๐ Cardano (ADA): $71M Treasury Boost Signals NextโGen Growth
The Cardano community just made historyโapproving, with 74% stakeholder support, a $71 million treasury allocation (96โฏmillion ADA) to fund core network development through 12 incremental milestones .
๐ง What Does This Mean?
Hydra: A layerโ2 scaling solution designed for fast, lowโfee transactions.
Project Acropolis: A modular reโarchitecture of the Cardano node to simplify developer onboarding and improve flexibility.
Other Upgrades: Enhancements to developer tools, interoperability (crossโchain with Ethereum/Bitcoin), and performance optimizations via Ouroboros Leios and Mithril .
๐ฌ Governance & Accountability
This marks the first-ever community-approved treasury allocation for core protocol upgrades, heralding Cardano's transition into fully **onโchain decentralized governance (Voltaire era)** .
Funds will be disbursed as development milestones are met, tracked by Intersect, with monthly updates, engineering logs, and smartโcontractโbased oversight .
๐ Market Reaction & Technical View
ADA price initially rose ~3โ5%, trading in the $0.70โ0.74 zone as the upgrade plan gained momentum .
Onโchain data shows a drawdown of ~390 million ADA from whales since late July, with daily active addresses also decliningโsuggesting profitโtaking and rotating risk off Cardano for fasterโgrowing tokens in the ecosystem .
According to Binance technical analysts, ADA currently tests support around $0.698โ0.708. A breakout above $0.761โ0.761 could trigger the next bullish wave toward ~$0.79 or higher, but caution remains as structure is fragile .
๐ฎ Looking Ahead
With planned delivery of Hydra and Acropolis over the coming year, Cardano seeks to shed scalability limitations and attract developers through better tooling and performance improvements . Price predictions for 2025 varyโfrom conservative targets near $1.00 up to $2โ$5 in bullish scenarios.
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