Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Cardano Founder Hints at Major Developments in February

Cardano Founder Hints at Major Developments in February

CryptotaleCryptotale2025/02/01 05:30
By:Cryptotale Staff
  • Cardano’s trading volume surged 10.84% despite a 1.88% price decline to $0.9406.
  • ADA faces key resistance at $0.96 and $0.97, with support holding at $0.94 for now.
  • February price forecasts predict ADA could rise by 70.95%, reaching up to $2.31.

The founder of Cardano (ADA), Charles Hoskinson, recently incited the cryptocurrency community’s interest by hinting about major Cardano (ADA) developments for February 2025. Hoskinson said in a statement, “February is going to be a very crazy month. We got some stuff going on, I can’t talk about it now, but you’re gonna see, it’s gonna be fun.”  he says. His cryptic comments have led to speculation as to what future updates or partnerships stand to have a major impact on ADA.

The rising market attention toward Cardano demonstrates its price fluctuation and traders’ active engagement with its trading system. ADA showed initial market opposition at $0.96, yet its positive trend continues. Moreover, investors and traders maintain interest in following upcoming developments and expecting potential price increases.

ADA’s Price Trends and Market Indicators

Cardano’s value shows significant price movement during early February trading at $0.9406 at press time with a 1.88% decrease during the last 24 hours. Market activity continues to be strong even though prices slightly decreased, with the trading volume rising by a substantial 10% to $673.77 million. Despite facing resistance, there is strong ongoing interest from traders in ADA.

The Relative Strength Index (RSI) is currently at 45 indicating neutral market sentiment. If it moves below 40, bearish momentum could grow. But if it moves above 50, it could be the onset of a bullish momentum. The Moving Average Convergence Divergence (MACD) indicates a bearish trend that can be turned into a bull action. Due to the high trading activity, the market holds great potential for investors to benefit from upward momentum in the ADA, break past its resistance levels, and reach new price targets.

Related: Hoskinson Unveils Quantum HOSKY Game Launch in January

Potential for Strong Growth in February

According to market analysts, the growth potential of Cardano in February 2025 remains high. According to some forecasts, the price of ADA may increase by 70.95% with a possible range from $0.95 to $2.31. If such a movement emerged, it would represent a return of over 145% from its current value and offer investors many profits.

The rise in market activity and the anticipation of upcoming announcements have generated optimism. Many expect Hoskinson’s undisclosed plans to change Cardano’s ecosystem and market value positively.  However, future details of these are still uncertain but the general feeling within the community grows more excited as the month goes on. 

In other developments, Charles Hoskinson proved that hype doesn’t equal value when he burned 900 billion unsolicited ‘Charles’ meme tokens worth $80 million. The coin’s price crashed by 72%, with many questioning whether he should’ve donated the coins, or used them in a different way.

The post Cardano Founder Hints at Major Developments in February appeared first on Cryptotale.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

SLPUSDT now launched for futures trading and trading bots

Bitget Announcement2025/07/23 11:57

Notice: Maintenance for VND deposit service

Bitget Announcement2025/07/21 12:30