Cardano (ADA) price has been recovering and recently crossed the important resistance level at $1. This recovery is attributed to several key catalysts. First, Cardano is preparing to integrate BitcoinOS into its operations through its partnership with Emurgo, which will give it access to a $2 trillion market. This will enable trustless bridging of BTC and Bitcoin assets to the Cardano ecosystem, making it the first layer 1 network to embrace this technology. The integration may also help boost Cardano's total value locked (TVL), which has been relatively small compared to other chains. Cardano is also gearing up for the mainnet launch of Midnight, a scaling platform, and is expected to benefit from collaborations with SpaceX and potential approval of a Cardano ETF by the SEC. The ADA price is expected to continue rising, with bulls targeting the highest point in 2024, which is about 30% above the current level.



Other News from Today