectivity as well as use-case potential.

Cardano Eyes New Highs Amid DeFi and ETF Surge

Cardano’s future isn’t just tied to governance, but innovation in private functionality and scalability. The Midnight chain, as it continues its traction as a private-oriented sidechain, is gaining steam, while Bitcoin DeFi protocol integrations create new use cases for holders of the ADA token.

In the meantime, the wider investment world takes note. Bloomberg analysts recently increased the likelihood of an approval for a spot ADA ETF, possibly clearing the way for still larger institutional flows. Along with favorable technical indications, investor optimism seems to be rising fast.

It’s causing community members everywhere to wonder: Will ADA spearhead the altcoin surge? Will ADA hit new all-time highs in 2050?

Also Read | Cardano (ADA) Price Prediction: Can an ADA Breakout Lead to $1.30?

Cardano Surges 80% in July, But Volatility Looms

ADA emerged from a prolonged downtrend in July, registering an 80% rise from $0.55 to $0.92, the coin’s best run in months. The surge came about around the time Bitcoin touched an all-new high of $123,231, giving the whole altcoin sector a new boost.

But by the month-end in July, ADA experienced rising selling pressure. On August 2nd, the price had fallen to less than $0.69, 25% off its monthly high.

Despite this adjustment, Cardano’s breakdown of the falling wedge chart pattern remains, but the price still holds its 200-day EMA. Nonetheless, ADA has been stabilizing in its 20-day and 50-day EMA ranges, but it has not made short-term gains.

If ADA closes convincingly above $0.75, it could lay the foundation for a test of $0.92. In an optimistic longer-range scenario, targets of $1.10, even $1.32, are within reach during August.

However, the downside remains an issue. A decline below the $0.70–$0.69 support area could herald losses, with potential falls into $0.65 or $0.55, the latter the level that caused ADA’s latest surge.

Also Read | Cardano’s Bold Move: 73.93% Vote Backs First Community-Funded Roadmap

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Filed under: Bitcoin - @ August 7, 2025 4:30 pm