$ADA

Cardano (ADA) is currently trading at $0.63-$0.64, with a 2% increase from its previous day's price. Its market capitalization stands at approximately $22.46 billion, with a circulating supply of 35 billion ADA tokens. Here are some key metrics :

- *Market Performance:*

- 24-hour trading volume: $765.60 million

- 7-day trading volume: $5.31 billion

- Year-to-date (YTD) performance: down 26%

- *Price Action:*

- Recent price range: $0.654-$0.707

- All-time high: $3.10 (reached on September 2, 2021)

- *Technical Indicators:*

- Short-term outlook: bearish

- Buyer ratio: 78%

- *Development and Ecosystem:*

- Cardano's DeFi ecosystem is facing challenges due to limited stablecoin liquidity

- Charles Hoskinson proposes converting 140 million ADA to stablecoins to boost liquidity

- Cardano has surpassed 110 million total transactions, showcasing strong network fundamentals

Despite facing some challenges, Cardano's inclusion in Nasdaq's revamped Crypto US Settlement Price Index signals growing institutional recognition. Analysts have mixed views on Cardano's potential rebound in the second half of 2025, citing weak volume, stalled momentum, and cautious whale activity.