Best Crypto to Buy as Cardano Open Interest Climbs 6% and ADA Aims for Retest of $0.50

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Cardano derivatives traders are busy again.

Open interest climbs around 6% as $ADA heads towards a potential retest of $0.50. This tells you that this is not just dollar cost averaging of spot buyers, but that leveraged money is positioning itself for a possible continuation move rather than a dead cat bounce.

This is important because derivative positioning is often ahead of the spot price. When open interest rises alongside prices and funding remains healthy, it generally indicates that the larger players are ready to support the trend in size, not run it out of existence.

With $ADA still trading below its previous cycle highs, this setup naturally attracts “crypto stock” hunters.

At the same time, the fundamentals of Cardano do not stand still. DeFi TVL, real-asset experiments, and enterprise-focused pilots are slowly transforming a once theoretical ecosystem into something more revenue-focused.

Network upgrades like Hydra and upcoming scalability changes continue to make the case for Cardano as a long-term smart contract platform.

However, if you are looking for the best cryptocurrency to buy now, it rarely makes sense to bet on just one narrative.

1. Bitcoin Hyper ($HYPER): first Bitcoin Layer-2 powered by SVM

Bitcoin Hyper ($HYPER) is the Bitcoin Layer-2 to integrate the Solana Virtual Machine (SVM), aiming to provide even faster execution than Solana while reverting to Bitcoin. In practice, this means sub-second smart contract performance on an L2 SVM secured by Bitcoin’s proven base layer.

The architecture is modular: Bitcoin L1 handles settlement and security, while a real-time SVM Layer 2 handles execution via a single sequencer that regularly anchors state to L1.

Bitcoin Hyper uses a canonical bridge to move $BTC in and out. But what does all this mean? Simply put, this takes $BTC from a store of value to a veritable powerhouse capable of competing with other chains like Ethereum. For a complete overview of the project, check out our “What is Bitcoin Hyper” guide.

For you, the value add is simple: high-speed BTC payments wrapped with low fees, plus DeFi primitives like swaps, lending, staking, and even NFTs and gaming dApps via Rust SDKs and APIs.

The smart money is moving. Whales purchased considerable amounts, with the highest transaction reaching $500,000.

The $HYPER presale is already substantial, having raised over $28.5 million and offering dynamic staking rewards currently sitting at 40%. Token holders also benefit from reduced governance rights and gas fees.

2. Best Wallet Token ($BEST): All in One Place

Best Wallet Token ($BEST) is a pure UX and distribution play. Being part of the Best Wallet team that aims to capture 40% of the global crypto wallet market share by the end of 2026, the entire ecosystem wants to be the simplest, safest and most feature-rich wallet in the space.

Using Fireblocks MPC-CMP security to give you peace of mind, Best Wallet gives you a single interface to manage multiple chains, wallets, and strategies without touching raw seed phrases or juggling dozens of apps.

On the growth side, the Upcoming Tokens portal is designed as an approved pre-sale and early opportunity hub, with its DEX aggregator, 300 DEXs and 30 cross-chain bridges. This positions $BEST as a utility token at the center of trading, fee reductions and potential reward structures.

$BEST holders also benefit from lower transaction fees, higher staking rewards, and a voice in the project’s future through community governance.

The numbers are already showing traction. The presale raised over $17.6 million, with tokens currently at $0.026005. However, you will have to get there quickly, because the pre-sale ends in a little over a day. Do you want to come in? Check out our “How to Buy the Best Wallet Token” guide.

If you’re bullish on wallets as the primary integration layer for the next wave of users, Best Wallet provides direct exposure to that thesis.

3. Cardano ($ADA): Growing Open Interest Meets Real Network Upgrades

Cardano ($ADA) sits in a very different bucket: a research-driven, large-cap proof-of-stake chain, where derivative metrics now align with multi-year fundamentals.

With open interest climbing around 6% and $ADA eyeing a possible retest of $0.50, leveraged traders are clearly expecting more than a short-term squeeze or relief rally.

On the technical side, Cardano’s roadmap continues to move from theory to implementation. The Plomin Hard Fork is intended to deepen on-chain governance, making protocol upgrades more decentralized and systematic.

Scalability efforts like Hydra and Leios aim for higher throughput and lower fees, giving dApps more headroom as usage increases without sacrificing security.

The Cardano team and ecosystem have also invested heavily in enterprise and real-world adoption. From identity and supply chain pilots to partnerships in emerging markets, the chain is positioning itself as a compliance-friendly infrastructure.

Recognition follows. The mention of $ADA in the recently announced US Crypto Strategic Reserve in March 2025 has given it a notable boost in legitimacy, particularly for conservative allocators.

To summarize: Cardano’s 6% jump in open interest and potential retest of $0.50 highlight how derivatives and fundamentals can align, but infrastructure is where the next stage of value could emerge. Bitcoin Hyper, Best Wallet Token, and Cardano each target different problems.

Please remember that this is not financial advice and you should always do your own research before making an investment.

Written by Ben Wallis, Bitcoinist –

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