Cardano's recent movements over the past few months are indeed worth paying attention to. On the technical level, the Midnight privacy sidechain has officially launched, and the cross-chain bridge with Solana is about to be activated, which is expected to introduce DeFi liquidity on the scale of 95 billion dollars into the ecosystem.

From a policy perspective, the advancement of the U.S. CLARITY Act may change the classification definition of crypto assets. If ADA is classified as a commodity rather than a security, the ETF approval channel will open accordingly — this is significant for mainstream institutions entering the market.

In terms of market outlook, many analysts have conducted price model calculations based on the three major catalysts mentioned above. Currently, ADA is trading around 0.35 dollars. According to these prediction logics, if all three developments materialize and the market responds positively, the theoretical upside potential could reach 2.5 dollars.

Of course, the crypto market is full of variables. Whether the technical implementation will go smoothly, how policy guidance will ultimately be defined, and whether capital inflows will follow — these are all key variables in determining actual price movements.