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Key Takeaways:
- Cardano community approved $71M for core development in a historic vote.
- ADA must break $0.80 resistance to target the $1 level.
- Roadmap includes scalability and decentralization improvements.
Cardano (ADA) surged in both price and sentiment this week after its community approved a landmark $71 million grant (96 million ADA) to fund the chain’s core development roadmap. In a historic governance vote, 74% of participants backed the proposal, making it the first time that Cardano’s community treasury has directly financed protocol upgrades.
The funding will support a year-long roadmap led by Input Output Engineering (IOE), Cardano’s primary development team. It marks a major milestone in Cardano’s shift toward decentralized decision-making and transparent delivery.
Milestone-Based Delivery, Transparent Oversight
All funding under this proposal is tied to milestone-based progress and verified through smart contracts. IOE is now required to publish monthly updates, engineering logs, and quarterly budget reports. Oversight will be maintained by Intersect, the chain’s decentralized governance body.
“This vote of confidence empowers us to move forward with full transparency and shared responsibility,” said Tim Harrison, EVP of Community & Ecosystem at IOE.
Planned upgrades will focus on improving scalability, interoperability, and developer onboarding — all crucial steps to elevate Cardano’s competitiveness among Layer-1 blockchains.
ADA Price Faces Resistance at $0.80
ADA is currently trading near $0.74, just under a critical resistance zone between $0.78 and $0.80. Breaking above this descending trendline could set the stage for a move toward the psychological $1 level.
Technical charts show strong support near $0.58, offering a key invalidation level for bullish scenarios. However, sustained volume and a successful flip of resistance to support are needed for ADA to regain bullish momentum.
ADA’s Bull Case Grows Stronger
With community-driven funding, Cardano has signaled a serious commitment to decentralization and long-term development. If the roadmap delivers and ADA breaks key resistance, the $1 milestone may be within reach sooner than expected.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Cardano Approves $70M for Network Upgrades
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