The market is witnessing a silent yet extremely important shift: major financial institutions are beginning to reduce their focus on Bitcoin and move towards altcoin platforms – especially Cardano.
Why is that? According to insights from experts at Bitwise, the demand for exposure to practical blockchain applications – such as asset tokenization, stablecoins, and DeFi – is far exceeding the scope of Bitcoin. And this is when platforms with smart contracts like Cardano come to the forefront.
Not only stopping at theory, names like BlackRock have quietly accumulated nearly 4 billion USD in ETH. Meanwhile, Franklin Templeton – a massive asset management organization – has chosen to directly engage with Cardano by operating a network node. This demonstrates a high level of trust: not just investing, but 'building' on that platform.
Interestingly, Cardano's price model is currently reflecting a trend similar to Ethereum – both are accumulating around long-term trend lines. If Ethereum can break out of the accumulation triangle, then ADA is very likely to respond similarly, due to the correlation in market sentiment.
The difference lies in the fact that Cardano now has more stable technology compared to a few years ago when smart contracts were still rudimentary. Now, ADA's ecosystem is ready to deploy large-scale applications, and Franklin Templeton is a strong affirmation of that.
The question is no longer 'Does Cardano have potential?', but rather: 'How many more organizations will follow in Franklin Templeton's footsteps?'. And when they join, how much longer will the price of ADA remain at its current low levels?