From ‘ghost chain’ claims to 20% surge – What’s happening to Cardano?
Here's a look at why the altcoin is in the spotlight again.
Cardano’s [ADA] is having a great new year! Pace has returned, but not without the usual skepticism. Will this surge be a prolonged stretch, or is it just an impulse push to good news?
Leios upgrade takes shape
The current buzz around Cardano may have to do with progress on its upcoming Leios upgrade. A recent post on X showing IOG’s tracker proves that the work is moving forward with measurable success.
The main improvement proposal is already 67% complete, while the technical design stands at 46%. Other goals, like proving 1,000 transactions per second and rolling out a testnet, are still in early stages, but seem clearly planned.
Leios is a long-term upgrade stretching into 2026. For ADA holders, this helps explain the firm belief.
A strong vote of confidence
Another boost for Cardano comes from Grayscale’s latest portfolio rebalance.
ADA now makes up 18.55% of the Grayscale Smart Contract Fund, placing it just behind Ethereum [ETH] at 29% and Solana [SOL] at 29.55%. That’s notable, especially in a fund focused on long-term smart contract platforms.
For ADA, this extra exposure increases credibility greatly.
Has the surge paused?
ADA’s price rally over the last week has been strong, with the token close to the $0.40 level after a move up from the mid-$0.30s.
However, the chart showed that this area was a heavy zone of interest at press time, where selling pressure had started to appear. The RSI was around the neutral 50, and the CMF had slipped slightly below zero.
This means that capital inflows were slowing after the surge.
Volume was healthy, which means traders were still active.
ADA’s jump looks solid. However, it seems like the market is still on the fence about whether this move can extend or stall for a bit.
Final Thoughts
- Cardano’s rally is supported by real network progress.
- With price slowing near $0.40, ADA now needs follow-through.
