Cardano Price Set to Explode Following Successful Bitcoin Bridge Test?
The Cardano (ADA) price is under pressure in early Tuesday trade, despite the monumental news on Monday that Bitcoin bridging firm BitcoinOS successfully just bridged BTC from the Bitcoin blockchain to Cardano and back again for the first time.
BOSes – we did it.
— BitcoinOS (@BTC_OS) May 5, 2025
On May 4 2025, we successfully demoed the first *bridgeless* transfer of BTC between Bitcoin and Cardano mainnet.
Performed with @SundialProtocol and @adahandle, using our all-new unchained token standard.
Here’s what happened.pic.twitter.com/JO9xZKrLUE
BitcoinOS was able to successfully bring 1 BTC token to the Cardano blockchain, before sending it back to Bitcoin without issues.
But that news failed to ignite much excitement, with the Cardano price last around $0.65, having broken below key technical support.
After a solid recovery rally in recent weeks on hopes that US President Donald Trump would back off from his trade war, crypto markets are coming under pressure once again.
Now down well over 10% from late-April highs, ADA has slipped back below its 21 and 50DMAs, as well as short-term support in the $0.67 area.
Nerves are understandably high ahead of an FOMC rate decision on Wednesday – the central bank could issue hawkish monetary policy guidance, potentially pressuring risk assets.
Traders also seem to be weighing fresh trade war-related developments, which have been the catalyst for a lot of crypto market volatility in recent weeks.
These macro themes are for now stealing the attention from bullish Cardano developments behind the scenes, such as BitcoinOS’s latest successful Cardano bridging demo.
Cardano is setting out to become the go-to Bitcoin DeFi side chain in the year’s ahead.
According to popular crypto analyst Dan Gambardello, this makes Cardano “the best positioned bluechip altcoin for a crypto bull market”.
— Dan Gambardello (@cryptorecruitr) May 5, 2025
Bitcoin has officially been sent to Cardano and back to Bitcoin.
Cardano is the best positioned bluechip altcoin for a crypto bull market. pic.twitter.com/WpQmD11mJd
Cardano Price Prediction – New Lows Coming?
Whilst Cardano might be positioned to perform well in a future crypto bull market, that bull market is not currently here.
Macro risks remain elevated – trade tensions might have peaked for now, but upside risks to US inflation and downside risks to the US economy are high.
— Global Markets Investor (@GlobalMktObserv) May 5, 2025
The difference between the 10-year and the 2-year Treasury yields has been positive for over 6 months.
In the past, once the yield curve turned sharply positive, the US economy was in a recession.
Is history repeating? pic.twitter.com/HxP38DbIOz
Prior altcoin seasons have come in environments of major Fed policy easing. That doesn’t appear to be on the horizon any time soon.
So traders would do well not to get overly aggressive chasing Cardano price rallies on the anticipation that “a new altcoin season is here”.
It won’t be hear until the Fed and other major global central banks are pumping liquidity, and optimism about the economy’s long-term outlook has returned.
In such an environment, its better to embrace the choppy and directionless nature of the market, and trade what you see on the charts.
ADA’s short-term technical outlook has soured so far this week. That suggests a retest of recent lows in the $0.50s could be on the cards.
Accumulate ADA on the Dip?
Despite a bearish short-term outlook and a uncertain medium-term outlook, Cardano presents a compelling long-term investment opportunity.
While trailing rivals such as Ethereum and Solana in terms of adoption, Cardano’s robust fundamentals and strategic roadmap position it for significant growth, potentially reaching $10 by the end of Trump’s term in 2029.
Investors should thus view the current range-bound price action as a chance to accumulate.
Cardano’s blockchain excels in scalability, sustainability, and security, leveraging its Ouroboros proof-of-stake protocol. Its focus on rigorous academic research ensures a resilient foundation, distinguishing it from competitors.
A key bullish narrative is Cardano’s ambition to become the premier Bitcoin DeFi chain, enabling seamless integration of Bitcoin’s liquidity into decentralized finance applications.
Initiatives like the Midnight protocol, enhancing privacy, and partnerships in emerging markets further bolster its ecosystem.
BREAKING NEWS
— Mintern (@MinswapIntern) April 12, 2025
MIDNIGHT WILL BRING MILLIONS OF USERS TO CARDANO@IOHK_Charles reveals that Midnight has been very well received and could bring millions of users to the Cardano network.
The concept of hybrid applications, whether $BTC, $ETH, $SOL, or $ADA to Midnight,… pic.twitter.com/PDYrcZWr4N
Macro uncertainties may cap near-term gains, but Cardano’s methodical development and growing use cases—spanning DeFi, supply chain, and identity solutions—signal substantial upside.
That’s especially the case against the backdrop of a historically favorable global regulatory backdrop for the crypto industry, spearheaded by the ardently pro-crypto Trump administration’s efforts to bolster the industry.
However, with a market cap still modest compared to rivals, Cardano offers asymmetric return potential.
Strategic investors can capitalize on current consolidation to build positions in a blockchain poised for exponential growth over the next four years.
The post Cardano Price Set to Explode Following Successful Bitcoin Bridge Test? appeared first on Cryptonews.
