Cardano's native token, ADA, is attracting significant attention due to several key developments that could signal an upcoming price rally.
Connecting with Bitcoin
Cardano has integrated with the Bitcoin network using "Bitcoin OS," a new technology that allows for safer, bridge-less interaction between the two blockchains. This makes it easier for users to lend and stake Bitcoin on the Cardano network, which could draw more users and capital into the ecosystem.
Midnight Sidechain and Glacier Airdrop
The upcoming launch of the Midnight sidechain will introduce privacy features and private smart contracts, which are highly sought after by institutional investors. This development is also tied to the Glacier Airdrop, where over 24 billion NIGHT tokens will be distributed to millions of eligible crypto wallets that held at least $100 in ADA or other major cryptocurrencies by June 11, 2025. Cardano founder Charles Hoskinson is expected to announce the airdrop schedule soon.
Increasing Institutional Interest
In 2025, Cardano has already received $73 million in institutional investment, outperforming most other cryptocurrencies. Additionally, Grayscale has filed for the first U.S. spot Cardano ETF, with a decision expected in October 2025. These factors point to growing institutional confidence in the network.
Technical Outlook
ADA is currently trading at $0.74. The price recently tested the 1-day 200 EMA and an important Fibonacci support zone, which some experts believe sets a strong foundation for a potential upward move.
August 2025, Cryptoniteuae