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Cardano Price- $70M Funding Sparks Cardano’s Next Big Leap
Cardano Price– Cardano’s community has just greenlit a massive $70 million grant to Input Output Engineering (IOE), setting the stage for major network improvements. With nearly 74% voter approval, this funding is one of the largest treasury allocations in Cardano’s history — fueling ambitious plans to boost scalability, cross-chain capabilities, and developer tools.
Transparent, Milestone-Based Funding to Drive Progress
The grant will be released in phases, tied to specific milestones, and overseen by on-chain smart contracts and Intersect, ensuring transparency and accountability. IOE promises regular updates and detailed budget reports, keeping the Cardano community in the loop as the upgrades roll out.
Key focus areas include Ouroboros Leios, Hydra, and Mithril—innovations designed to make Cardano faster, more secure, and more developer-friendly than ever before.
Rising Developer Activity Sparks Optimism
Despite ADA dipping below $0.62 in late July, developer activity surged, showing unwavering confidence from builders behind the scenes. ADA has since bounced back to around $0.735, mirroring a rise in contributions and signaling growing investor optimism fueled by the $70M grant.
ADA Price Holds Key Support, Eyes Bullish Breakout
After finding support near $0.69, ADA tested crucial moving averages, trading above the 200 EMA and challenging the 50 EMA resistance. While MACD remains bearish, momentum is easing, hinting at a potential bullish crossover. Tightening Bollinger Bands suggest a volatility squeeze is near.
If ADA clears the $0.74 resistance, the next target could be $0.79. However, failure to surpass the 50 EMA might trigger a dip toward $0.68. As long as support holds, ADA’s price structure remains neutral-to-bullish—ready for a potential breakout.
