Cardano ADA’s DJED Stablecoin Evolves Into Private, Open-Source Multi-Chain Asset

In a significant development for the Cardano ecosystem, COTI, the privacy-centric Layer 1 blockchain, has unveiled major upgrades for the algorithmic stablecoin DJED at the Rare Evo conference. As of August 2025, DJED is transitioning to a private, open-source model with multi-chain functionality, marking a strategic move to serve as infrastructure for both open and private finance. This evolution positions DJED as a versatile Web3 building block, with three key enhancements designed to expand its utility across decentralized ecosystems. The transformation underscores Cardano's growing role in shaping the future of stablecoins and cross-chain interoperability in the cryptocurrency space.

Cardano Stablecoin DJED Transitions to Private, Open-Source Multi-Chain Asset

COTI, the privacy-focused LAYER 1 blockchain, has announced a significant evolution for Cardano's algorithmic stablecoin DJED at the Rare Evo conference. The protocol will transition to a private, open-source model with multi-chain functionality, positioning itself as infrastructure for both open and private finance.

Three major upgrades aim to expand DJED's utility as a Web3 building block. The stablecoin has maintained its peg since its 2023 launch, outperforming competitors in robustness. COTI is open-sourcing critical components including its order API, chain indexer, and frontend to encourage developer adoption.

"This MOVE gives Cardano's builders full transparency to inspect, extend, and innovate on the protocol," noted IOG, the engineering firm co-founded by Charles Hoskinson that originally developed DJED. The changes enable custom frontends, wallet integrations, and secure dApp connectivity.

Cardano Price Structure Mirrors Previous Cycle as Key Technical Levels Hold

Cardano (ADA) is exhibiting a market pattern strikingly similar to its 2019-2021 bull cycle, albeit at a slower pace. The cryptocurrency currently finds itself in what analysts identify as the early breakout stage of a potential rally, with technical indicators suggesting a possible ascent to $5.80-$6.00 by 2026 if historical patterns hold.

Critical support lies at the $0.80-$0.82 zone, where sustained price action could maintain upward momentum. Weekly chart analysis reveals ADA hovering NEAR the 0.618 Fibonacci retracement level - a position that preceded its previous climb to $3.10 in 2021. Resistance levels loom at $1.56, $2.10, and the prior all-time high of $3.10.

Market technicians note building bullish strength in RSI and MACD indicators without overbought signals, suggesting room for continued growth. The 1.618 Fibonacci extension level between $5.80 and $6.00 emerges as a plausible target should the current structure follow its historical counterpart.

Cardano ADA Poised for Breakout as Technicals Signal 126% Rally Potential

Cardano's ADA token shows compelling technical indicators suggesting an imminent bullish breakout. The asset has gained 9% weekly amid a broader market recovery, with its momentum accelerating following community approval of a $71 million network upgrade.

Analysts highlight ADA's recent retest of the $0.80 psychological level and potential breach of a months-long descending channel. Market observer Issifou Issaka identifies a theoretical target of $1.65 - representing 126% upside from current levels - should the breakout confirmation occur.

The technical picture strengthens with ADA forming a golden cross at $0.7245 as its 50-hour EMA crosses above the 200-hour EMA. With RSI at 59 indicating room for further upside, traders anticipate a potential 15-20% short-term rally that could propel ADA toward $1.50 in coming months.

Cardano Price Forecast: ADA Bulls Eye Next Leg Higher as Open Interest Climbs

Cardano (ADA) price continues its upward trajectory, trading above $0.82 after an 11% weekly gain. Derivatives data paints a bullish picture, with Open Interest surging to $1.44 billion—the highest level since late July—while positive funding rates confirm trader optimism.

The technical setup favors further upside. Momentum indicators align with the bullish derivatives signals, where rising Open Interest reflects fresh capital entering ADA markets. Funding rates flipped positive last week, with longs now paying shorts—a pattern that historically precedes strong Cardano rallies.