Cardano ADA: ETF Approval Could Propel Price to $0.8 Amid Surging On-Chain Activity
Cardano (ADA) is currently trading at $0.7476 USDT, with significant on-chain activity and investor Optimism driving an 8% price increase since the beginning of May. Daily transactions have surged by 50,000, reaching a new monthly high, while the 24-hour transaction volume has hit $684.6 million. The cryptocurrency’s ecosystem is buzzing with anticipation as the SEC’s impending decision on a spot ADA ETF could further catalyze its upward momentum, potentially pushing the price to $0.8. This article delves into the key developments fueling ADA’s growth and what investors can expect in the coming weeks.
Cardano (ADA) Price Analysis: ETF Approval to Push ADA Price to $0.8?
Cardano’s ecosystem is witnessing heightened activity as on-chain fundamentals and investor sentiment converge, setting the stage for a potential breakout. Daily transactions have surged by 50,000, reaching a new monthly high, while 24-hour transaction volume hit $684.6 million. These metrics have fueled ADA’s 8% gain since May began.
Investor optimism centers on the impending SEC decision regarding a spot ADA ETF, with PolyMarket assigning 71% approval odds ahead of the May 29 announcement. Approval could mirror the institutional adoption patterns observed with Bitcoin and ethereum ETFs, potentially unlocking significant capital inflows.
Whale activity suggests anticipation of a post-approval rally, with $680 million worth of ADA tokens moving off exchanges—a classic accumulation signal. At press time, ADA trades at $0.
Best Crypto to Buy Right Now With 1000x ROI Potential
Identifying the next breakout cryptocurrency is akin to navigating a minefield in search of treasure. While many projects promise outsized returns, few deliver. The current market favors early entrants, with three coins—Punisher Coin, Cardano (ADA), and Hedera—emerging as contenders for exponential growth. Each offers a distinct value proposition, but Punisher Coin stands out as a sub-penny token with aggressive tokenomics.
Punisher Coin leverages meme culture with a predatory twist. Its "Punisher Energy" mechanism incentivizes holders of rival meme coins to migrate, rewarding them with $PUN tokens. This ERC-20 token actively drains liquidity from weaker projects, positioning itself as a disruptor in the meme coin arena.
Cardano (ADA) and Hedera represent more institutional plays, focusing on scalable infrastructure and enterprise adoption. Yet for traders seeking asymmetric upside, Punisher Coin’s combative growth strategy and micro-cap valuation present a high-risk, high-reward proposition.
Cardano’s $1 Billion ADA Exchange Exodus Mirrors 2021 Bull Run
Cardano (ADA) is witnessing a significant withdrawal of tokens from centralized exchanges, with nearly $1 billion worth of ADA exiting since the start of 2025. This trend mirrors the 2021 bull run that propelled ADA to its all-time high of $3.10. On-chain data from TapTools highlights the magnitude of these outflows, suggesting a potential repeat of historical price performance.
Charles Hoskinson, Cardano’s founder, has outlined ambitious plans for the network, including privacy-focused sidechain Midnight and AI-driven developments. These strategic initiatives are fueling optimism among investors.
Market sentiment is further bolstered by growing interest in a potential Cardano ETF, with Polymarket data indicating a 71% probability of approval by year-end. Institutional adoption through an ETF could provide the liquidity and diversification needed to sustain ADA’s upward trajectory.
Trump’s 50% Tariff Threat Sparks Market Volatility, Investors Turn to Cardano Rival FloppyPepe
Global markets face renewed uncertainty as former President Donald Trump threatens to impose 50% tariffs on EU imports effective June 2025. The announcement, made via social media platform X, has triggered investor anxiety and increased volatility across traditional and crypto markets.
Amid the turbulence, FloppyPepe (FPPE) has emerged as an unexpected beneficiary. The Cardano-competitive token has delivered 80% gains to early investors while demonstrating real-world utility. Market participants are increasingly viewing such altcoins as potential hedges against geopolitical-induced market swings.
The tariff proposal comes at a delicate moment for monetary policy, potentially complicating the Federal Reserve’s interest rate trajectory. Crypto assets appear to be decoupling from traditional market reactions, with select tokens like FPPE outperforming despite broader risk-off sentiment.
