Cardano’s staking scene is heating up — and one name that keeps making waves is DAVE Stake Pool. As of April 29, 2025, the pool reached an impressive milestone: 20 blocks produced in the current epoch, with hours still left on the clock. This isn’t a one-off; DAVE has been consistently performing at this level, signaling strong support from the Cardano community and growing confidence among ADA holders.
Reported via @ItsDave_ADA on Twitter at 14:30 UTC, this update isn’t just technical bragging rights — it’s a big deal for ADA traders and long-term believers in the network.
Why Traders Should Pay Attention
Right after the news dropped, ADA saw a 2.3% price bump, trading at $0.42 on Binance by 15:00 UTC. Trading volume jumped too, up 18% to $320 million in just 24 hours — a clear sign that the market is paying attention to staking momentum.
Even better, 62% of all ADA supply is now staked, totaling $14.5 billion, according to StakingRewards.com. For investors, that signals reduced circulating supply and increasing demand — a setup that often leads to bullish price action.
ADA Flexing Against Bitcoin and Ethereum
Cardano’s native token isn’t just gaining in dollars — it’s showing strength in BTC and ETH pairs too. After the DAVE announcement:
- ADA/BTC rose by 1.8%, hitting 0.000006 BTC
- ADA/ETH climbed 1.5%, reaching 0.00013 ETH
This kind of performance can be a green flag for altcoin traders hunting for solid plays in a volatile market.
More Stakers, More Demand, Less Supply
According to Cardano Blockchain Insights, active staking addresses rose by 12%, reaching 1.2 million as of 16:30 UTC. Meanwhile, whale wallets have moved 25 million ADA into staking over the last 48 hours. That’s a serious show of trust — and it’s one more reason why the bulls might be circling.
Technical Indicators Look Bullish Too
From a charting perspective, ADA is holding strong:
- RSI (Relative Strength Index) sits at 62 on the 4-hour chart — showing solid momentum but not yet overbought
- MACD just flashed a bullish crossover at 18:00 UTC, which often signals upside ahead
- Trading volume on Coinbase spiked to $85 million, up 22% from the day before
- Open interest for ADA futures on Binance rose 15% to $120 million
These signs suggest momentum is building — and it’s not just hype.
Bonus: AI Buzz Boosting Cardano?
Interestingly, AI-linked tokens like FET and AGIX also saw price increases (up 5%) as ADA climbed. This points to a growing overlap between AI-enhanced trading strategies and investor interest in proof-of-stake (PoS) projects like Cardano. As traders lean more on automation and smart trading bots, ADA could benefit from this AI-powered wave of demand.
Key Takeaways for ADA Investors
- DAVE Stake Pool’s success shows strong network health and increasing delegation
- ADA price and volume are rising, backed by bullish on-chain signals
- More ADA is being staked, reducing supply and potentially driving prices higher
- AI trends may be helping boost interest in staking-focused altcoins
As Cardano continues to grow and perform, especially through high-output pools like DAVE, it’s clear that staking isn’t just about earning rewards — it’s becoming a major signal of long-term confidence in ADA.
