Over the last month, ADA triggered a signal that most traders completely missed, but whales didn’t. It’s a combination of on-chain momentum and developer growth that doesn’t happen often. During that same timeframe, Cardano’s ecosystem also has seen a series of developments. Most investors completely overlooked this.
That’s exactly why we bought 2,734 ADA. In this video, I’ll show you the data, the charts, and the signals that made us take this position in Cardano.
What’s Cooking at Cardano (ADA)
Cardano (ADA) tends to remain in the spotlight all year long. A big part of this also comes down to its charismatic CEO, Charles Hoskinson. Among others, he was a co-founder of Ethereum. But let’s concentrate on some recent news flashes that came out of the Cardano camp.
ADA ETF Approvals
There are various ETF approvals queueing at the SEC. Among others, Grayscale filed an ADA ETF. The SEC pushed the final decision on this ETF back to October 26th. This allows them more time to review the application. However, there’s strong investor anticipation of a Cardano spot ETF approval. This could boost demand significantly.
GRAYSCALE APPLIED FOR AN $HBAR AND $ADA ETF!!!! pic.twitter.com/EVuqF7cSdi
— Altcoin Buzz (@Altcoinbuzzio) August 13, 2025
As a result, we saw a 5% increase in ADA’s price on October 5th and 7th. This pushed its price close to 90 cents. To clarify, in-between the price also dropped again. There are good reasons to expect a positive outcome. First, there’s Polymarket, that predicts a positive outcome by 93%. This is a prediction betting platform.
However, we also saw that the SEC asked various ETF issuers to withdraw their 19b-4 filings. The Cardano ETF was part of that. This indicates that there can be a faster approval process. If it wasn’t for the US Government shutdown. As long as that lasts, the SEC works at snail’s speed.
CARDANO ETF UPDATE 🇺🇸
The SEC is reportedly asking ETF issuers, including Grayscale’s Cardano $ADA ETF, to withdraw their 19b-4 applications.
This comes after the SEC released the new Generic Listing Standards, which replace individual application reviews and make approvals… pic.twitter.com/4jTfwV2mjk
— Cardanians (CRDN) (@Cardanians_io) September 30, 2025
Staking on Cardano
Staking ADA became an option in July 2020 with the Shelley update. However, we now see two new and recent staking updates. One is eToro that now offers staking ADA in the US. eToro has around 40 million users in the US. So, that’s a massive boost.
Staking is now live on eToro US 👀
Hold $SOL, $ADA, or $ETH in your portfolio? Automatically earn monthly rewards. That’s it.
No lockups. No heavy lifting. Just hold and earn.
🔗 Start staking today. T&Cs apply.
— eToro US (@eToroUS) September 29, 2025
Another update about staking on Cardano is stablecoin staking. This removes the volatility that staking crypto assets brings. The Cardano treasury plans to boost liquidity with 50 million ADA. This includes, among others, stablecoin liquidity. This is part of the Stablecoin DeFi Liquidity Budget proposal. Currently, around 57% of all ADA is staked.
A new governance action proposes 50M $ADA treasury injection to boost Cardano DeFi, focusing on stablecoin liquidity, DEXs, and lending protocols. 📈
It’d be managed by a 9-person treasury DAO.
Do you support this initiative? pic.twitter.com/O7HgB2xkml
— Cardanians (CRDN) (@Cardanians_io) September 18, 2025
Cardano Summit 2025
The Cardano summits are each year among the highlights of the Cardano community. You can expect new announcements and project launches. It’s a great opportunity to connect with the Cardano community and its projects. This year, it takes place in Berlin, Germany, between November 11th and 13th.
Glacier Airdrop Update
The Glacier Airdrop claiming period saw a 16-day extension period. So, instead of finishing October 4th, it will now finish on October 20th. This is to resolve wallet and hardware compatibility issues.
UPDATE: Glacier Drop is Extending 🧊
Since launch, we’ve seen incredible momentum:
➡️ 2.7B NIGHT claimed
➡️ 125k wallets across 8 ecosystemsBut we also heard you.
