Recent news about Cardano: Cardano approves $71 million in development funding. Can ADA break through $1?

As of August 13, 2025, according to Gate market data, the price of Cardano (ADA) fluctuates around $0.87, rising 12.28% in the past 24 hours. Despite short-term pressure, ecological development and technical indicators show potential breakthrough momentum. This article consolidates the latest dynamics and market forecasts, analyzing the future path of ADA.

##Core Updates on Cardano

1. Community Governance Milestone: On August 3rd, the Cardano community passed a core protocol upgrade funding proposal of 96 million ADA (approximately 71 million USD) with a support rate of 74%. This funding will be used for 12 months of development, focusing on enhancing network scalability, interoperability, and developer tools, marking a new phase of community autonomy.
2. Explosive Growth of Smart Contracts: The number of mainnet smart contracts has surpassed 300,000, growing by 373.28% in three years. Nearly 100,000 contracts were added in 2024 alone, with Plutus V2 scripts becoming the main force, reflecting the accelerated maturity of the development ecosystem.
3. Continuous implementation of technical upgrades: Following the introduction of smart contracts with the Alonzo hard fork, the Vasil hard fork in 2022 further optimized development efficiency. Community funds will support the development of new tools such as the Midnight sidechain, paving the way for ecological applications.

##ADA Price Trends and Technical Analysis

• Current status: ADA broke through the 0.80 USD resistance level on August 9, reaching a high of 0.885 USD, and is currently slightly retreating to around 0.87 USD.
• Key Indicators:
  • RSI neutral (53.6), not in overbought or oversold range;
  • Price stabilizes above the short-term moving averages (7-day/25-day/99-day moving averages);
  • The derivatives market's open interest reached $1.44 billion, setting a recent high, indicating increased trader activity.
• Support and Resistance:
  • Support level: $0.80 (psychological barrier) → $0.76 (dense area of moving averages);
  • Resistance level: 0.86 – 0.88 USD → 0.94 USD (after breaking through or challenging 1 USD).

##ADA Price Prediction: Short-term Fluctuation and Long-term Vision

Short Term (August - December 2025)

• Optimistic scenario: If it breaks through the resistance at $0.88, the target by the end of October is expected to be $1.24 (a rise of 61% from the current price).
• Conservative expectation: Year-end range of 0.85 – 1.70 USD, technical pattern shows an ascending flag breakout structure, MACD indicates mild bullish.

long-term (2030 – 2050)

• Year 2030: 5 – 7 USD (assuming institutions adopt rapidly, expanding into education, finance, and other fields);
• Year 2050: 30 – 50 USD (requires conditions such as global scalable application, regulatory support, and technological leadership).

##Risk and Opportunity Assessment

bullish factors

• Community funds promote the virtuous cycle of development ecology;
• Historical retracement of 73% is close to the bottoming range, accumulation signals are emerging;
• The funding rate for derivatives is neutral, reducing the risk of leveraged liquidation.

potential risks

• Regulatory uncertainty (especially DeFi and governance tokens);
• Competitive pressure (Ethereum, Solana and other chains siphoning off developers);
• Macroeconomic market fluctuation (Bitcoin volatility transmission to altcoins).

##Conclusion: Technical upgrades may become a breakthrough catalyst Cardano is transforming from an "academic chain" to an "application chain," with $71 million in community funding and 300,000 smart contracts validating its ecological vitality. If it can hold the $0.80 support in the short term, it is expected to test the $1 mark under upgrade expectations; in the long term, the adoption rate and competitive landscape need to be observed. Investors should pay attention to layout opportunities in the $0.76 – $0.80 range, but should be wary of systemic risks from market corrections.