- Cardano surged past $0.80 after ratifying its first Constitution and witnessing a 22.4% TVL increase.
- Cardano network growth, fueled by strong governance and rising DeFi activity, signals bullish market momentum.
Cardano (ADA) just hit a major milestone. The network’s first-ever Constitution passed with an impressive 85% approval from around 1,800 participants across 50 countries. This move sets the stage for decentralized governance, giving ADA holders direct decision-making power. The Constitution officially takes effect on February 23, 2025. Founder Charles Hoskinson called this achievement monumental, stating, “Cardano is basically a government, a living thing.” This shift toward transparency and accountability has fueled strong market sentiment.
Network Growth Metrics Boost Confidence
Cardano’s network metrics tell a story of rapid growth. The Total Value Locked (TVL) surged 22.4% in just eight days, jumping from $313.6 million to $383.7 million. Meanwhile, the network’s market capitalization soared 127% in Q4 2024, reaching $30.3 billion. Transaction activity also exploded, with daily counts up by 65% to 71.5 million. Monthly transaction fees rose 254%, totaling $1.8 million. Major DeFi protocols like Splash Protocol, LenFi, and Indigo have significantly expanded, adding to the platform’s appeal.
Cardano Price Analysis: Bullish Signals Strengthen
ADA’s price has shown a strong recovery pattern. Since January 17, 2025, the token formed a V-shaped rebound, a classic bullish indicator. Cardano now trades above $0.80, with critical resistance levels between $0.90 and $0.98 where the 50-day and 100-day Simple Moving Averages (SMAs) converge. The Relative Strength Index (RSI) climbed from an oversold 25 to 46, signaling growing positive momentum. Open interest also increased by 17% to $710 million, reflecting rising trader confidence.
Price Predictions: Can ADA Sustain Its Momentum?
Market analysts remain divided on ADA’s future price action. Short-term resistance may hold around $0.90-$0.94. However, some long-term forecasts are highly optimistic. Analyst Tim Warren predicts ADA could surge to $7.00 if the blockchain gains adoption for U.S. government expenditure tracking. Sustaining the current uptrend will depend on investor support at present levels and the network’s continued focus on regulatory compliance.
Cardano’s constitutional ratification and surging TVL have positioned ADA for potential long-term growth. With strong fundamentals, increased network activity, and rising market confidence, ADA might continue its upward trajectory. Investors should watch key resistance zones and monitor how Cardano’s governance evolution unfolds.
