Will Cardano’s Price Really Do This in the Coming Weeks? Panshibi Viral Meme Takeoff Is Not One to Miss
Even though Cardano’s blockchain is well known for its strong security and scalability, Cardano’s price has faced some difficulty breaking through critical resistance levels. Despite holding a somewhat solid position in the market, ADA’s price has fluctuated, according to CoinMarketCap.
As of the 17th of February 2025, ADA is trading at $0.80, which is a 3.60% increase in the last similarly, the trading volume has increased by 135.60% in the same time.
Meanwhile, Cardano founder Charles Hoskinson has stated that thehowever, this is not a financial problem; rather, it just needs a little more work.
One major aspect affecting Cardano’s pricing is the slow pace of update releases. Even though the ecosystem now has smart contract capabilities because of the Alonzo upgrade, competition from faster blockchain networks like Solana and Avalanche has hindered ADA’s uptake. Some analysts maintain their optimism in spite of these difficulties.
Recently, a prominent cryptocurrency expert on X (previously Twitter) noted that Cardano’s long-term fundamentals are still solid and that whales are still amassing substantial amounts of ADA. However, some investors are looking toward alternative assets, like meme coins, which offer rapid potential profits as a result of the absence of imminent catalysts.