To make sure no one is left behind, the claim window is being extended by 16 days → new close date: October 20,… pic.twitter.com/xbnNNBjkV7
— Midnight Foundation (@midnightfdn) September 26, 2025
What Is Cardano?
I have covered Cardano a lot recently. So, it’s easy to forget what Cardano all is actually about. So, let’s do a quick refresher on what Cardano is. Well, back in 2015, Charles Hoskinson founded Cardano. The ADA ICO (Initial Coin offering) was in 2017 and raised no less than $60 million. Its price was a quarter of a cent. That’s a 350x from its current price of 85 cents. However, that’s also a 1287x to its ATH of $3.09.
The first version of the Cardano chain launched in September 2017. Since then, it has seen various upgrades. What makes Cardano unique is its peer-reviewed academic research. This means a formal and staged roadmap. Cardano also uses a unique Hard Fork Combinator technology for seamless transitions. The network is currently also in transition. It’s moving towards a fully decentralized governance model, giving control to ADA holders.
Revolutionizing Decentralized Governance with Transparency & Accountability. We offer interactive dashboards, proposal tracking, voting and treasury management with intuitive & accessible interface.https://t.co/Q9nXEm8aDe
— Cardano Feed ($ADA) (@CardanoFeed) October 5, 2025
Orouboros
Its consensus mechanism is also unique. Such a mechanism agrees on the validity of transactions. It also agrees on the state of the shared ledger without a central authority. Such a mechanism also ensures, for instance,
- Security
- It prevents dishonest behavior
- And it guarantees that all nodes in the network maintain a single, consistent version of the data. It does this by providing rules for adding, changing, or deleting information.
The Cardano consensus mechanism goes by the name of Ouroboros. This is the first provably secure Proof-of-Stake (PoS) protocol. It addresses the weaknesses of earlier consensus mechanisms. For example, it combines cryptology, game theory, and mathematical proof. Thus, it provides a robust, sustainable, and scalable solution.
The way it is set up, the Cardano blockchain is theoretically infinitely scalable. This was part of the Ouroboros Leios upgrade. it also offers parallel transaction approval. This means that it can approve various transactions at the same time.
Why Did We Buy 2734 ADA?
Let’s start with a quick TA or Technical Analysis. The current ADA price is 85 cents. In early November 2024, the price jumped from 33 cents to $1.23 in only one month. That’s a 3.7x.
So, let’s take those 33 cents as support. It doesn’t look like ADA is going back there any time soon. At the same time, we can take the $1.23 from December 7th, 2024 as resistance. After early March, earlier this year, ADA didn’t breach the $1 mark. So, that’s a good goal.
However, its ATH is $3.09 from 4 years ago. That’s a 3.6x from where it is now. But we also shouldn’t forget the size of Cardano’s market cap. That’s no less than $31.5 billion. So, there’s not that much room for growth. Nonetheless, there still is enough room for growth. That’s why we bought 2,734 ADA.
ADA Millionaire
So, 2,734 ADA is currently worth $2,332. But what if I turn this around, and take a look at what price, I can become an ADA millionaire?
With the current price of 85 cents, I will need 1,176,470 ADA to become a millionaire.
If I take the $1.23 resistance level, that will require 813,008 ADA to be that millionaire.
With a push above 96 cents, Ali Martinez on X believes that ADA can hit a $1.90 price tag. Now you need 526,316 ADA to have 7 figures in your bank account.
Breaking above $0.96 could propel Cardano $ADA toward $1.90. pic.twitter.com/iqhO5kyi1e
— Ali (@ali_charts) October 4, 2025
Unichartz eyes $2.18 and $3.10. That’s respectively 458,716 and 322,580 ADA for that millionaire status.
Kyren on X sees a $4 price tag for Cardano. So, now you need 250k ADA to join the millionaire ranks.
That’s also about as good as it can get with Cardano. $4 is already pushing the boundary, imho. So, what’s the best price you expect for Cardano this cycle? Let me know in the comments and make sure to join our discussions on X and Discord.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.
Copyright Altcoin Buzz Pte Ltd.
The post We Just Bought 2,734 ADA, What No One Sees About Cardano appeared first on Altcoin Buzz.
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.