Here are the latest updates on Cardano (ADA) as of Saturday, May 17, 2025:

💰 Current price of ADA

Cardano (ADA) is currently trading at a price range of $0.76 to $0.78, with a daily trading volume of approximately $770 million. The market capitalization of the coin is around $26.9 billion, placing it ninth among cryptocurrencies in terms of market cap.

📈 Recent performance

ADA has seen a 22% increase over the past week, supported by its integration with the Brave browser, exposing it to over 86 million new users.

Despite this rise, analysts have noted a bearish divergence in technical indicators, which may suggest a potential price correction soon.

🔧 Technical and community developments

Cardano founder Charles Hoskinson announced the "Midnight" initiative aimed at fostering collaboration with other networks like XRP, instead of competing with them.

Recently, 68.7 million ADA was transferred from Coinbase, sparking speculation about significant movements by large investors.

🔮 Future predictions

Some analysts expect the price of ADA to reach $1.20 in the near future, driven by technical momentum and increasing institutional interest.

Would you like to know more about how to buy ADA or how to store it securely?

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