Cardano ADA News: Platform Hits 5.2 Million Wallets Milestone Amid Expanding Network

Cardano, the pioneering blockchain platform, continues to gain traction as it reaches a new milestone with over 5.2 million wallets created on its network. This growth underscores the platform's increasing popularity and the expanding user base of its native cryptocurrency, ADA.

Cardano Reaches 5.2 Million Wallets as Network Expands

Cardano, the innovative blockchain platform, has achieved a significant milestone, with over 5.2 million wallets created on its network as of February 20, 2025. This growth highlights the increasing popularity and expanding user base of Cardano and its native cryptocurrency, ADA. The recent surge in wallet creation, with more than 50,000 new wallets added in the past 30 days, indicates a strong and growing interest in the platform.

Cardano (ADA) Price Prediction for February 22

Cardano (ADA) has remained resilient amid ongoing volatility in the cryptocurrency market. Currently trading around the $0.77 mark, ADA has dropped 3.25% over the last 24 hours but continues to hold above the important $0.74 support level. This level has become pivotal for Cardano’s price action, with traders and investors closely monitoring it to gauge future movements. If ADA successfully holds above $0.74, it might experience a short-term bullish rally, pushing the price up toward $0.85.

Cardano’s Bullish Outlook Hinges on Critical Price Zone

Cardano (ADA) is trading at $0.77 with a 1.08% daily gain. It has held above $0.72, aligning with the 200-day EMA at $0.7296, signaling stability. Technical indicators like MACD crossover and Parabolic SAR suggest weakening selling pressure and a potential rally. Analysts predict a breakout with targets at $1.33, $2.50, and speculation of $5–$6 in this cycle. On February 9, the price dipped to $0.67 before bouncing back, proving that level remains a crucial support zone.

Cardano Price Prediction: Potential 10% Surge Ahead Despite Market Turmoil

Cardano (ADA), the native cryptocurrency of the Cardano blockchain, is currently navigating a critical moment in its price action. While the broader cryptocurrency market has faced turmoil following a massive $1.4 billion hack targeting the ByBit exchange, causing widespread market uncertainty, ADA has shown remarkable stability. The token’s price has held above an essential support level, trading around $0.76 at the time of writing, down 4% from its recent levels. Traders are closely watching whether ADA can continue its upward momentum or if a decline is imminent.