Cardano Finalizes Ouroboros Linear Leios CIP: Could It Push ADA to $10?

In a major development for the Cardano ecosystem, the much-anticipated Ouroboros Linear Leios CIP has officially been finalized and merged, marking a significant milestone in the network’s evolution. This upgrade provides a detailed technical roadmap for the protocol, setting the stage for Cardano’s transition toward the Leios implementation on mainnet.

The finalized CIP outlines the core mechanics and optimizations that will enhance network efficiency, scalability, and consensus reliability. By moving closer to Leios on mainnet, Cardano is signaling its commitment to continuous innovation and strengthening its position as a leading proof-of-stake blockchain. Stakeholders and developers are now closely monitoring the integration, which promises smoother operations and new opportunities for decentralized applications on the network.

Also Read: Cardano (ADA) On-Chain Governance Sparks Bullish Outlook With $0.90 in Focus

Cardano Gains Market Attention With Contract Growth

However, the crypto analyst DexHunter pointed out that Cardano (ADA) has also been in the news regarding the crypto markets, as the trade volume within the network has gone through the roof. According to the @TapTools on-chain analysis tool, the last 30 days have seen over 500 million ADA units traded. This also shows the interest in the Cardano network.

It is worth noting that this huge increase in trades is being witnessed at a time when the adoption of smart contract functionality and the deployment of DeFi and NFT applications on the Cardano platform are gaining momentum. It is clear that market participants are reacting to the development of the infrastructure and a healthy Cardano ecosystem, which seems like a great indicator for the growth and development of the network.

Cardano (ADA) Eyes an Explosive Rally to $10 

Moreover, another crypto analyst, Crypto Patel, highlighted that Cardano (ADA) has held the interest of crypto investors, and it is still within a very important accumulation range. After such a deep multi-year correction from the all-time high established back in 2021, the technicals for ADA now point to the possibility of institutional money entering the market and show potential for a long-term bullish revival.

Source: X

On the 2-week chart, ADA is in the process of consolidating in symmetrical formation, indicating that it is in a phase of compressive trading action after witnessing high levels of volatility. ADA is getting strong support from its macro demand zone ranging from $0.28 to $0.38.

Currently, its symmetrical outlook is being checked by its all-time high resistance. Analysts are also focusing on a breakout ranging from $1.00 to $1.20 that could work as a springboard to reach further higher levels around $10.

Also Read: Cardano (ADA) Finds Strong Support Near $0.42 As Selling Pressure Fades