Cardano’s native token ADA has been making headlines recently. From development updates to big announcements, the token seems to be gearing up for a big move. According to AltcoinBuzz, ADA could be eyeing a price rally, and here are three key reasons why.
Cardano Connects with Bitcoin
Cardano recently made a big move by connecting its blockchain with the Bitcoin network. This was done using something called Bitcoin OS, which lets Bitcoin and Cardano work together. This makes it easier to move Bitcoin in and out of the Cardano network without using risky bridges.
It allows users to lend and stake Bitcoin safely on the Cardano blockchain. This could bring more users and money into the Cardano ecosystem.
Midnight Sidechain and Glacier Airdrop
Cardano is also launching a new sidechain called Midnight. This will bring privacy features and private smart contracts, something institutions really want. It will also connect with other blockchains.
The most exciting part for many is the Glacier Airdrop. Over 24 billion NIGHT tokens will be given out to 37 million wallets. If you held $100 or more in ADA, Bitcoin, Ethereum, XRP, BNB, Solana, Avalanche, or BAT by June 11, 2025, in a self-custody wallet, you may be eligible.
Cardano founder Charles Hoskinson is expected to announce the airdrop schedule soon, possibly during the Rare EVO event in Las Vegas this August.
Growing Institutional Interest
So far in 2025, Cardano has received $73 million in investment from large institutions — more than most other cryptocurrencies. Grayscale has also filed to launch the first Cardano spot ETF in the U.S., with a decision expected in October 2025.
Conclusion
At the time of writing, ADA is trading at $0.74 with a 2% gain in the past 24 hours. According to an expert, the price recently tested the 1-day 200 EMA (Exponential Moving Average) around $0.7060. This level also matches the important Fibonacci support zone (between 0.5 and 0.618), which often signals a strong setup for the next upward move.
If this trend continues, the next target for ADA could be $1.50.
