Cardano ADA: Whales Accumulate as $1.00 Price Target Looms in August
Cardano (ADA) is showing strong bullish signals, with its price currently trading at $0.7283, marking a 0.37% intraday gain. The cryptocurrency has been consolidating near key support levels, following a 7-month falling wedge breakout in July. Analysts are optimistic about ADA's potential to reach $1.00 in August, as the ascending channel formed since April suggests a phase of reaccumulation. Whales appear to be buying the dip, indicating confidence in ADA's long-term growth. This article delves into the technical patterns and market dynamics driving Cardano's upward trajectory.
Whales Bought The Dip: Is Cardano Price Set For $1.00 In August?
Cardano's price action has shifted bullish, with technical patterns signaling long-term optimism. ADA currently trades at $0.7283, up 0.37% intraday, as it consolidates NEAR key support levels. The 7-month falling wedge breakout in July and subsequent pullback suggest a strategic reload phase before the next upward move.
The ascending channel formed since April indicates strong reaccumulation potential at current levels. A rebound from this zone could propel ADA toward July's $0.92 peak or beyond $1.00, according to technical forecasts. Market watchers note improving on-chain metrics and whale accumulation as positive catalysts for the coming weeks.
Cardano Founder Declares ADA Staking Not a Security Following SEC Guidance
Charles Hoskinson, founder of Cardano's development arm Input Output, has emphatically stated that ADA staking does not qualify as a security. This declaration comes in response to recent guidance from the SEC's Division of Corporation Finance regarding liquid staking activities.
The SEC division clarified that liquid staking—where users stake crypto through service providers and receive tradable receipts—does not constitute a securities offering. Hoskinson's reaction, accompanied by a laughing GIF, underscores Cardano's alignment with this regulatory interpretation.
Cardano's native staking model, integrated into its consensus layer, allows ADA holders to earn rewards by delegating tokens to network validators. The process deliberately avoids meeting key criteria of the Howey Test, the legal benchmark for securities classification.
Cardano (ADA) Surges to $1.50 in 2025 Amid Smart Contract Expansion
Cardano (ADA) has emerged as one of the standout altcoins in 2025, fueled by the rapid growth of its smart contract ecosystem and decentralized finance platforms like SundaeSwap, Indigo, and Empowa. The cryptocurrency breached the $1.50 mark earlier this summer, attracting a wave of speculative buyers. However, savvy investors are turning to alternative strategies, such as earning ADA daily through AIXA Miner's cloud-based AI mining platform, which requires no hardware or technical expertise.
AIXA Miner simplifies the mining process by leveraging smart automation. Users can register an account, select a contract, and let the AI dynamically allocate mining power to high-performing coins like ADA. The platform offers a $20 Welcome Bonus for new users, enabling them to start mining without an initial deposit. This approach allows investors to accumulate ADA without purchasing it at peak prices.
Cardano Price Prediction: $5 Target Set for 2025, Yet Ozak AI Grabs Investor Spotlight
Cardano (ADA) remains a focal point in the altcoin market, with analysts projecting a $5 valuation by 2025. The bullish outlook is fueled by key developments, including the successful Chang hard fork, which enhances network governance and scalability. As decentralized applications (dApps) and DeFi platforms increasingly adopt Cardano for its stability and low-cost infrastructure, its long-term growth potential appears robust.
Meanwhile, Ozak AI emerges as a disruptive contender, capturing investor attention and potentially overshadowing established players. Macroeconomic tailwinds—such as declining inflation, interest rate cuts, and institutional adoption—could further bolster Cardano's trajectory.
