--- title: "ADA Just Launched a Major Scaling Testnet And the Network Barely Noticed at $0.148" url: https://thecoingazette.com/ada-just-launched-a-major-scaling-testnet-and-the-network-barely-noticed-at-0-148/ date: 2026-06-25 modified: 2026-06-25 author: "Coin Gazette Editorial" description: "In the latest Cardano news, Cardano (ADA) price is trading at approximately $0.1480, down 1% in the last 24 hours, and sitting roughly 95% below its September 2021 all-time high..." categories: - "Crypto News" - "Cryptocurrency" tags: - "ADA" - "ADA Price" - "Adoption" - "Altcoin" - "Altcoins" - "analysis" - "btc" - "buying" - "capitulation" - "cardano" - "Cardano news" - "Charles Hoskinson" - "cryptocurrency" - "CULTURE" - "daily transactions" - "doge" - "dogecoin" - "ethereum" - "exchange" - "leverage" - "liquidation" - "liquidity" - "mainnet" - "Market" - "Markets" - "Maxi Doge" - "MEME" - "mid-cap" - "milestone" - "Near" - "Network" - "News" - "on-chain" - "partnerships" - "presale" - "Presales" - "price" - "Price Analysis" - "proposal" - "research" - "resistance" - "Sentiment" - "staking" - "support" - "technical analysis" - "token" - "trading" - "transactions" - "treasury" - "Uncertainty" word_count: 659 --- # ADA Just Launched a Major Scaling Testnet And the Network Barely Noticed at $0.148 In the latest Cardano news, Cardano (ADA) price is trading at approximately $0.1480, down 1% in the last 24 hours, and sitting roughly 95% below its September 2021 all-time high of $3.09. That’s not a typo. The Leios Musashi Dojotestnet went live on June 23, a genuine scaling milestone, and the chain barely blinked. Daily transactions held near 25,000, in line with a three-month average, with [active staking addresses hitting a 120-day low](https://coinmarketcap.com/cmc-ai/cardano/latest-updates/) of around 5,000 on June 21 against a prior norm of 7,000–8,000. The one transaction spike worth flagging came June 4–5, when daily volume jumped above 60,000, but that aligned directly with a sharp sell-off, pointing to liquidation activity rather than fresh adoption. Charles Hoskinson’s public comments about potential “ecosystem failures” and a temporary project pause compounded the negative sentiment, helping push ADA below $0.20 for the first time since 2020. ![ada logo](https://cimg.co/wp-content/uploads/2024/04/10071147/cardano-ada-logo.svg)Cardano (ADA)24h7d30d1yAll timeGovernance friction, including backlash over a Discord migration proposal and calls for leadership changes, has added another layer of uncertainty that pure technical analysis can’t price away. The broader [altcoin market context](https://cryptonews.com/news/crypto-news-june-24-crypto-chaos-as-btc-usd-tumbles-with-chip-stocks-eth-foundation-axes-staff-rate-hike-looms/) makes the setup even more precarious: BTC has softened, macro headwinds persist, and capital rotation out of mid-cap alts has been aggressive. Whether ADA’s current tight range resolves as capitulation or continuation is the question every ADA holder is sitting with right now. ## Cardano News: Can ADA Price Recover From $0.14 Support or Is a Fresh Low Ahead? ADA’s technical picture is compressed. Price is consolidating between $0.148 support and $0.172 resistance, a tight band after a steep breakdown from the $0.20 to $0.25 range. Market cap sits near $5.58 billion against a circulating supply of roughly 37.24 billion ADA. Even modest buying pressure can move ADA price right now, but sustained volume is absent. If $0.14 holds, exchange outflows sustain accumulation pressure, and a macro risk-on shift lifts altcoins broadly, ADA retests $0.172 and potentially $0.20 on momentum. ![](https://cimg.co/p/no_image.svg)Source: ADAUSD / [Tradingview](https://www.tradingview.com/symbols/ADAUSD/)If neither side takes control, price grinds sideways through the summer in this corridor, with the 2026 mainnet target for Leios providing a longer-term catalyst that keeps capitulation buyers engaged but limits near-term upside. A breakdown through $0.148 on volume opens a much weaker technical picture, with the next meaningful reference sitting well below current levels and a structural break from multi-year support shifting the chart narrative decisively negative. The real tension is the divergence between exchange outflows and on-chain engagement. Buyers appear present at current levels. They are just not building anything on the network yet. That gap needs to close before any recovery gains real credibility. Watch $0.148 closely. It is doing a lot of structural work right now. ## Maxi Doge Dosen’t Promise You Anything: But It Could 1000X ADA’s risk-reward at current levels is a genuine debate. Even in the bull case, recovering from $0.15 to prior cycle highs requires the kind of capital inflow that broad altcoin markets haven’t delivered in months. That calculus is pushing a segment of active traders toward earlier-stage positions where entry price asymmetry is still intact, before a project reaches the liquidity constraints of a $5 billion market cap. [**Maxi Doge ($MAXI)**](https://www.cryptonews.com/ext/maxidoge) is one presale drawing that is drawing attention. Built on Ethereum (ERC-20), it positions itself around a meme-first trading culture, 1000x leverage mentality, gym-bro viral marketing, holder-only trading competitions with leaderboard rewards, and a Maxi Fund treasury allocated to liquidity and partnerships (the tagline is “never skip leg-day, never skip a pump,” which is either ridiculous or perfectly calibrated for its target audience, probably both). The project has raised $4,811,876.93 at a current presale price of $0.0002825, with dynamic staking APY available for participants. For context on how [meme coin dynamics play out post-launch](https://cryptonews.com/news/dogecoin-price-analysis-meme-king/), the Dogecoin cycle offers a reference point this category continues to benchmark against. Presales carry real risk, liquidity post-launch is never guaranteed, and meme token markets are unforgiving if momentum stalls. DYOR before committing capital. [**Research Maxi Doge**](https://www.cryptonews.com/ext/maxidoge) The post [ADA Just Launched a Major Scaling Testnet And the Network Barely Noticed at $0.148](https://cryptonews.com/news/cardano-ada-price-analysis-support/) appeared first on [Cryptonews](https://cryptonews.com).