Cardano (ADA) is one of the most promising cryptocurrencies on the market. With ETF development already at a pace, Cardano, alongside the other coins, is preparing to adopt an ETF stance. How much higher will the ADA be if it was released as an ETF? Let’s look into it.
Cardano ETFS: What’s going on?
ETF’s momentum is currently gaining viable traction in the cryptocurrency market. The Cardano ETF is approaching reality as the US SEC officially recognizes greyscale Cardano ETF filing. The move has strengthened the current ADA momentum and guided new hopes for investors to acquire banks.
Just In: 🇺🇸Sec is accepting applications for Grayscale’s Spot Cardano ETF.
– watcher.guru (@watcherguru) February 24, 2025
The SEC has recently been taking a very aggressive stance towards the cryptocurrency domain, indicating the sculpture pathway for the industry to flourish. In addition to acknowledging ETF applications, the SEC has prepared a cryptographic task force to reduce cryptography and provide regulatory clarity in the domain. at the same time,
As for Ada prices, Cardano appears to have held it, but its prices have shown changes over the past 24 hours. The ADA is currently at $0.68, down 7% over the past 24 hours.
How much will the token surge be higher after the release of ETFs?
With the US SEC officially acknowledging the Cardano ETF application, AI predicts that ADA could surge from $1 to $2 in a short-term scenario. In the medium and long term, if ETF adoption gains pace within the market regimen, the ADA will touch on the price mark of $3-8.
Token March forecast
Although ETF approvals may take some time to clear, the ADA’s March price outlook looks bearish to begin with. With each CINCODEX, the ADA could skyrocket at $0.72 by the end of March 2025.
“According to current Cardano price forecasts, Cardano prices are forecast to rise by 4.91%, reaching $0.720805 by March 27, 2025. According to technical indicators, current emotions are terrible, with fear and greedy indicators showing 25 (extreme fear). Cardano recorded a 11/30 (37%) green day with a price fluctuation of 10.55% over the past 30 days. Based on Cardano’s predictions, it’s now a bad time to buy Cardano.“
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