The Cardano price (ADA) has fallen nearly 8% in the past 24 hours, reinforcing a bearish short-term Cardano price prediction as the broader crypto market shows signs of entering a deeper correction.
However, a new development on the Cardano network could soon help turn the tide in ADA’s favor.
This week, USDM, a native Cardano-based stablecoin developed by Moneta, officially launched.
Charles Hoskinson, Cardano’s founder, has called it “the most advanced stablecoin ever built,” suggesting it could be a game-changer for the Cardano ecosystem as it competes for real-world utility and institutional interest.
Moneta’s stablecoin is a privacy-focused asset that caters to enterprise-grade needs.
According to data from DeFi Llama, stablecoin reserves in Cardano currently sit at $36 million – a negligible amount compared to the more than $11.4 billion reserves boasted by Solana and mere pocket change compared to $133 billion in stable assets parked in the Ethereum Virtual Machine (EVM).
Moneta (USDM) already dominates this market with a 32% dominance. The reason for this is that Cardano does not support traditional stable assets like USDT or USDC.
Hence, the launch of USDM could foster a new era for Cardano’s DeFi ecosystem, which supports a long-term bullish Cardano price prediction.
Cardano Price Prediction: ADA Hits Key Trend Line Support Today
Trading volumes today have increased by 9% as the price of ADA has hit a key trend line support. The crypto market was in need of a more pronounced correction like this after rallying for nearly a month.
We can see that negative momentum has been accelerating as ADA got close to $1. The 9-day exponential moving average (EMA) seems poised to cross below the 21-day EMA and send a first ‘sell’ signal while the price has also hit the 200-day EMA.
The confluence between ‘TL1’ and this key indicator increases the odds of a strong bounce. However, the price could break below this area and could still find support at ‘TL2’. This scenario would still keep the uptrend alive while the last line of defense before a ‘trend reversal’ verdict can be given would be the $0.61 level.
The price action still favors a bullish Cardano price prediction at the moment as long as any of these support areas hold.
The launch of USDM is exciting news for ADA. However, the best crypto presales like SUBBD (SUBBD) could outperform well-established tokens, especially as ‘altcoin season’ could start at any moment.
SUBBD Raises Nearly $1M to Build the Ultimate Platform for Creators
SUBBD (SUBBD) is reimagining how influencers earn online, giving them full control, better payouts, and a censorship-free space to grow.
This new platform lets creators monetize not only their original work but also AI-generated content, opening the door to real passive income.
With nearly $1 million already raised in its presale, SUBBD is quickly becoming one of the most exciting creator-focused projects in crypto.
This project stands out by offering low platform fees and removing the unfair bans that often limit creators’ earnings on centralized platforms.
Through the SUBBD governance token, influencers get a real voice in shaping moderation policies — something unheard of in traditional content platforms.
Fans can also use the token to unlock subscription discounts, get early access to features, and enjoy other exclusive perks.
With over 2,000 creators already onboarded and millions of followers behind them, demand for SUBBD could surge rapidly once the platform launches.
To buy $SUBBD at its discounted presale price and reap the highest returns, head to the SUBBD website and connect your wallet (e.g., Best Wallet).
You can either swap USDT or ETH or use a bank card to invest.
The post Cardano Price Prediction: New Stablecoin on Cardano Praised as ‘More Advanced’ Than USDC – Will Investors Finally Take Notice? appeared first on Cryptonews.
