Introduction to Cardano Crypto

Cardano Crypto (ADA) is a third-generation blockchain project based on Proof of Stake (PoS), featuring high scalability and sustainability. The project is driven by the Input Output Global (IOG) team, characterized by its layered architecture and formal verification, emphasizing scientific research and peer review.

Today’s Price Overview

Figure:https://www.gate.com/trade/ADA_USDT

As of June 10, 2025, Gate shows the ADA price to be around $0.69.

Multi-chain expansion: Lace wallet supports XRP

Charles Hoskinson, the founder of Cardano, announced that the official Lace wallet will soon add support for XRP, marking a key step in the evolution of the ADA wallet ecosystem towards multi-chain capabilities. This feature will allow users to manage ADA and XRP within the same interface, simplifying cross-chain operations and potentially bringing more users and liquidity to Cardano.

NASDAQ related news and trading volume changes

Recently, there have been reports that Cardano’s trading volume has seen a significant increase due to NASDAQ-related news. In the community vote, there were “NO” opinions regarding the budget, putting short-term market sentiment under pressure; however, the overall weekly increase is about 1%, with prices stabilizing around $0.6610. This synchronous change in trading volume and price may suggest that buyers and sellers are engaged in intense competition at key price levels in the short term.

Recent technical analysis and support levels

Technical indicators show that ADA has fallen to the key support zone of $0.65–$0.67. Some analysts believe that this range may form an accumulation zone and lead to a rebound. If trading volume continues to increase, a breakthrough of the current resistance level at $0.72 is expected. The RSI is gradually rising to around 45, and the MACD shows signs of a golden cross. Newcomers can pay attention to buy signals in this area.

Investment Tips for Beginners: Risks and Opportunities

1. Risk Warning: The cryptocurrency market is highly volatile, and prices may rise or fall rapidly in the short term due to news events.
2. Diversify your investments: Do not put all your funds into a single asset; consider appropriately allocating to mainstream coins such as Bitcoin and Ethereum.
3. Stay tuned: Pay attention to official announcements and community voting results, and adjust your positions in a timely manner.
4. Long-term perspective: Based on the technological roadmap and ecological expansion potential of Cardano, a dollar-cost averaging strategy can be considered.