Where will Cardano (ADA) go after the new card launch?

An analyst from platform X has recommended not to sell Cardano (ADA) below the $5 threshold during this cycle, citing the long term growth potential of the project as still very significant. This recommendation comes in the context of the Cardano ecosystem making notable developments, including the launch of the Cardano payment card.

Developed by Emurgo — the entity responsible for promoting the commercial application of the Cardano blockchain — this card allows users to easily withdraw cash from digital assets, including ADA, Bitcoin, Solana, and even stablecoins like USDC or USDT.

The launch of the Cardano Card not only helps connect the world of cryptocurrency with traditional finance but also opens up the possibility of using digital assets in everyday transactions. Users can spend globally while still contributing to the expansion of the Cardano ecosystem – an important step towards the mainstream adoption of crypto in real life.

Features and Benefits of Cardano Card

The Cardano Card is designed with the goal of simplifying the use of cryptocurrency on a global scale. Users can load ADA, BTC, SOL, or any supported token onto the card to conduct direct transactions in real life, from shopping and dining to paying for services.

Although advanced use cases will be added over time, it is clear from the initial announcement that the project's direction is to bring blockchain closer to the ordinary user through everyday applications.

However, the Cardano Card is not just a payment tool. This card also plays a role as part of the governance mechanism of the Cardano network. Specifically, a portion of the profits from the card's operations will be donated back to the Cardano Treasury (Cardano Treasury), thereby promoting the development and sustainability of the ecosystem in the long term.

This is a step that clearly reflects Emurgo's vision for decentralized governance and commitment to empowering the community within the Cardano ecosystem.

In addition to spending functions, the Cardano Card also promises to bring many interesting utilities. Cardano holders will be able to stake their ADA to earn rewards, use ADA as collateral to borrow stablecoins, and receive on-chain ADA rewards for purchases made with the card.

Then, users will be eligible to receive exclusive airdrops and have the potential to profit from actual asset deposits (RWA) that are tokenized.

These features are designed to interact with users and empower users more over their cryptocurrencies.

ADA Price Performance and Analysts' Predictions

As the Cardano ecosystem continues to expand and make significant progress, the price of ADA has experienced notable fluctuations. At the time of writing, ADA is trading around $0.74, up 2% in the last 24 hours and over 21% in the last 7 days. Although there are short-term price fluctuations, the overall market sentiment remains quite positive, with many analysts believing that ADA still has room for long-term growth.

One of the notable voices is Mr. Banana, a renowned market analyst on platform X, who has recommended not to sell ADA at the current stage. He predicts that this token could increase by 6 times its value, while also suggesting that investors should hold until ADA reaches a new historical peak — 5 dollars in this bullish cycle.

Mr. Banana's confidence is based on the solid foundation of the Cardano ecosystem, even though he did not provide specific details about the forecasting model. However, his optimistic view is reinforced by a series of positive recent developments in the Cardano community.

Among them, the launch of the Lace Wallet has made a significant impact. This is considered an important milestone, paving the way for the deployment of decentralized finance (DeFi) to Bitcoin users within the Cardano ecosystem – a potential bridge between the two major networks.

In addition, the community is also full of hope for the potential launch of the Cardano spot ETF — a factor that could unlock institutional capital and strengthen ADA's position in the traditional financial market.

On-chain data of Cardano price recently indicates a growth momentum

The latest on-chain metrics show that activity on the Cardano network is increasing significantly. Specifically, the number of unique user addresses (NA) has risen by 4.79% in the past week, reflecting an increase in user traffic on the blockchain.

Notably, the number of active addresses (AA) — which represent wallets performing transactions — has surged by 11.99%, indicating that the transaction volume is larger or the network is attracting more users interacting actively.

These figures not only reinforce confidence in the growth momentum of Cardano but also highlight the increasingly vibrant ecosystem — a key factor in sustaining and driving the value of ADA in the long term.

The operational address of Cardano | Source: IntoTheBlockIn addition to network activity metrics, the ZBA value (Zero Balance Addresses) – representing the number of addresses returning a balance of zero – has increased by 12.26%. This may reflect that some investors are selling or liquidating assets, possibly due to short-term market adjustments or changes in usage intentions. However, looking at it from a positive perspective, this indicates that the Cardano network continues to maintain dynamic and healthy activity, rather than falling into a state of stagnation.

At the same time, the balance chart over time continues to show a positive trend in the holding behavior of the community. The percentage of long term investors, those holding ADA for over a year, has increased by 1.81%, indicating strong confidence in the long term potential of the project.

In particular, the medium-term holder group — also known as cruisers, those who hold ADA for 1 to 12 months — has increased significantly by 7.65%, indicating that smart money is actively accumulating in the current phase.

This data not only reflects the stability of the Cardano community but also highlights the strategic shift from short-term trading to long-term accumulation — a factor often associated with sustainable growth phases.

Balance over time held, Cardano | Source: IntoTheBlockOn the contrary, the number of short-term holders of ADA — those who hold the token for less than a month — has decreased by 11.75%. Although this can be seen as a sign of adjustment from the group of day traders, it also reflects a positive shift in market structure.

Specifically, more and more users are shifting from a speculative mindset to long term holding, indicating that they are becoming loyal holders and more committed to the Cardano ecosystem. This trend is an optimistic indicator, showing an increasing confidence in the future of the project, as well as the sustainable growth potential of ADA in the upcoming cycles.

Minh Anh