ADA (Cardano) increased by 6.43% in the past 24 hours, currently trading at $0.43

Gate News Bot Message, January 06, According to CoinMarketCap data, at the time of press, ADA (Cardano) is trading at $0.43, up 6.43% in the past 24 hours, reaching a high of $0.43 and a low of $0.33, with a 24-hour trading volume of $912 million. The current market capitalization is approximately $15.378 billion, an increase of $929 million from yesterday.

Important recent news about ADA:

1️⃣ Ecosystem Collaboration Expectations and Expansion of Privacy Financial Infrastructure
Cardano founder Charles Hoskinson stated that integrating the Midnight privacy sidechain with the DeFi ecosystem based on XRP Ledger could fundamentally disrupt traditional banking systems. The plan aims to introduce more efficient investment and financial application scenarios into the XRP ecosystem. Ripple CTO David Schwartz recently publicly acknowledged the Midnight project, and high-level interactions between the two sides are interpreted by the market as a sign of expanding cooperation space between the two ecosystems. This potential cross-chain alliance, especially in the context of accelerating tokenization of real-world assets (RWA), brings new growth expectations for Cardano’s long-term development and helps strengthen market recognition of ADA ecosystem value.

2️⃣ Wallet Security Risks and Challenges to User Confidence
Cardano users are facing advanced phishing attacks targeting the Eternl Desktop wallet. Attackers lure users to download malicious installers containing remote management tools by forging official emails. These programs can execute remote commands and maintain persistent control over the system, threatening users’ private keys and asset security. Such security incidents highlight potential vulnerabilities in Cardano ecosystem wallet applications, which may negatively impact user confidence and ecosystem participation in the short term. However, they also push relevant parties to enhance security awareness and mechanisms.

3️⃣ Technical Breakthrough Windows and On-Chain Capital Improvements
From a technical perspective, ADA has rebounded about 13% since the December 25th low, with prices approaching the key trend line in the $0.38 to $0.39 range. Daily RSI indicators show a bullish divergence, with selling pressure diminishing and bearish momentum weakening. On-chain data indicates that large whales holding between 100 million and 1 billion ADA significantly increased their holdings after December 26th, with an increase of about $41 million. Meanwhile, selling pressure from tokens with spent age intervals has decreased by approximately 22%, indicating a more stable supply environment. These factors collectively suggest the possibility of upward price movement; if ADA can effectively reclaim the $0.38 key level, the theoretical upside could reach $0.69.

This message is not investment advice. Please be aware of market volatility risks when investing.