Cardano Launches Blockchain Accounting Tool: Will ADA Falling Wedge Trigger 120% Price Rally?
The Cardano Foundation unveiled Reeve, an enterprise-grade financial reporting tool for ESG institutions and public agencies to publish auditable records on-chain.
Reeve targets NGOs and ESG enterprises under regulatory pressure to modernize their financial reporting systems.
ADA price forms falling wedge pattern with potential 120% upside to $1.30 if bulls break above $0.6053 resistance.
Snorter presale raises $1.46 million as ADA traders diversify into Solana-based meme coin trading opportunities.
On Tuesday, July 8, the Cardano Foundation announced Reeve, a new enterprise-grade financial reporting tool built on the Cardano blockchain. The launch now positions Cardano in the corporate compliance space, as the Charles Hoskinson-led Layer-1 network looks to deepen institutional adoption and diversify token utility beyond DeFi and staking.
According to the Foundation, Reeve enables ESG-aligned institutions and public agencies to publish auditable, verifiable financial records directly on-chain. The tool also integrates with ERP systems and is designed to eliminate the opacity and inefficiencies of siloed databases.
The solution targets NGOs, ESG-focused enterprises, and public institutions, key sectors under mounting regulatory pressure to modernize reporting. The Foundation added that Reeve is the first of several products designed to position Cardano as a “trust layer” for enterprise environments.
ADA Forms Bullish Falling Wedge Pattern with 120% Upside Potential
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. The RSI at 46.00 is trending upward, and Bollinger Bands are narrowing, signaling consolidation before a further leg-up.
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.
Snorter Presale Heats Up as ADA Traders Diversify into Meme Markets
As Cardano’s Reeve Blockchain accounting tool is poised to draw institutional traction to the crypto market, retail investors are turning to Snorter, a Solana-based Telegram trading bot for potential meme coin alpha.
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.
Currently priced at $0.0975, $SNORT powers Snorter Bot’s full suite of tools, limit orders, rugpull detection, copy trading, and lightning-fast token sniping across Solana.
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. Click here to enter the Snorter presale.
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I’m a research analyst with experience supporting Web3 startups and financial organizations through data-driven insights and strategic analysis. My goal is to help organizations make smarter decisions by bridging the gap between traditional finance and blockchain innovation.
With a background in Economics, I bring a solid understanding of market dynamics, financial systems, and the broader economic forces shaping the crypto industry. I’m currently pursuing a Master’s degree in Blockchain and Distributed Ledger Technologies at the University of Malta, where I’m expanding my expertise in decentralized systems, smart contracts, and real-world blockchain applications.
I’m especially interested in project evaluation, tokenomics, and ecosystem growth strategies, as these are areas where innovation can drive lasting impact. By combining my academic foundation with hands-on experience, I aim to provide meaningful insights that add value to both the financial and blockchain sectors.
