Cardano bucking trends: the dormant titan may experience price multiplication, potentially tugging the market along
Cardano, the popular proof-of-stake blockchain, has recently shown signs of a slowdown in on-chain activity. However, this doesn't seem to have dampened the spirits of its investors, as the digital currency has shown a remarkable 300% recovery since the beginning of 2024.
Currently, Cardano is stuck at a key resistance level of $1.14, but if it manages to break through this barrier, a path to $2 and subsequently $4.50 could be clear. This optimistic outlook is based on the continued investor enthusiasm in decentralised finance (DeFi), with a focus on platforms that bridge traditional markets and DeFi.
One such platform is DeFi Technologies, which, along with its subsidiary Valour, reported nearly $1 billion in assets under management as of August 2025. This reflects the growing institutional interest from major financial firms like UBS, JP Morgan, and Goldman Sachs.
In contrast, Pepe Coin, a meme-inspired cryptocurrency, is currently betting on reaching $0.0001. Its growth, however, depends exclusively on the enthusiasm of the community, making it a more speculative investment with hype-driven volatility.
Meanwhile, Mutuum Finance, another DeFi project, is projected to grow by an astounding 30,000%. However, its widespread adoption remains uncertain, reflecting the broader industry's caution and interest in projects that balance innovation with sustainability.
Interestingly, whales have been accumulating Cardano, which could indicate an imminent explosion. Yet, without mass adoption, Cardano's price could get stuck in an attempt.
In conclusion, the cryptosphere continues to evolve, with Cardano, Pepe Coin, and Mutuum Finance each carving out their unique niches. As always, potential investors are advised to do their due diligence and consider the risks involved in any investment.
Read also:
- Minimal Essential Synthetic Intelligences Enterprise: Essential Minimum Agents
- Tesla is reportedly staying away from the solid-state battery trend, as suggested by indications from CATL and Panasonic.
- UK automaker, Jaguar Land Rover, to commit £500 million for electric vehicle manufacturing in Merseyside
- Fast-food chain Subway joins the trend of plant-based alternatives, introducing a Beyond Meat meatball sub.
