The crypto market faces a bearish weekend, and Cardano (ADA) has not been spared after a 3% drop to trade at $0.75. ADA price is also losing its footing after dropping in market cap ranking to the ninth position. Despite the bearish outlook, there are distinct reasons why ADA may recover to the upside and possibly reach higher levels. These include a strong technical outlook and higher odds that the SEC will approve a spot Cardano ETF. ADA Price Gears for a 75% Rally The key reason behind a bullish Cardano price forecast is a bullish technical outlook as it tests resistance at the upper trendline of a descending triangle pattern. ADA has been testing a breakout from this resistance line for the past two weeks. If demand rises and Cardano overcomes resistance at the 50% Fibonacci level of $0.91, it will fuel a 75% run to the $1.32 price…. Read More at Coingape.com
The crypto market in 2025 is facing intense turbulence. The capitalization of once-hot trends like meme coins has plummeted. Capital has flowed out of decentralized finance (DeFi) protocols, driving DeFi’s total value locked (TVL) down from $120 billion to around $87 billion.
In this context, Sonic stands out. It has consistently hit new TVL highs, reaching $1 billion in April after growing nearly 40 times since the beginning of the year. So, what makes Sonic a bright spot amid a stormy market?
Investors Are Pouring Capital into Sonic
Sonic has made its mark with a rapid TVL growth rate, far outpacing better-known blockchains. According to DefiLlama, Sonic reached $1 billion in TVL within 66 days. In comparison, Sui took 505 days, and Aptos needed 709.
This achievement reflects strong capital inflows into the Sonic ecosystem despite the broader DeFi trend of capital withdrawal. Data from Artemis supports this, ranking Sonic as the second-highest netflow protocol this year—trailing only Base, a blockchain backed by Coinbase.
The growth goes beyond TVL numbers. Sonic’s ecosystem is attracting various projects, including derivatives exchanges like Aark Digital and Shadow Exchange and protocols such as Snake Finance, Equalizer0x, and Beets. These projects still have small TVLs, but they have the potential to draw new users and capital, fueling Sonic’s momentum.
However, the question remains: Can this capital inflow remain sustainable while the market fluctuates?
Andre Cronje on Sonic’s Potential and Strengths
Andre Cronje, the developer behind Sonic, shared his ambition in an interview to push this blockchain beyond its competitors.
“Sonic has sub-200 millisecond finality, faster than human responsiveness,” Andre Cronje said.
According to Cronje, Sonic isn’t just about speed. The platform also focuses on improving both user and developer experience. He explained that 90% of transaction fees go to dApp, not to validators, creating incentives for developers to build.
Unlike other blockchains, such as Ethereum, which are limited by long block times, Sonic leverages an enhanced virtual machine that theoretically processes up to 400,000 transactions per second. Cronje acknowledges, however, that current demand has yet to push the network to its full capacity. Still, these technical advantages make Sonic a compelling option for developers seeking more user-friendly dApps.
He also revealed new features on Sonic that have the potential to attract users.
“If your first touch point with a user is to download this wallet and then buy this token on an exchange, you’ve lost 99.9% of your users. They’ll use their Google off-email password, fingerprint, face, whatever it is, to access the dApp and interact with it, and they’ll never need to know about Sonic or token,” Andre Cronje revealed.
Risks and Challenges Ahead
Despite reaching impressive milestones, Sonic is not immune to risk. The price of its token, S, has declined significantly from its peak. According to BeInCrypto, it has dropped around 20% in the past month—from $0.60 down to $0.47—mirroring the broader market’s volatility.
Furthermore, Grayscale recently removed Sonic from its April asset consideration list. This decision reflects a shift in the fund’s expectations and raises concerns about Sonic’s ability to maintain its TVL should investor sentiment deteriorate.
Sonic also faces fierce competition from other high-performance chains like Solana and Base. Although Sonic holds a clear advantage in speed, long-term user adoption will depend on whether its ecosystem can deliver real value, not just high TVL figures.
Hedera (HBAR) has recently seen a shift in momentum after enduring a tough seven-week downtrend. The price of the altcoin dropped from $0.265 to as low as $0.130, signaling a significant decline.
However, there is optimism now, as HBAR seems poised to recover its losses. While this may signal a positive turn for investors, some traders could face significant liquidations.
Hedera Investors Are Gunning For Gains
The Chaikin Money Flow (CMF) indicator is showing signs of improvement, recently entering the positive zone above the zero line. This indicates that inflows are significantly outpacing outflows, suggesting a bullish outlook for HBAR.
Investors seem to have regained confidence in the token, entering at lower price levels in anticipation of price gains. The CMF is at its highest since the beginning of 2025, further reinforcing this positive sentiment and signaling that the altcoin’s prospects are improving.
The liquidation map indicates a significant event for short traders. As HBAR price approaches $0.178, shorts are at risk of facing $20 million in liquidations. This resistance level is crucial, and if HBAR breaches it, it could shift traders’ sentiment from bearish to bullish.
The looming liquidations would likely fuel more buying pressure, pushing the price upward. The recent market conditions hint at a potential breakout, which could drive HBAR into new territory, benefiting those who’ve entered the market at a low point.
HBAR is currently trading at $0.171, marking a 3.3% gain today. While this increase may seem modest, the price action is more significant in the context of breaking a seven-week downtrend. This shift is creating optimism among investors, and it suggests that the altcoin is poised for further recovery.
The immediate next resistance lies at $0.177. Given the rising optimism and improving market conditions, there is a strong possibility that HBAR will break through this level. A successful breach could see HBAR pushing towards $0.197 and even reaching $0.200, which would confirm a bullish trend reversal.
However, if HBAR fails to break through $0.177, the altcoin could experience a pullback. This would result in the price falling to $0.154, with further decline potentially bringing HBAR down to $0.143. Any drop below $0.154 would invalidate the bullish outlook and may continue the downtrend.
In a much-awaited development that could shake up the digital asset space, a recent filing indicates that ProShares Trust may launch an XRP Exchange-Traded Fund (ETF) on April 30, 2025. While the U.S. Securities and Exchange Commission (SEC) has yet to confirm a final approval, the proposed public offering date is now in black and white, raising hopes—and eyebrows—across the crypto market.
The buzz began when industry sources reported on a U.S. SEC document showing ProShares’ registration statement under the Investment Company Act with an “approximate date of public offering” set for April 30. While not yet a formal green light, this is the clearest signal yet that an XRP ETF is imminent.
XRP Price and Market Sentiment
The XRP price surged on the news, outperforming most altcoins over the weekend. Market analysts say that the ETF speculation aligns with strong technical setups forming across the crypto landscape, particularly falling wedge breakouts, a classic bullish pattern.
The Bigger Picture
While questions remain—such as why only ProShares has surfaced with a proposed launch date, and where BlackRock, Fidelity, and others stand—most experts agree this is a pivotal moment for crypto. If confirmed, XRP would join a select club of U.S.-regulated ETF offerings, a move that could open the floodgates for institutional capital.
The post XRP ETF Incoming: SEC Approves April 30 Launch for ProShares appeared first on Coinpedia Fintech News
In a much-awaited development that could shake up the digital asset space, a recent filing indicates that ProShares Trust may launch an XRP Exchange-Traded Fund (ETF) on April 30, 2025. While the U.S. Securities and Exchange Commission (SEC) has yet to confirm a final approval, the proposed public offering date is now in black and …
