Cardano News Today: While Cardano Holds Steady at $0.50, Competing DeFi Projects Skyrocket 250% During Presale

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Cardano News Today: While Cardano Holds Steady at $0.50, Competing DeFi Projects Skyrocket 250% During Presale

Bitget-RWA2025/11/13 02:46

By:Bitget-RWA

- Cardano (ADA) faces critical support at $0.50, with analysts warning a break below risks prolonged consolidation before potential $0.70 recovery. - DeFi project Mutuum Finance (MUTM) surged 250% in presale, now valued at $0.035, with analysts projecting $0.06 by Phase 7 as a "next $1 crypto" candidate. - Rapid growth of MUTM and projects like Morpho (MORPHO) and Sei (SEI) highlights shifting investor focus toward high-yield, scalable DeFi solutions over slower-moving giants like ADA . - Cardano's Sepolia

Cardano (ADA) finds itself at a pivotal moment as it faces resistance near $0.60 and tests crucial support at approximately $0.50. Experts caution that maintaining this level is essential for ADA to regain momentum toward a possible recovery to $0.70. Current technical analysis points to a potential bear trap forming around $0.5348, with some market participants anticipating a bounce that could revive ADA’s longer-term upward trend, according to a

Cryptopolitan analysis

Cardano News Today: While Cardano Holds Steady at $0.50, Competing DeFi Projects Skyrocket 250% During Presale image 0

Despite this, Cardano’s sizable market capitalization and slower pace of growth have prompted some investors to explore other options, especially within the rapidly growing decentralized finance (DeFi) sector.

The evolving crypto market also reflects changing investor preferences. Although Cardano’s founder, Charles Hoskinson, has confidently predicted

ADA

could overtake

Bitcoin

by 2030, as highlighted by

FinanceFeeds

, many are now gravitating toward projects with faster growth. For example, Little

Pepe

(LILPEPE) is gaining popularity as a

meme

utility token built on a Layer 2 network, offering zero trading fees and a dedicated launchpad. At the same time,

Morpho

(MORPHO), a DeFi lending platform, and

Sei

(SEI), a high-speed blockchain designed for trading, are drawing interest for their scalability and yield opportunities, as referenced in the

FinanceFeeds report

For

Cardano

, the future depends on its ability to maintain support near $0.50. Technical signals indicate that holding this level could spark a breakout rally, though there remains a significant chance of a short-term pullback, according to the

Cryptopolitan analysis

. Should ADA fail to defend $0.50, it may enter a period of consolidation before making another attempt to move higher. Meanwhile, the swift growth and strong community backing of smaller, utility-driven projects highlight their attractiveness in today’s market.

Investors are also keeping an eye on Cardano’s upcoming initiatives, such as the Sepolia testnet rollout, which aims to introduce lending, borrowing, and yield generation features, as mentioned in the

Cryptopolitan analysis

. However, it may take time for these advancements to impact ADA’s price, giving more nimble projects an opportunity to gain ground in the meantime.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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