Cardano Price Prediction: Can Hoskinson’s $1B RealFi Bet Stop ADA From Sliding to $0.14?
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On July 28 Cardano (ADA) rose about 1% as crypto trading volume surged 159.01% to $504.87M while ADA tested the 0.236 Fibonacci support at $0.1618 and longs absorbed $2.80M in liquidations over 24 hours, highlighting near-term price risk as it approaches the June low. IOG and the Cardano Foundation partnered with SecondFi to deploy Web3’s first ZK proof-based refund portal for June exploit victims, and Charles Hoskinson said RealFi is the product most likely to drive $1B TVL within 12 months, a potential DeFi adoption, fundraising and security catalyst.
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- Hoskinson said RealFi is Cardano’s most likely product to reach $1B TVL within 12 months, calling it the strongest near-term growth catalyst
- SecondFi deployed Web3’s first ZK proof-based refund portal in collaboration with IOG and the Cardano Foundation to compensate victims of the June exploit
- Volume surged 159.01% to $504.87M as ADA tested the 0.236 Fibonacci at $0.1618, with longs absorbing $2.80M in liquidations over 24 hours
Cardano surges 1% on July 28, pressing the last Fibonacci support before the June low while Hoskinson used Sunday’s AMA to call RealFi the single product most likely to bring $1B in TVL to the network within a year.
ADA Is Testing The Last Fibonacci Support Before The June Low
The daily chart shows ADA testing the 0.236 Fibonacci at $0.1618 after failing to hold the triangle that had been com…
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