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Charles Hoskinson Cardano’s founder has expressed his positive outlook over the future growth and adoption of cryptocurrencies; he believes that the mainstream adoption is expected to reach new heights with the passing of bills as big companies like Facebook, Apple, and Microsoft are waiting to integrate these services in their platform.
As per the ADA founder, the bills under decisions like the stablecoins bill and the market structure bill approval will open a new path, leading to a surge in adoption, as known companies are awaiting approval to integrate crypto into their platforms.
Regulators’ approval could improve the image of crypto
While talking to Scott Melkar, Hoskinson said that after the bill is passed, there is a greater chance that companies like Facebook, Apple, and Microsoft will be inclined towards crypto. Some companies have already identified it as a mode of payment.
He quotes, “ Once the stablecoin and market structure bills pass, that opens the floodgates: Apple, Facebook, Google, and Microsoft will put crypto wallets in their platforms. When you add their users up, it’s 3 billion people.”
Price analysis of Cardano
Despite claims, statements, and opinions, the price of Cardano continues to fall, going down by 10.03% in a week and exchanging hands at $0.6792.
According to TradingView data, ADA’s press time trading prices are below 20, 50, 100, and 200 exponential moving averages. The prices have been down by 19.60% since the beginning of 2025; however, in the 52-week time frame, Cardano added 4.32%.
The market capitalization of Cardano is down by 7.36% in a week and is at a loss of 19.39%; the cap is below the 20, 50, 100, and 200 exponential moving average.
After analyzing the trends and technicals, the nearest visible support of ADA is $0.61085, followed by $0.48130, and if bulls come into the field, the resistance is $1.03026, followed by $1.15981.
The mark of $1 is much anticipated, and if the target is achieved in the coming weeks, it may grow and surpass its all-time high of above $3.
Crypto market price updates
When writing, the crypto market cap was $2.72 trillion with an addition of 2.45%, and at the same time, trading volume was also up by 23% and is $77.07 billion.
The recovery in the prices doesn’t help the fear and greed index to recover as it is at 24, indicating a growing fear in the sentiments of traders and holders.
In the past 24 hours, the gainers are Fartcoin, Curve DAO, Render, Sonic, Berachain, Pepe, Jasmy Coin, and Jito; at the same time, the losers are DeXe, Story, Jupiter, Kucoin Token, Celestia, Ethena USDe, and Four.
