Traders tracking Cardano price forecast now look for confirmation from the weekly candle close above $0.40, which historically has triggered rallies toward $0.48-$0. Terms and Privacy Policy Your Privacy Choices CA Privacy Notice More Info Cardano (ADA), one of the most academically grounded and research-driven blockchain platforms, continues to hold a unique position in the crypto ecosystem. Launched in 2017 by Ethereum co-founder Charles Hoskinson, Cardano was built with a peer-reviewed philosophy, aiming to offer scalability, sustainability and interoperability. Unlike many other Layer-1 chains, Cardano uses a methodical and phased development approach, including formal verification to ensure the integrity of its codebase. According to derivatives market data, Cardano price forecast is buoyed by long positions reaching 63% of total ADA contracts open this week.