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Cardano price rises ahead of Leios testnet launch, eyeing $0.195 target amid network upgrade hopes.

Protocol Fundamentals
09 Jun 2026
Tokenpost
View Source
Bullish
pluang ai news

Cardano (ADA) has gained 12% over three days, recovering from a low of $0.148 to around $0.167 as investors anticipate the Leios testnet launch on June 23, 2026. The Leios upgrade aims to boost Cardano's transaction capacity from 800,000 to 27 million monthly, potentially enhancing its blockchain competitiveness and attracting more DeFi and real-world asset projects. While technical indicators suggest a bullish reversal, weak on-chain activity and declining DeFi engagement pose risks. The testnet launch may trigger short-term price gains, but sustained growth depends on increased network use and investor demand throughout 2026.

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