Cardano ($ADA ): Institutional Momentum but Faces Mixed Signals
#Cardano has drawn institutional attention after being added to Nasdaq's crypto benchmark index alongside $XRP, $SOL, and $XLM. That listing triggered a 68% surge in trading volume and a price rise to about $0.70. ADA is currently trading between $0.63 and $0.70, with $0.70 acting as a critical pivot for both support and resistance.
Internally, the project is exploring bold new financial strategies. Charles Hoskinson has proposed minting a stablecoin, USDM, using $100 million from the treasury to enhance DeFi liquidity and buy back ADA with yields. Yet the token has seen recent losses, and whale holdings are declining. Analysts remain divided, but ADA's blend of institutional access and DeFi potential makes it a strong contender for the best crypto of 2025.