{"id":117964,"date":"2025-08-04T10:37:09","date_gmt":"2025-08-04T10:37:09","guid":{"rendered":"https:\/\/www.europesays.com\/us\/117964\/"},"modified":"2025-08-04T10:37:09","modified_gmt":"2025-08-04T10:37:09","slug":"cardano-bets-70-mln-on-its-future-will-ada-be-next-to-explode","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/117964\/","title":{"rendered":"Cardano bets $70 mln on its future: Will ADA be next to explode?"},"content":{"rendered":"

\t\t\t\t\t\t\t\tKey takeaways<\/p>\n

Cardano community approves $70 million grant to IOE for upgrades. With ADA holding key technical support levels, a breakout above $0.74 could set the stage for further upside.<\/p>\n

Cardano [ADA]<\/a> is gearing up for a major leap forward. The community has approved a $70 million grant for Input Output Engineering (IOE) to lead key upgrades across the network.<\/p>\n

With funds released based on milestones and built-in transparency checks, the move would strengthen trust and potentially bring fresh momentum for ADA\u2019s price.<\/p>\n

Cardano community approves $70 mln grant<\/p>\n

The Cardano community has approved<\/a> over 96 million ADA (worth roughly $70 million) for Input Output Engineering (IOE) to execute<\/a> major upgrades on the network.<\/p>\n

Backed by nearly 74% of voters, the proposal is one of the largest treasury allocations in Cardano\u2019s history.<\/p>\n

\n

\u201cThe roadmap, developed in alignment with community priorities and approved earlier this year, outlines one of the most ambitious development phases in the chain\u2019s history.\u201d<\/p>\n<\/blockquote>\n

With this, IOE announced its focus on improving scalability, cross-chain functionality, and developer tools through upgrades like Ouroboros Leios, Hydra, and Mithril.<\/p>\n

The grant will be disbursed in phases, tied to specific milestones, with oversight from Intersect and on-chain smart contracts to ensure transparency and accountability.<\/p>\n

The IOE has also announced intent to publish regular updates and budget reports, to keep the community informed and engaged.<\/p>\n

Development activity spikes<\/p>\n

Cardano\u2019s development activity has surged notably, with a rising number of contributors driving consistent code updates in late July.<\/p>\n

This uptick came even as ADA\u2019s price dropped below $0.62, so builder confidence remained strong despite market weakness.<\/p>\n

\"cardano\"<\/a><\/p>\n

Source: Santiment<\/p>\n

As of early August, ADA has rebounded to $0.735, in line with a fresh rise in dev activity and contributor count.<\/p>\n

These would be a sign of growing investor optimism tied to the $70M grant approval and upcoming upgrades, making a case for a sustained recovery.<\/a><\/p>\n

ADA holds support as bulls test key MAs<\/p>\n

ADA attempted a rebound after finding support near $0.69, just above the lower Bollinger Band.<\/p>\n

Trading at $0.7304 at press time, ADA sat above the 200 EMA ($0.7067) and was retesting the 50 EMA ($0.7240) as resistance.<\/p>\n

The MACD remained in bearish territory but showed signs of easing momentum, hinting at a potential bullish crossover. Bollinger Bands were tightening, suggesting a volatility squeeze could happen.<\/p>\n

\"cardano\"<\/a><\/p>\n

Source: TradingView<\/p>\n

If ADA reclaims the midline and clears $0.74, it could target $0.79 next. Failure to break above the 50 EMA may trigger another drop toward $0.68. Price structure will remain neutral-bullish as long as support holds.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\tPrevious: Bitcoin whales playing smart or playing you? $110K floor looks suspect<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\tNext: Is Operation Chokepoint 3.0 here? Here\u2019s everything you need to know\u2026<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Key takeaways Cardano community approves $70 million grant to IOE for upgrades. With ADA holding key technical support…\n","protected":false},"author":3,"featured_media":117965,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[3244,64,67,132,68],"class_list":{"0":"post-117964","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-business","10":"tag-united-states","11":"tag-unitedstates","12":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114970063272379809","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/117964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=117964"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/117964\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/117965"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=117964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=117964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=117964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}