Riding on the recent wave of the announcement that Coinbase has launched cbADA on Base, its Ethereum Layer-2 network, the Cardano price has been holding steady at $0.57, and on-chain engagement has also risen. Coinbase fully backs this wrapped version of ADA and allows ADA to tap into the broader DeFi ecosystem across multiple blockchains.
The launch of cbADA not only makes Cardano more accessible across decentralized platforms like Uniswap and Aerodrome but also strengthens its long-term fundamentals. With increased volume, futures open interest and community momentum around ADA, traders are relooking at long term Cardano price predictions July 2025. Some analysts say $2 is an upcoming target while some project ADA reaching $10 by 2030.
Coinbase Launches cbADA on Base: Why It Matters
Coinbase just launched cbADA, a token wrapped 1:1 by ADA held in Coinbase custody, on its Ethereum Layer-2 chain, Base. This opens up ADA to DeFi platforms like Uniswap, PancakeSwap and Aerodrome, expanding Cardano market footprint. This follows Coinbase’s previous launches of cbETH and cbLTC, their liquidity-unification strategy.
cbADA is backed by full proof-of-reserves, so investor sentiment has improved, in line with $600 million in trading volume and 1.2 billion ADA in futures open interest as per multiple on-chain data services.
This is good news for DeFi on Base which has been growing steadily in TVL and transaction count since launch. It also means institutional interest in interoperable tokenization and Layer-2 DeFi is back.
On-Chain Signals: Volume Surge, Futures Open Interest, Community Buzz
Since cbADA launched, on-chain and derivatives activity around Cardano has gone ballistic. Volume is up to $600 million, from early June levels. Open interest in ADA futures is at 1.2 billion ADA, speculative and hedging activity is picking up.
The Midnight Glacier airdrop, a Cardano ecosystem incentive, has generated over 200,000 mentions on X(formerly Twitter) in one week. These numbers indicate a pick up in attention and engagement, as ADA is present during the broader crypto market bounce.
ADA Price: Support at $0.51, Resistance at $0.62
Despite short-term fluctuations, Cardano price has held up, bounced off the $0.51 support, and buyers have been defending that zone. Recent attempts to go up have hit resistance at $0.58 with technical resistance between $0.60 and $0.62.
Though Cardano price is 65% below its all-time high of $3.09, the trend suggests accumulation, not distribution. RSI (Relative Strength Index) is at 36.32, near oversold, so a short-term bounce could happen if buying momentum resumes.
However, moving averages across all timeframes are still bearish so ADA needs to break $0.62-$0.66 decisively to trigger the next leg up.
Expert Forecasts: Where Is Cardano Going?
Several platforms have updated their Cardano price predictions July 2025, from modest gains to big long term growth. Here’s what the data shows:
| Source | 2025 Forecast | 2026–2027 Mid-Term | 2028–2030 Long-Term |
| CoinCodex | $0.63 (June); avg $0.79 (Q3) | $0.76–$1.00 | Up to $6.52 by 2028 |
| WalletInvestor | $0.85–$1.20 | — | $1.513 by mid-2030 |
| Changelly | Avg $2.19 in early 2026 | $3.00+ | $10.25 by 2030 |
| CoinPedia | $1.60–$2.30 | — | $10.25 long-term |
| Primexbt | $1.00–$1.50 | — | $5.00–$6.00 by 2030 |
These projections suggest short-term growth may be slow, but long-term gains could be big if development and adoption continues.
Conclusion: Can cbADA be the Spark for ADA’s Next Big Cycle?
Coinbase’s introduction of cbADA is a well-thought-out move for Cardano, bridging the gap between its native ecosystem and Ethereum’s DeFi dominance. With growing derivatives activity, strong support at $0.51 and expert projections pointing to multi-year upside, Cardano price may be at an inflection point.
Although short-term technicals are neutral, cbADA could be the infrastructure piece that puts Cardano back on track for the next growth phase.
Summary
Cardano (ADA) is trading at $0.57 after Coinbase launched cbADA on Base, a wrapped version of ADA with full proof-of-reserves. This allows ADA to access Ethereum’s DeFi ecosystem and could increase long-term utility. On-chain activity is up, with $600M in trading volume and 1.2B ADA in futures open interest. Analysts forecast short-term ADA targets between $0.63 and $2.19 in 2025, while long-term projections reach up to $10 by 2030.
FAQs
What is cbADA and why is it important?
cbADA is a wrapped version of Cardano’s ADA launched by Coinbase on the Base Layer-2 network. It allows ADA to interact with Ethereum’s DeFi ecosystem.
How high can ADA go by 2025?
Experts forecast a range between $0.63 and $2.19 for ADA in 2025; depending on market conditions and adoption of cbADA.
Will ADA reach $10 by 2030?
Some forecasts (Changelly, CoinPedia) project ADA reaching $10.25 by 2030; while conservative estimates (WalletInvestor, Primexbt) see a more modest $1.5–$6 range.
Glossary
cbADA: Coinbase’s wrapped ADA on Base (Ethereum Layer-2).
Base: Coinbase’s Ethereum Layer-2 network for fast, low-cost transactions.
RSI (Relative Strength Index): Technical indicator for asset momentum. Below 30 is oversold.
Open Interest: Total active futures contracts for an asset.
Wrapped Token: Token pegged 1:1 to another asset, can operate on another blockchain.
DeFi: Decentralized Finance, blockchain-based financial apps without intermediaries.
Sources
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