Cardano ADA Faces Treasury Spending Debate Amid Bullish Price Predictions
As Cardano’s ADA experiences a price rally, the community is embroiled in a heated debate over treasury management. With forecasts predicting significant appreciation, concerns over governance and technical hurdles are coming to the forefront.
Cardano’s Treasury Spending Debate Intensifies Amid Price Rally Predictions
Cardano faces mounting scrutiny over its treasury management as community member Big Pey challenges plans to spend 350 million ADA in 2025. The critique centers on immature governance tools and the potential for significant ADA appreciation, with Pey forecasting a $2-$3 price range.
Technical hurdles compound these concerns, with voting platform issues disrupting secure key holder participation. The rushed deployment of a new system has further eroded confidence in governance processes. Treasury sustainability questions emerge as inflation-linked staking rewards prove inadequate for large-scale project funding.
This debate unfolds against a backdrop of growing institutional interest in proof-of-stake protocols. Cardano’s approach to decentralized governance could set precedents for how layer-1 chains manage development war chests during volatile market conditions.
Cardano Surges Past $0.70, Bulls Eye Breakout Toward $0.88 Target
Cardano has breached the $0.70 mark for the first time since March, rallying 11% over the past week. Trading volume spiked 15% to $824.15 million, signaling renewed investor confidence.
The next critical resistance lies at $0.74, with technical indicators suggesting potential for an extended push toward $0.88. Market participants are closely watching for a decisive breakout.
Cardano ETF Approval Odds Surge to 70% Amid Institutional Accumulation
The likelihood of a spot Cardano ETF securing SEC approval by 2025 has skyrocketed to 70%, according to Polymarket data—a stark rise from 20% earlier this year. Institutional players like Grayscale are driving this sentiment shift, with its Digital Large Cap Fund amassing over $11 million in ADA holdings.
Analyst Nala highlighted Grayscale’s strategic pivot toward Cardano, noting the fund’s growing stake as a bullish signal for ADA’s regulatory prospects. The move reflects deepening institutional conviction in Cardano’s blockchain infrastructure and long-term viability.
Cardano (ADA) Price Approaches Key Breakout, Can It Hit $0.88?
Cardano’s ADA is testing a critical resistance level at $0.74, with analysts eyeing a potential surge to $0.88 if the barrier breaks. Bullish momentum builds as the token navigates a descending channel—a breakout above the upper trendline could signal a reversal.
Market sentiment remains cautious, but ADA’s price action suggests growing confidence among traders. The cryptocurrency’s performance at this juncture could set the tone for its medium-term trajectory.
