Cardano News Today: Cardano's Approach to Domains: Balancing Centralization Issues with Web3 Goals

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Cardano News Today: Cardano's Approach to Domains: Balancing Centralization Issues with Web3 Goals

Bitget-RWA2025/10/26 16:56

By:Bitget-RWA

- Cardano Foundation seeks .ada and .cardano TLDs to strengthen brand control and enable Web2-Web3 interoperability, budgeting $700k for application and $350k annual registry costs. - ADA shows 70M whale accumulation and bullish technical signals (golden cross, triangle pattern), though recent 12% dip below $0.66 raises short-term correction risks. - T. Rowe Price's ADA-inclusive crypto ETF filing and SEC's 16 ETF decisions highlight growing institutional interest, while community debates TLD governance ce

Cardano is accelerating its efforts to protect its digital identity and strengthen its position in the market, as the blockchain sector anticipates both regulatory and technological changes. The

Cardano

Foundation has revealed its intention to pursue two generic top-level domains—".ada" and ".cardano"—during the upcoming ICANN application cycle. This move is designed to enhance brand authority and introduce interoperability between Web2 and Web3, according to

a Bitcoinist report

. With an application budget of $700,000 and annual registry expenses of $350,000, the foundation demonstrates its dedication to decentralization and sustainable governance, the report highlights. This strategy fits into Cardano’s broader push to become part of mainstream digital infrastructure, such as by streamlining wallet addresses and enabling domain tokenization, while also partnering with initiatives like Veridian and Handshake.

At the same time, on-chain metrics point to increasing investor trust in

ADA

. Large holders have accumulated more than 70 million tokens, with recent inflows exceeding $59 million, according to

a CoinEdition article

. Technical experts note the emergence of a symmetrical triangle formation and a bullish golden cross between the 50-day and 200-day EMAs, indicating that a breakout above $0.90 could drive ADA toward $1.12, as the article observes. Nevertheless, ADA has recently dropped 12% below the $0.66 support, sparking concerns about possible short-term pullbacks, as reported by

The Currency Analytics

. Analysts such as Ali Charts stress that maintaining the $0.62 support is vital for a continued rally toward $1.90, while mixed signals from the MACD and RSI suggest a cautiously optimistic outlook, according to

a Blockonomi analysis

Cardano News Today: Cardano's Approach to Domains: Balancing Centralization Issues with Web3 Goals image 0

The regulatory environment remains a significant factor. T. Rowe Price’s recent application for an actively managed crypto ETF, which lists ADA among its eligible assets, signals a growing interest from traditional finance in digital currencies, as detailed in

a Bitget report

. This comes as the SEC prepares to rule on 16 ETF proposals, including those involving Cardano,

Dogecoin

, and

Solana

. Additionally, the Cardano Foundation’s recent “Info Action” seeking community approval for its TLD plan has ignited discussions about governance centralization, with some critics advocating for a more decentralized registrar approach, as noted by the Bitcoinist report.

Market forces add further complexity to the situation. ADA’s fully diluted valuation has reached $29.97 billion, indicating increased liquidity, but the broader crypto market—impacted by Bitcoin’s decline toward $104,000—has led to consolidation among altcoins, according to The Currency Analytics. The $1 target for BlockDAG and Dogecoin’s steady price at $0.25 highlight the competitive landscape, with investors weighing Cardano’s ecosystem improvements against short-term market swings, as mentioned in the CoinEdition article.

As the Cardano community adapts to these changes, the combination of technical momentum, regulatory developments, and large-scale investor activity is expected to influence ADA’s future path. Should the foundation’s TLD project succeed, it could solidify Cardano’s role as a bridge between Web2 and Web3, while institutional involvement and ETF approvals may serve as catalysts for a prolonged upward trend.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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