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Cardano Hits 111M Transactions as ADA Eyes Breakout Past $0.67

Cardano

Cardano has reached a landmark moment with over 111 million transactions recorded on its network—yet another sign that the blockchain continues to thrive amid industry fluctuations. Beyond just high transaction volume, Cardano has also maintained seven consecutive years of uninterrupted uptime, setting it apart from many competitors in the space.

Growing Ecosystem with Over 2,000 Projects

Currently, more than 2,000 projects are actively building on Cardano. GitHub data shows a 27% rise in developer activity, affirming the network’s growing traction among builders. In particular, 138,996 Plutus and 7,682 Aiken smart contract scripts are already deployed, showing that Cardano’s capabilities are being utilized extensively.

There are now 1.33 million delegated staking wallets, and over 22 billion ADA—62% of its circulating supply—has been staked. These numbers reflect the confidence the community has in ADA’s long-term potential.

ADA Price Targets and Bullish Forecasts

Cardano is currently trading at around $0.57, but technical analysts are eyeing a breakout. Market watchers say that if ADA clears resistance at $0.67, it could rise toward $0.83 or even $0.91. Prominent analyst Lucky Luciano predicts that if ADA reclaims its November 2023 highs, it may reach $1.32. CoinCodex’s long-term model also projects a price range of $1.18–$1.31 by December 2027.

With bullish sentiment now at 93.8% on CoinMarketCap and major historical resistance levels in sight, ADA could be on the verge of a breakout rally.

Project Acropolis to Revolutionize Cardano dApps

A significant development underway is Project Acropolis, launched in late 2024. This tool allows developers to build decentralized applications directly within the Cardano node, removing past technical hurdles. It aims to simplify development and increase accessibility for newcomers and experienced devs alike.

As Project Acropolis matures, it may drastically lower the barrier to entry for dApp creation, potentially attracting more innovation to Cardano’s already growing ecosystem.

Cardano’s sustained performance, massive transaction count, expanding developer base, and rising investor confidence signal a promising trajectory. If the current trends continue—and with technical upgrades like Project Acropolis in the pipeline—ADA could be gearing up for a powerful run in the crypto space.

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