Cardano has attracted significant attention since the start of the month, with prices surging nearly 9% in the past 24 hours. This surge is backed by robust technical signals and organic community traction, positioning ADA as a top contender among all the altcoins. As the crypto market braces for the next wave, Cardano’s momentum across charts and social platforms hints at a potential breakout.
So what’s fueling this rise, and can the ADA price sustain above the gains?
Social Sentiment Skyrocketing: Cardano Trending Across all Platforms
Cardano isn’t climbing charts, but it is also trending on social media. The platform has recorded over 2 million ADA-related engagements in the past 24 hours, with more than 21,000 unique contributors. Twitter shows more than 1000 daily ADA tweets, with sentiment breaking down as 78% bullish, 5% bearish, and 17% neutral. Besides, platforms like LunarCrush rank Cardano in the top 10 most mentioned tokens.
What sets Cardano apart right now is its grassroots strength. Unlike some hyped-up tokens driven by influencers or paid campaigns, ADA’s current surge is powered by content creators, developer interest and community engagement. This is significant because such organic growth tends to lead to sustained interest, especially if matched with ecosystem upgrades or partnerships.
Cardano Price Forecast: Is ADA Price Heading Towards $1?
Cardano is currently trading around $0.608, showing an impressive 6% daily gain after correcting from over 8%. The token recently bounced off the $0.50 to $0.56 support zone, forming a bullish reversal. Technical indicators are leaning positive, which suggests a rise to 0.7% could be feasible in the coming days.
Bollinger bands have squeezed, suggesting a drop in the volatility but this formation usually results in a breakout. Besides, the RSI has rebounded from the lows and seems to be preparing for a parabolic recovery. This could offer a strong bullish push, which may positively impact the ADA price rally in the long term. Meanwhile, if the price clears the resistance zone between $0.602 and $0.6111 to reach the resistance of Bollinger bands, the selling pressure could increase, causing a small pullback.
However, the Cardano price has entered a bullish range, which suggests a major upswing could soon follow. Therefore, if ADA maintains this bullish trend and breaks above $0.7, a move to $0.85 and even $1 is plausible in Q3 2025. The market sentiment is cautiously optimistic, hinging on broader altcoin momentum and upcoming Cardano developments. On the contrary, if volume fades and Cardano price drops below $0.56, short-term pullbacks could delay the breakout.
Pi Coin ($PI) is rallying as it approaches the $1 mark, showing strong momentum with a 34% surge in the last 24 hours, briefly hitting $0.98. The cryptocurrency community is celebrating, with massive trading volume, bullish sentiment, and hints of major developments on the brink.
The next resistance levels for Pi are set at $1.00, followed by $1.40, while support currently sits around $0.80.
Crypto analyst Dr. Altcoin shared that the Pi Network team will make a big announcement on May 14, 2025. This date is important because it’s the same day the Consensus Summit 2025 begins in Toronto, where Pi’s founder, Dr. Nicolas Kokkalis, will be speaking. The analyst believes this news could be very good for Pi’s price. He predicts that Pi could reach $1 by May 14, go up to $2 by the end of August, and maybe reach $2 to $5 by the end of the year.
Binance Listing Soon?
According to on-chain data, a mysterious wallet made a massive purchase of 70 million PI from OKX, pushing its total holdings to 155 million PI—more than any other wallet on active exchanges. This activity has sparked speculation that a big centralized exchange (CEX) might be preparing to list Pi Coin.
These patterns mirror previous movements seen before major exchange listings, and the timing aligns with increased activity on the Pi Blockchain and preparations for KYB (Know Your Business) compliance—a requirement for official listings.
Community Excitement and Expansion
The Pi Network ecosystem is also expanding, and community hype is at an all-time high. With Pi already ranked among the top 30 cryptocurrencies by market cap on CoinGecko, many believe this is just the beginning.
The Pi community is now wondering: Which exchange will list Pi next? Could it be Binance, Coinbase, or another big player?
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Pi Coin ($PI) is rallying as it approaches the $1 mark, showing strong momentum with a 34% surge in the last 24 hours, briefly hitting $0.98. The cryptocurrency community is celebrating, with massive trading volume, bullish sentiment, and hints of major developments on the brink. The next resistance levels for Pi are set at $1.00, …
Polkadot’s DOT has witnessed a surge in trading activity over the past few days. Since last weekend, the altcoin has posted modest but consistent gains.
