Cardano ADA News: Constitution Finalization Leads to Positive Price Movement and Institutional Support

Cardano’s Constitution Could Usher In a New Era In Crypto: Institutions Rally Behind INTL

Cardano fans had a great run in March as the network rolled out several new updates expected to improve ADA’s price performance. Cardano, known for its academic approach and strong theoretical background in crypto, announced the finalization of its Constitution, enhancing governance quality and adoption. This development led to a bullish movement in ADA’s price as investors responded positively.

Charles Hoskinson Calls Out Cardano ‘Ghostchain’ Critics

Charles Hoskinson refused to let the Cardano network become a subject of ridicule and fired back at critics who referred to it as a ‘ghostchain.’ His response came after a publication by Fast Company highlighted rising market manipulation in the crypto industry. The article cited a study by Cornell University which noted that fewer than 500 people generate up to $250 million yearly in profits and over $3.2 trillion in artificial trading. Some crypto projects inflate their numbers to create nonexistent hype, though no specific mentions were made.

Cardano (ADA) Price Prediction For March 23

Amid market uncertainty, Cardano (ADA) has been consolidating in a tight range over the past few days near a crucial level, creating a make-or-break situation. For the past 11 days, ADA has been fluctuating between $0.70 and $0.74, now testing the lower boundary of this range. Besides this consolidation, ADA’s current price is also supported by an ascending trendline that has been intact since the beginning of March 2025. The asset is currently trading NEAR $0.71 and has registered a modest price surge of over 0.50% in the past 24 hours. According to expert technical analysis, ADA is already forming a symmetrical triangle pattern alongside its ongoing consolidation.

Cardano Outshines Visa In Daily Transaction Capacity Through Hydra Protocol

Cardano founder Charles Hoskinson recently revealed IOHK’s plan to establish the network as a pillar of economic, political, and social systems. This ambitious goal necessitates a high transaction throughput, which the Cardano blockchain may achieve thanks to its Hydra protocol. Impressively, Cardano handled 15.5 billion transactions within 24 hours, surpassing Visa’s daily transaction capacity. Visa can process approximately 65,000 transactions per second, highlighting Cardano’s potential to handle transactions on a global scale.