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The Coin Rise 2025-04-14 20:09:12

Cardano’s Google Trends Surge Sparks Breakout Hopes for ADA

Cardano’s Google Trends Surge Sparks Breakout Hopes for ADA

Recent data from Google Trends shows that global search interest in Cardano (ADA) has increased. This rise in interest is similar to the levels seen in November 2024. Intriguingly, many market watchers believe this could lead to a price breakout for the cryptocurrency. What Will Become of Cardano’s Price According to a post on X , AngryCryptoShow highlights that the current global interest in Cardano matches the November 2, 2024, level. During that time, ADA experienced a price increase, rising from $0.36 to $1.14 in just three weeks, an impressive gain of nearly 300%. Notably, the recent increase in search volume suggests that more retail and institutional investors are interested. This can often lead to price changes. Analysts also think that the growing curiosity among investors and the public could lead to more ADA purchases and a price increase. Meanwhile, from April 7 to April 14, 2025, ADA’s price increased by 22.86% from approximately $0.54 to $0.66. While search trends do not always predict price changes, past data shows that increases in online interest often match market movements. As search interest in ADA remains high, everyone is watching to see if it can perform as well as it did in the past. Will ADA Break Past $3? Cardano has been a standout asset this year , attracting attention from large-scale buyers, specifically after Grayscale increased its ADA holdings in its Smart Contract Fund. Grayscale increased ADA’s allocation to 18.23%, making it the fund’s third-largest asset behind Ethereum (ETH) and Solana (SOL). This move fueled optimism, pushing ADA’s price up 9.1% in a single day to $0.65, despite a 20% dip in trading volume. Beyond institutional interest, major buyers have acquired 130 million ADA in just three days, signaling renewed confidence in the asset. Historically, such accumulation phases have preceded significant price surges as supply tightens. Factors supporting Cardano’s growth include expanding Decentralized Finance (DeFi), smart contract upgrades, and regulatory developments. Cardano Floats New Digital Identity Platform Some weeks ago, the Cardano Foundation created Veridian, which enables people and businesses to control their online identities. Instead of centralized systems that store personal data, Veridian uses blockchain technology to keep identities safe and private. Veridian also adds an extra layer of security to Cardano’s blockchain , helping to make Cardano a top choice for secure digital identities. It is worth noting that Veridian is built using three major technologies. The first is Key Event Receipt Infrastructure (KERI). The second and third are Decentralized Identifiers (DIDs) and Authentic Chained Data Container (ACDC) Credentials. Alongside the platform, the foundation also launched the Veridian Wallet, which helps users manage their credentials, private keys, and digital identifiers. This move strengthens Cardano’s position in the growing world of decentralized identity solutions. The post Cardano’s Google Trends Surge Sparks Breakout Hopes for ADA appeared first on TheCoinrise.com .

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