Cardano's Upgrade Expected to Boost ADA Price 25%

Coin WorldSunday, May 11, 2025 9:36 am ET
1min read

Cardano (ADA), the ninth-largest cryptocurrency by market capitalization, is poised for a significant price surge as it prepares to implement a major upgrade on its blockchain network. This decentralized network, which emerged after the first altcoin boom in 2018, has had a relatively slow start to the 2024-2025 bull market. However, the upcoming updates are expected to revitalize its progress.

According to a verified crypto influencer, the Cardano network is set to introduce a series of updates that will enhance inter-blockchain connectivity. The influencer highlighted the potential impact of these updates, stating that the integration could propel ADA's price past $1 faster than anticipated. Currently, ADA is trading just below the $0.8 level, facing resistance at this point. The cryptocurrency has shown signs of recovery, with a 25% price appreciation in recent weeks, and the upcoming upgrade is expected to further boost its value as the market heads into the third and fourth quarters of 2025.

Charles Hoskinson, the founder of the Cardano blockchain network, recently announced a significant upgrade that he believes will make Cardano the fastest cryptocurrency in the market. Hoskinson revealed that the update, known as Leios, will introduce a multi-layered block structure comprising input blocks, ranking blocks, and endorsement blocks. This structure aims to enhance security and scalability, allowing developers to create more powerful applications on the Cardano network. Hoskinson emphasized that the team has conducted extensive research over the past eight years to develop this update.

While the potential of these updates is promising, the performance of blockchain upgrades can be unpredictable. Even if the updates do not meet all expectations, the optimism surrounding the resumption of the crypto bull market is likely to drive a significant increase in ADA's value. The market's positive outlook, combined with the anticipated enhancements to the Cardano network, positions ADA for a potential breakout and a new all-time high price.

Comments



Add a public comment...
No comments

No comments yet

Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.