Cardano ADA News: Coinbase Introduces Cardano Futures, Opening New Opportunities for Institutional Investors

In a significant move for the Cardano community, Coinbase has announced the introduction of Cardano (ADA) futures. This development opens new doors for institutional investors seeking exposure to the crypto asset, and marks an important milestone for the growth and adoption of Cardano.

Coinbase Introduces Cardano Futures

Coinbase has announced the introduction of Cardano (ADA) futures, a significant development for the Cardano community. The move opens new doors for institutional investors seeking exposure to the crypto asset. Coinbase Derivatives has filed with the U.S. Commodity Futures Trading Commission (CFTC) to self-certify futures contracts for both Natural Gas (NGS) and Cardano (ADA), anticipating going live with these products on Monday, March 31.

Cardano (ADA) Price Prediction for March 16

As the weekend approaches, the overall cryptocurrency market has begun to recover, showing signs of an upward rally. Amid this recovery, ADA, the native token of the Cardano blockchain, appears bullish and is poised for a significant rally in the coming days. According to expert technical analysis, ADA has formed a bullish inverted head and shoulders pattern and is now on the verge of a breakout. Based on recent price momentum, if the asset breaches the pattern’s neckline and closes a four-hour candle above the $0.76 level, there is a strong possibility it could initially soar by 10% to reach $0.85 in the coming days.

Cardano Whales Stack 130 Million ADA, Price Consolidation Deepens

In recent developments, large investors, popularly known as whales, have bought 130 million Cardano (ADA) in the last 72 hours. This massive accumulation came as Cardano price entered consolidation. This massive whale purchase has fueled predictions about a potential breakout. With key resistance levels ahead, traders now watch closely for the next move. Ali Martinez posted on an unknown platform (X) and disclosed to the crypto community that whales have accumulated over $94 million worth of ADA in just three days. This typically shows strong confidence among big investors despite the current market uncertainty. Historically, such large transactions have often preceded price rallies, making this a crucial moment for Cardano price.

Don’t Fall for the Bear Trap: DTX Exchange Gaining Popularity

The Cardano price’s recent movements have investors uncertain about crypto market trends. Many are opting to include the bullish ICO project DTX Exchange in their investment plan for Q2. This hybrid trading platform is becoming popular due to its profitable presale, offering ADA investors high gains and a strong use case prospect. DTX Exchange has a price of $0.18, which will double to $0.36 at launch, providing 2x returns on investments.