Cardano ADA News: Price Prediction and Recent Market Performance
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As the cryptocurrency market continues to grapple with challenges such as hacks and overall market downturns, Cardano (ADA) has seen a significant decline in its value. Here`s a summary of its recent performance and a price prediction for March 1, 2025.
Cardano Price Prediction: AI Sets ADA Price For March 1, 2025
The cryptocurrency market is dealing with hacks and market downturns. Amidst this, Cardano (ADA) was seen dropping. The ninth-largest cryptocurrency followed the overall market trend and plummeted.ADA has been drowning in the red sea throughout the month of February, registering losses of 24.98% during the second month of the year. Over the past 24 hours, ADA recorded a drop of nearly 5%, going from trading at a high of $0.7788 to a low of $0.728. At the time of writing, the asset was priced at $0.7347.ADA`s latest price follows a downfall of 8.92% throughout the past week.
Why Has The New Payments Giant Remittix Got XRP and Cardano Holders So Hyped Up?
Recent Cardano news claims that ADA has lately shown remarkable market momentum, which has analysts predicting a possible price surge. Positive chart patterns and rising whale accumulation—indicating great investor trust in Cardano—fuel this hope. As altcoins start to rebound, Remitix (RTX), dubbed the “Next XRP”, is gaining attention as a promising new PayFi project. Renowned analyst Ali Martinez notes a 3-hour candle pattern displaying an ADA rising triangle. Should Cardano’s price stay below $0.74, the currency runs the danger of losing recent gains by sliding NEAR $0.56.
How High Will Cardano Rise If ADA ETFs Become A Reality?
Cardano (ADA) is one of the most promising cryptocurrencies in the market. The ETF momentum is currently gaining traction, and Cardano ETFs are closer to becoming a reality as the US SEC has formally acknowledged Grayscale’s Cardano ETF filings. This move has bolstered the current momentum of ADA, ushering in new hope for investors.
Cardano (ADA) ETF Approval Odds Surge in the US
The SEC acknowledged Grayscale’s application to introduce a spot ADA ETF in America. The asset manager also seeks to convert its XRP Trust into an ETF, with similar filings pushing the approval odds to 74% before the end of 2025. Over the past few months, several companies have displayed their intentions to launch spot crypto ETFs in the United States. Grayscale, the world’s largest digital asset manager, officially filed for a Cardano (ADA) ETF with the New York Stock Exchange on February 10. The SEC`s acknowledgment marks the beginning of the regulatory review process, which usually lasts 240 days.
