Cardano ADA’s SNEK Token Gains Momentum Amid Community Expansion and Funding Controversy

The SNEK token, a prominent Cardano-based asset, is making waves as its community pushes for increased recognition within the ecosystem. With 42,000 unique wallets—the highest among Cardano tokens—and 2 billion ADA in cumulative transactions, SNEK is proving its adoption potential. However, tensions have arisen between the SNEK community and Cardano founder Charles Hoskinson over a proposed 5 million ADA ($3.9 million) treasury grant. Rami, a core contributor, highlights SNEK's role in driving Cardano adoption, underscoring its growing influence despite the funding debate. As of August 2025, SNEK's trajectory remains a focal point for Cardano's decentralized future.

Cardano's SNEK Token Sparks Debate Amid Community Growth and Funding Request

The SNEK token, a Cardano-based asset, is gaining traction as its community advocates for greater recognition within the ecosystem. Rami, a core contributor, emphasized SNEK's role in driving adoption, despite tensions with cardano founder Charles Hoskinson over a proposed 5 million ADA ($3.9 million) treasury grant.

SNEK boasts 42,000 unique wallets—the highest among Cardano tokens—and 2 billion ADA in cumulative trading volume. The team argues these metrics justify exchange listings to broaden accessibility. Hoskinson's skepticism highlights the friction between grassroots projects and ecosystem governance.

Cardano (ADA) Breaks $0.80 Resistance as $71M Community Upgrade Fuels Bullish Momentum

Cardano's ADA surged past the $0.80 resistance level, trading at $0.81 with a 0.97% daily gain. The breakout follows a 19% rally in early August, driven by a landmark $71 million community-approved upgrade package. This marks the first direct funding of Core development through decentralized governance, signaling robust confidence in the network's future.

Technical indicators suggest further upside potential, with ADA's RSI at 59.44—well below overbought territory. The cryptocurrency has maintained bullish momentum since clearing the critical $0.75 resistance, demonstrating sustained buying pressure amid growing institutional interest.

Can Cardano (ADA) Price Still Hit $2?

Cardano's ADA shows tentative recovery signs, trading at $0.80 amid cautious market optimism. Analysts note the uptrend remains fragile, with critical support levels at $0.784, $0.769, and $0.755. A breakdown below $0.71 WOULD signal bearish reversal potential.

Short-term technical targets cluster around $0.852–$0.87, forming a crucial resistance zone. The $2 milestone appears distant but achievable if current support holds and institutional interest grows. Market sentiment mirrors 2021's accumulation patterns, suggesting potential for sustained upside.

Cardano Price Prediction: ADA Holds Breakout Structure as Bulls Eye $2.00 in 2025

Cardano's ADA is exhibiting a bullish breakout structure, with analysts projecting a potential climb to $2.00 by 2025. The cryptocurrency's current 73% drawdown from its all-time high mirrors historical accumulation phases, suggesting a possible trend reversal. Market observers note that prolonged basing at these levels often precedes sustained recoveries.

Into The Cryptoverse data highlights ADA's proximity to historical drawdown lows, a zone where patient accumulation typically occurs. The recent bullish flag breakout and higher low formation reinforce the case for upward momentum. If this structure holds, ADA could first target $1.60 before attempting the $2.00 milestone.