Cardano ADA Eyes $1 Milestone Amid Grayscale ETF Approval Hype

Cardano’s native token ADA is showing strong bullish momentum, currently trading at $0.7703 with a 1.2% intraday gain, comfortably positioned above both its 50-day and 200-day moving averages. The Optimism surrounding ADA’s price action is largely driven by the impending decision on Grayscale’s ADA ETF, with the SEC’s deadline set for May 29, 2025. A potential approval could serve as a significant catalyst for institutional adoption, potentially pushing ADA toward the psychologically critical $1 level. Charles Hoskinson’s recent comments have further fueled positive sentiment in the Cardano community. With the decision date just around the corner, market participants are closely watching for any developments that could impact ADA’s trajectory. The combination of technical strength and fundamental catalysts positions Cardano as one of the most promising assets in the crypto space as we approach this pivotal regulatory decision.

Cardano Price Eyes $1 As Grayscale’s ETF Approval Nears

Cardano’s native token ADA is gaining momentum, rising 1.2% intraday to $0.7703, comfortably above its 50-day and 200-day moving averages. The bullish sentiment stems from heightened expectations for Grayscale’s ADA ETF, with the SEC’s decision deadline set for May 29, 2025.

A potential approval could catalyze widespread institutional adoption, propelling ADA toward the psychologically critical $1 level. Charles Hoskinson’s recent remarks about migrating Bitcoin mainnet activity to Cardano further underscore the network’s growing ecosystem strength.

Cardano Awaits SEC Verdict as ADA ETF Approval Odds Surge to 71%

Cardano’s ADA has been range-bound this week, but traders anticipate volatility ahead of the SEC’s imminent decision on Grayscale’s proposed ETF. Polymarket data shows approval odds spiking to 71%, the highest since April, as the May 29 deadline looms.

The regulatory body faces a hard deadline of October 22 for its final ruling after the initial 240-day review window. Market sentiment suggests a favorable outcome could propel ADA past the psychologically significant $1 threshold.

Cardano Excels with Impressive Surge: Transactions and Investor Interest Soar

Cardano’s network witnessed a significant uptick in activity during May, with daily transactions climbing from below 30,000 to 50,000 amid speculation around a potential ADA ETF approval. TapTools recorded a 24-hour transaction volume of $684.6 million, while ADA’s price ROSE 8%, reflecting heightened investor confidence.

Market analysts highlight the upcoming SEC decision on an ADA ETF as a pivotal factor driving Cardano’s momentum. Even tentative regulatory signals have triggered sharp spikes in on-chain activity, as both institutional and retail participants position for volatility.