Cardano Price Prediction: Could Cardano Hit $1 on Growing DeFi Momentum?

Cardano Price Jumps 3% – Cardano (ADA) has seen a notable 3.1% price increase in the past 24 hours, currently trading at $0.6440. This uptick follows the release of a comprehensive ecosystem update by the Cardano Foundation, underscoring the network’s continued development and expansion efforts.

Cardano Ecosystem Milestones: Over 2,000 Projects and 140K Smart Contracts

As of June 13, 2025, a total of 2,004 decentralized applications (dApps) are actively building or scaling on the Cardano blockchain. These figures illustrate the growing appeal of Cardano as a developer-friendly platform despite past criticism for lagging behind in DeFi and meme coin trends.

Additionally, the number of native assets minted on ADA has reached 10.83 million, reflecting increasing on-chain activity. Meanwhile, total transaction volume has risen slightly by 0.2% week-on-week, now standing at 110.40 million transactions.

The number of smart contracts, powered by Plutus and Aiken scripts, is approaching the 140,000 milestone, signaling strong developer engagement and technical maturity within the Cardano network.

TVL Still Modest, But Key dApps Show Strength

While ADA’s total value locked (TVL) remains modest compared to competitors like Solana ($8.8 billion) and Ethereum ($62.9 billion), recent figures suggest steady momentum. According to DeFi Llama, Cardano’s TVL is currently $285 million.

The leading decentralized exchange (DEX) on the network, Minswap, has reported 30-day trading volumes of $79 million, while Liqwid, a lending platform, leads all Cardano dApps in TVL with $80.9 million locked.

Cardano founder Charles Hoskinson has consistently reiterated that the network’s primary mission is not to chase trends but to power real-world applications, a philosophy that continues to shape the project’s development roadmap.

Cardano Price Analysis: Key Levels to Watch for ADA

Cardano’s recent recovery comes after a 4-day losing streak, with the $0.600 support level proving to be a significant psychological and technical barrier. The price now faces resistance from both short-term and long-term moving averages, which could act as critical breakout zones.

Should ADA break above the $0.730 resistance, and successfully retest it from above, technical indicators suggest a potential rally toward the $1 mark, representing a 37% upside from current levels.

Moreover, the Relative Strength Index (RSI) is nearing a bullish crossover with its 14-day moving average, which could strengthen investor confidence in the short term.

Bitcoin Hyper (HYPER): A New Layer-2 Contender Emerges

Outside the Cardano ecosystem, the spotlight is also on Bitcoin Hyper (HYPER)—a new Layer-2 protocol aiming to unlock DeFi capabilities on the Bitcoin network. The project seeks to establish a Solana Virtual Machine (SVM)-powered sidechain, bridging Bitcoin and Solana to facilitate low-cost, high-speed BTC token transfers.

In just under two weeks, the HYPER token presale has already raised over $1 million, showcasing strong investor interest. The project aims to create a scalable environment for meme coins, payments, and decentralized applications, potentially unleashing trillions in liquidity tied up in Bitcoin.

Investors can participate in the presale by connecting their wallets (e.g., Best Wallet) to the official Bitcoin Hyper website, using BTC, USDT, or bank cards for token swaps. As always, due diligence is essential, and this should not be taken as financial advice.

Final Thoughts: Is ADA Preparing for a Breakout?

With a solid developer base, a growing number of applications, and gradual increases in user activity, Cardano appears to be gaining momentum after a quiet period. Though it still trails major rivals in DeFi metrics, its focus on long-term utility and real-world use cases may provide sustainable growth.

Whether ADA can break through key resistance levels and move toward the coveted $1 mark will depend on continued technical strength, market sentiment, and broader crypto trends. For now, the ecosystem data paints a bullish backdrop for the ADA price narrative—though investors are reminded to stay informed and approach the market with caution.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.