Cardano shows strong momentum that may pave the way for a new breakout

The Cardano network has achieved an important milestone by surpassing 111 million transactions, reflecting the continuous growth of the ecosystem and increasing interaction with decentralized applications. With 2005 active projects and more than 1.33 million delegated wallets, Cardano stands out as one of the most active and stable blockchain networks.

On-chain activity includes staking over 62% of the supply, an increase in smart contract development, and growing interest from developers. Support from the Brave browser for the currency increases its chances of mass adoption.

A close above $0.67 could pave the way for a strong rise towards levels of $0.83 – $0.91, while the currency is currently trading at $0.5732. Market indicators and community support may position Cardano for a significant price jump in the near term.