Read More
Cardano Struggles At Resistance – Expert Sees A Retest of Lower Support Levels
Cardano Price Set to Explode Following Successful Bitcoin Bridge Test?
The Cardano (ADA) price is under pressure in early Tuesday trade, despite the monumental news on Monday that Bitcoin bridging firm BitcoinOS successfully just bridged BTC from the Bitcoin blockchain to Cardano and back again for the first time.
BOSes – we did it.
— BitcoinOS (@BTC_OS) May 5, 2025
On May 4 2025, we successfully demoed the first *bridgeless* transfer of BTC between Bitcoin and Cardano mainnet.
Performed with @SundialProtocol and @adahandle, using our all-new unchained token standard.
Here’s what happened.
BitcoinOS was able to successfully bring 1 BTC token to the Cardano blockchain, before sending it back to Bitcoin without issues.
But that news failed to ignite much excitement, with the Cardano price last around $0.65, having broken below key technical support.
After a solid recovery rally in recent weeks on hopes that US President Donald Trump would back off from his trade war, crypto markets are coming under pressure once again.
Now down well over 10% from late-April highs, ADA has slipped back below its 21 and 50DMAs, as well as short-term support in the $0.67 area.
Nerves are understandably high ahead of an FOMC rate decision on Wednesday – the central bank could issue hawkish monetary policy guidance, potentially pressuring risk assets.
Traders also seem to be weighing fresh trade war-related developments, which have been the catalyst for a lot of crypto market volatility in recent weeks.
These macro themes are for now stealing the attention from bullish Cardano developments behind the scenes, such as BitcoinOS’s latest successful Cardano bridging demo.
Cardano is setting out to become the go-to Bitcoin DeFi side chain in the year’s ahead.
According to popular crypto analyst Dan Gambardello, this makes Cardano “the best positioned bluechip altcoin for a crypto bull market”.
— Dan Gambardello (@cryptorecruitr) May 5, 2025
Cardano is the best positioned bluechip altcoin for a crypto bull market. pic.twitter.com/WpQmD11mJd
Cardano Price Prediction – New Lows Coming?
Whilst Cardano might be positioned to perform well in a future crypto bull market, that bull market is not currently here.
Macro risks remain elevated – trade tensions might have peaked for now, but upside risks to US inflation and downside risks to the US economy are high.
— Global Markets Investor (@GlobalMktObserv) May 5, 2025
The difference between the 10-year and the 2-year Treasury yields has been positive for over 6 months.
In the past, once the yield curve turned sharply positive, the US economy was in a recession.
Is history repeating? pic.twitter.com/HxP38DbIOz
Prior altcoin seasons have come in environments of major Fed policy easing. That doesn’t appear to be on the horizon any time soon.
So traders would do well not to get overly aggressive chasing Cardano price rallies on the anticipation that “a new altcoin season is here”.
It won’t be hear until the Fed and other major global central banks are pumping liquidity, and optimism about the economy’s long-term outlook has returned.
In such an environment, its better to embrace the choppy and directionless nature of the market, and trade what you see on the charts.
ADA’s short-term technical outlook has soured so far this week. That suggests a retest of recent lows in the $0.50s could be on the cards.
Accumulate ADA on the Dip?
Despite a bearish short-term outlook and a uncertain medium-term outlook, Cardano presents a compelling long-term investment opportunity.
While trailing rivals such as Ethereum and Solana in terms of adoption, Cardano’s robust fundamentals and strategic roadmap position it for significant growth, potentially reaching $10 by the end of Trump’s term in 2029.
Investors should thus view the current range-bound price action as a chance to accumulate.
Cardano’s blockchain excels in scalability, sustainability, and security, leveraging its Ouroboros proof-of-stake protocol. Its focus on rigorous academic research ensures a resilient foundation, distinguishing it from competitors.
A key bullish narrative is Cardano’s ambition to become the premier Bitcoin DeFi chain, enabling seamless integration of Bitcoin’s liquidity into decentralized finance applications.
Initiatives like the Midnight protocol, enhancing privacy, and partnerships in emerging markets further bolster its ecosystem.
BREAKING NEWS
— Mintern (@MinswapIntern) April 12, 2025
MIDNIGHT WILL BRING MILLIONS OF USERS TO CARDANO
The concept of hybrid applications, whether $BTC, $ETH, $SOL, or $ADA to Midnight,… pic.twitter.com/PDYrcZWr4N
Macro uncertainties may cap near-term gains, but Cardano’s methodical development and growing use cases—spanning DeFi, supply chain, and identity solutions—signal substantial upside.
That’s especially the case against the backdrop of a historically favorable global regulatory backdrop for the crypto industry, spearheaded by the ardently pro-crypto Trump administration’s efforts to bolster the industry.
However, with a market cap still modest compared to rivals, Cardano offers asymmetric return potential.
Strategic investors can capitalize on current consolidation to build positions in a blockchain poised for exponential growth over the next four years.
The post Cardano Price Set to Explode Following Successful Bitcoin Bridge Test? appeared first on Cryptonews.
Read More