Well, shucks, folks! On Tuesday, July 8, the Cardano Foundation rustled up a new enterprise-grade financial reporting tool, Reeve, built on the Cardano blockchain π€ . This launch lassos Cardano into the corporate compliance space, where the Charles Hoskinson-led Layer-1 network aims to corral institutional adoption and diversify token utility beyond DeFi and staking π.
According to the Foundation, Reeve lets ESG-aligned institutions and public agencies publish auditable, verifiable financial records directly on-chain π. This tool also integrates with ERP systems and is designed to eliminate the opacity and inefficiencies of siloed databases π».
The solution targets NGOs, ESG-focused enterprises, and public institutions, key sectors under mounting regulatory pressure to modernize reporting π. The Foundation added that Reeve is the first of several products designed to position Cardano as a βtrust layerβ for enterprise environments π.
Now, let’s mosey on over to the ADA price π. At press time, it stood at $0.5820, consolidating above the 20-day MA with light intraday gains π. According to the TradingView chart below, ADA price action forms a falling wedge on the daily chart, a pattern that historically signals reversal when paired with rising RSI and trading volume increases π.

Cardano price forecast | Source: TradingView
The wedge breakout target sits at $1.30, a potential 120% rally from current levels, if bulls can confirm a close above the upper band at $0.6053 π. The RSI at 46.00 is trending upward, and Bollinger Bands are narrowing, signaling consolidation before a further leg-up π.
On the downside, losing support at $0.54 could open the door for a pullback to $0.50 or even retest of the wedge base near $0.44 π¬.
Meanwhile, retail investors are turning to Snorter, a Solana-based Telegram trading bot for potential meme coin alpha π€. With $1.46 million already raised in its presale, the $SNORT token is quickly becoming the gateway for fast, secure, and MEV-protected meme trading π.
Currently priced at $0.0975, $SNORT powers Snorter Botβs full suite of tools, limit orders, rugpull detection, copy trading, and lightning-fast token sniping across Solana π€―.
For ADA holders looking to diversify into high-volatility opportunities without leaving Telegram, Snorter offers a powerful on-ramp into the world of degen trading with enterprise-grade precision π. Click here to enter the Snorter presale π.
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2025-07-09 01:33