- A debate over Cardano’s future direction has created a “narrative crisis” in its community.
- This comes as the network’s on-chain metrics show strength, with staking addresses topping 1.3M.
- Analysts are watching to see if the internal friction will impact the ADA token’s price.
Cardano (ADA) is facing a moment of truth. Once propelled by strong narratives like the promise of $ADA ETFs, the launch of Bitcoin DeFi, and advancements like Midnight, recent discussions have taken a sharp turn.
According to analyst Dan Gambardello, the blockchain needs an urgent narrative reset to avoid derailment. Headlines suggest ADA may be sold for underused stablecoins or converted to Bitcoin.
These emerging perspectives are gaining traction, yet many in the community, including Gambardello himself, strongly disagree. The concern is that these new directions are not only unconvincing but risk undermining the network’s hard-won progress at a crucial time in the market cycle.
A “Narrative Crisis” Is Sparking Community Division
The growing debate over Cardano’s strategic path has led to rifts within a previously united community. The discourse has become so toxic at times that influential figures like @cardano_whale have announced breaks from social media platforms.
Related: Charles Hoskinson Moves to Calm Cardano Community Nerves Over ADA Treasury Plan
Gambardello urges ADA supporters to accept differing opinions and keep the conversation civil. Crypto is fast-paced and emotionally charged, but that should never eclipse mutual respect. Many holders track their crypto journeys online for enjoyment, not conflict. As Gambardello emphasizes, it’s time for Cardano supporters to focus on growth, not infighting.
Despite Internal Friction, On-Chain Metrics Remain Strong
Despite internal friction, Cardano continues to mark significant milestones. As reported by TapTools, staking activity crossed the 1.3 million user milestone, placing Cardano among the top active staking networks.
This surge reflects sustained community commitment and hints at long-term engagement. A key catalyst behind this growth is Bitstamp’s May 28 decision to offer ADA staking to UK users.
Additionally, the Cardano team is working on infrastructure upgrades, aiming to refine node architecture and introduce a new reward model that supports smaller operators. These steps are designed to build a more resilient and inclusive network.
ADA Price Analysis: A Look at the Mixed Technical Signals
ADA’s price currently hovers around $0.6549, reflecting a 3.95% gain over 24 hours. Trading volume also jumped 42.13%, signaling bullish interest.
However, technical signals remain mixed. The MACD shows bearish divergence, while RSI is at 43.45 suggesting room for further upside. Support lies near $0.638, with resistance forming at $0.655 and a psychological barrier at $0.660.
Related: Hoskinson: Cardano’s 1.7B ADA Treasury Could Earn $5–10 Million in ADA Each Year
Meanwhile, ADA’s open interest rose by 2.61% to $380.8 million. Binance leads with the highest exposure, followed by Bybit and OKX.
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