Cardano has been included in Grayscale’s newly approved Digital Large Cap Fund alongside Bitcoin, Ethereum, XRP, and Solana. ADA shows technical recovery from recent lows with a falling wedge breakout pattern suggesting potential upward movement.
Cardano investors are exploring Ethereum DeFi alternatives as ADA consolidates below $1, with Mutuum Finance raising $14.7 million in its presale at $0.035 per token. The decentralized lending platform offers peer-to-peer and smart contract-based lending services while implementing security measures including a $50,000 bug bounty program.
Cardano trades at $0.6981 after a 2.4% decline, approaching a crucial breakout from a multi-year symmetrical triangle pattern that could determine Q3 price direction.