This move has been largely driven by renewed optimism surrounding pending regulatory decisions on DOT-backed exchange-traded funds (ETFs) in the United States. With one of those decisions expected to come on June 11, DOT is seeing a notable rise in demand among market participants.
Polkadot Gathers Steam as ETF Decision Looms
Investor sentiment around DOT has grown increasingly bullish as the US Securities and Exchange Commission (SEC) prepares to issue its final rulings on two major ETF applications this month.
DOT is gaining steam ahead of the June 11 decision, with traders betting on a favorable outcome.
This growing optimism is reflected in DOT’s price action, as it edges closer to its 20-day exponential moving average (EMA), a key indicator that signals a shift in momentum. At press time, DOT trades just below this key level, with mounting bullish pressure suggesting a potential breakout to the upside.
The 20-day EMA measures an asset’s average trading price over the past 20 days, placing greater weight on recent price movements. When an asset’s price breaks above the EMA, it is a bullish signal indicating that buyers are gaining control and a near-term uptrend may be forming.
For DOT, a sustained move above this level could confirm the growing bullish sentiment and trigger further upward momentum.
Additionally, the coin’s funding rate across derivatives exchanges remains positive, suggesting that long-position holders are willing to pay a premium, another sign of growing confidence ahead of tomorrow’s decision. At press time, the metric sits at 0.0093%, per Coinglass.
The funding rate is a periodic fee between long and short traders in perpetual futures markets. It keeps contract prices aligned with the spot market. A positive funding rate indicates that long traders are paying shorts. This suggests bullish market sentiment and a higher demand for long positions.
DOT Rally Gathers Steam, But SEC Ruling Could Be a Game-Changer
DOT trades at $4.11 at press time, recording a 3% price gain over the past day. During that period, its daily trading volume has soared 76% to $230 million, highlighting strong investor demand behind the rally.
When an asset’s price and trading volume rise simultaneously, it shows strong market interest. It also confirms the strength of the price move. This combination suggests that DOT’s uptrend is backed by demand and may have further momentum.
In this scenario, DOT could break the resistance at $4.13 and climb to $4.37.
However, an unfavorable SEC decision tomorrow could shake investor confidence and spark sell-offs. This could drive DOT’s price down toward the $3.96 level.
According to Johnny Garcia, Managing Director of Institutional Growth and Capital Markets at the VeChain Foundation, Texas will likely become the next state to establish a strategic Bitcoin reserve after New Hampshire.
In an exclusive interview with BeInCrypto, Garcia explained that states with pro-innovation leadership are more inclined to follow New Hampshire’s example. Meanwhile, others may adopt a more cautious, wait-and-see approach.
Why States Like Texas Are More Likely to Follow New Hampshire’s Bitcoin Reserve Lead
The VeChain executive described New Hampshire’s passage of House Bill 302 as a ‘landmark moment’ for digital assets. He stated that the development highlights Bitcoin’s growing recognition as a strategic financial instrument.
It also lays the groundwork to encourage wider blockchain adoption by normalizing digital assets in public portfolios.
“Momentum has been gathering at the State level since the presidential inauguration, and have commented before, there is a sea change taking place in the minds of State representatives across the general perception of Bitcoin [and other crypto assets] in the US,” Garcia told BeInCrypto.
Importantly, he believes the move could prompt the states already considering related legislation to accelerate their efforts so they don’t fall behind. The latest data from Bitcoin Laws shows that as of May 2025, 37 digital asset-related bills are active in 20 states.
Live Bitcoin Reserve Bills Across 20 States. Source: Bitcoin Laws
However, Garcia emphasized that the success of these bills depends on various factors. These include a state’s political climate, economic priorities, and risk tolerance.
“States with pro-innovation leadership, like Texas or Utah, are more likely to follow New Hampshire’s lead in short order, while others may wait to see how things play out for N.H,” he added.
With Texas now in the spotlight, there is strong optimism that similar legislation will be signed into law. Republican Governor Greg Abbott has expressed a favorable outlook toward the industry. The Texas Legislative session ends on June 2, so the decision could come any day now.
This trend highlights a clear difference of opinion between Democrats and Republicans regarding investments in digital asset reserves, a divide Garcia also acknowledges.
“These differences are nothing new, and I chalk them up to deeper-rooted perspectives, just like there are conservatives and liberals, or risk takers and those who like to play things safe. Some may try to tease out those groups and label people on one side as Democratic and the other as Republican, but I think that is too simplistic,” he said.
