Cardano (ADA) Nears Major Rally on Bitcoin DeFi: Analyst
The post Cardano (ADA) Nears Major Rally on Bitcoin DeFi: Analyst appeared on BitcoinEthereumNews.com. Analyst Dan Gambardello says Cardano (ADA) is near a major rally via Bitcoin DeFi, airdrops. Cardano ETF approval odds at 68% (Polymarket); Crypto Capital Risk Model score is 24 (bullish). ADA consolidates (176 days) near $0.70 (200-wk EMA); price ~$0.75, but $0.58 dip possible. Cardano (ADA) might be gearing up for a major rally, according to well-known crypto analyst and YouTuber Dan Gambardello. He sees a powerful mix of big-picture market shifts and fresh on-chain innovations putting Cardano right on the edge of a significant upward move, thanks to some major developments now in play. One of the most groundbreaking developments is the integration of Bitcoin ordinals with Cardano. This marks a new phase where cross-chain DeFi, especially Bitcoin DeFi, is no longer theoretical but operational. Bitcoin DeFi Comes to Cardano Gambardello highlighted that Cardano is now becoming the base layer for Bitcoin DeFi, potentially unlocking trillions in dormant capital from the Bitcoin network. Adding fuel to this fire is the Midnight airdrop, which is projected to bring 37 million users into the Cardano ecosystem, possibly the largest airdrop in crypto history. Projects like Indigo and Fluid Tokens are actively working to bring Bitcoin liquidity to Cardano’s DeFi infrastructure, leveraging Cardano’s security and low-fee architecture. Related: From Bitcoin Only to Altcoins: UFC’s McGregor Now Probing XRP, Solana, Cardano Cardano’ Institutional and Regulatory Tailwinds A spot ETF for Cardano is being considered for approval, though recently delayed–a move consistent with how regulators approached Bitcoin and Ethereum in previous cycles. Gambardello noted that such delays are not bearish; rather, they’re procedural. Approval, possibly later in the summer, would be a crucial moment for ADA. Moreover, Cardano is being considered as part of the US strategic reserve, and its recent Leios upgrade claims to make it the fastest blockchain in the world. As…
The post Cardano (ADA) Nears Major Rally on Bitcoin DeFi: Analyst appeared on BitcoinEthereumNews.com.
Analyst Dan Gambardello says Cardano (ADA) is near a major rally via Bitcoin DeFi, airdrops. Cardano ETF approval odds at 68% (Polymarket); Crypto Capital Risk Model score is 24 (bullish). ADA consolidates (176 days) near $0.70 (200-wk EMA); price ~$0.75, but $0.58 dip possible. Cardano (ADA) might be gearing up for a major rally, according to well-known crypto analyst and YouTuber Dan Gambardello. He sees a powerful mix of big-picture market shifts and fresh on-chain innovations putting Cardano right on the edge of a significant upward move, thanks to some major developments now in play. One of the most groundbreaking developments is the integration of Bitcoin ordinals with Cardano. This marks a new phase where cross-chain DeFi, especially Bitcoin DeFi, is no longer theoretical but operational. Bitcoin DeFi Comes to Cardano Gambardello highlighted that Cardano is now becoming the base layer for Bitcoin DeFi, potentially unlocking trillions in dormant capital from the Bitcoin network. Adding fuel to this fire is the Midnight airdrop, which is projected to bring 37 million users into the Cardano ecosystem, possibly the largest airdrop in crypto history. Projects like Indigo and Fluid Tokens are actively working to bring Bitcoin liquidity to Cardano’s DeFi infrastructure, leveraging Cardano’s security and low-fee architecture. Related: From Bitcoin Only to Altcoins: UFC’s McGregor Now Probing XRP, Solana, Cardano Cardano’ Institutional and Regulatory Tailwinds A spot ETF for Cardano is being considered for approval, though recently delayed–a move consistent with how regulators approached Bitcoin and Ethereum in previous cycles. Gambardello noted that such delays are not bearish; rather, they’re procedural. Approval, possibly later in the summer, would be a crucial moment for ADA. Moreover, Cardano is being considered as part of the US strategic reserve, and its recent Leios upgrade claims to make it the fastest blockchain in the world. As…
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