He acknowledged that bridging this gap poses a significant, but surmountable, challenge. The executive noted that increased cooperation can be fostered through education and a deeper understanding of the technology’s potential benefits and risks.
According to Garcia, the focus should be on identifying shared goals, such as leveraging blockchain to improve efficiency and transparency in government operations—an approach that could lay the groundwork for bipartisan collaboration.
“The ultimate goal would be to develop a thoughtful and balanced approach to digital assets that can benefit all Americans, regardless of political affiliation. This can be achieved by moving the conversation beyond partisan lines and focusing on the long-term economic and technological implications,” Garcia disclosed to BeInCrypto.
How Will State-Level Interest Impact Broader Crypto Adoption?
Whether Democrats and Republicans will ever fully agree on digital assets remains uncertain. Despite this, the introduction of bills and increased discussions at the state level signal growing interest and momentum.
Garcia said this shift marks a fundamental change in how public finance views blockchain assets, recognizing them as tools for innovation and resilience.
“It, combined with the strength of Bitcoin, has rekindled the discussion around ‘digital gold’ and could help reshape public finance by introducing decentralized, censorship-resistant assets into traditional portfolios,” he commented.
It normalizes digital assets as a strategic asset class, not just speculative. This encourages more institutional and enterprise participation.
This also pushes policymakers and the public to better understand digital assets’ risks and benefits, which can lead to clearer and better regulations.
It helps build infrastructure like regulated custody and on-chain auditability. This makes blockchain adoption easier for businesses.
He also said that while accessibility remains a challenge for mainstream adoption, state-backed initiatives could foster partnerships between the public and private sectors. This collaboration could lead to the development of user-friendly wallets, custody services, and decentralized finance platforms, expanding access for both retail and institutional users.
“This aligns with our focus at VeChain on scalable, enterprise-grade blockchain solutions, and we anticipate that state-level adoption will create a ripple effect, accelerating the integration of digital assets into both public and private sectors,” Garcia remarked.
The Balance Between Opportunity and Risk in State Crypto Holdings
While the benefits inspire optimism, the reserves carry several implications for a common taxpayer. Garcia explained that supporters believe state investments could boost long-term returns and diversify away from inflation-prone assets, potentially strengthening the state’s finances and benefiting taxpayers. Yet, he claimed,
“We have not yet reached the point where Bitcoin has achieved a greater level of stability, and if it sees a similar pullback compared to previous cycles, that would greatly diminish interest in setting up reserves and could cost taxpayers money.”
Garcia warned that significant price drops could lead to losses in the state’s reserves. Thus, if the allocation is too large or poorly managed, this could potentially threaten financial stability.
“This could, in theory, lead to pressure for tax policy changes to offset those losses, although this would depend heavily on the scale of the investment and the state’s overall financial health,” he mentioned to BeInCrypto.
Garcia advocated educating taxpayers about both the benefits and risks to maintain public trust. He emphasized that the long-term impact will depend on the responsible and strategic management of these reserves.
Beyond tax concerns, Garcia detailed several challenges states may face when implementing crypto reserves.
“The volatility of digital assets remains the biggest challenge facing states looking to implement reserves, as managing this volatility within a public treasury framework will require careful consideration and potentially sophisticated risk management strategies,” he commented.
Garcia also mentioned that educating lawmakers and the public is crucial for wider acceptance, as many state officials lack expertise in digital asset management and will need training or specialists. He underlined that federal regulatory uncertainty adds complexity. Therefore, clear rules on custody and reporting are necessary.
According to Garcia, transparency and strong cybersecurity measures are other key factors essential to ensuring the long-term success of these initiatives.
The Road to a National Strategic Bitcoin Reserve
Meanwhile, Garcia pointed out that concerns over taxes and market volatility are why President Trump’s Bitcoin reserve does not include provisions for investing the country’s funds. Instead, it focuses on using forfeited assets to build the stockpile.
The SBR would involve acquiring 1 million Bitcoins over five years and holding them for at least 20 years. Garcia declared that allowing direct Bitcoin investments would depend on shifting political and economic factors.
“Allowing for such purchases will require bipartisan support in both the House and the Senate, along with the President’s signature, but as the recent stall for the GENIUS Act shows, lawmakers are far from being on the same page,” the executive shared with BeInCrypto.
Garcia believes that a clear regulatory framework for crypto and a plan to incorporate Bitcoin into a strategic reserve will eventually be established by law. Nonetheless, the timeline and specific details of these bills remain ‘challenging to predict.’
