Cardano ADA Surges Amid ETF Speculation and Rising Network Activity

Cardano’s blockchain is experiencing a significant uptick in activity, with daily transactions nearing 50,000 and network volume exceeding $680 million in 24 hours. This resurgence is driven by growing optimism around a potential spot ADA exchange-traded fund (ETF), with the U.S. SEC’s decision expected by May 29, 2025. ADA’s price has already seen an 8% increase since early May, reflecting strong speculative interest. The cryptocurrency community is closely watching these developments, as they could mark a pivotal moment for Cardano’s adoption and market performance.

Cardano Activity Surges as ADA ETF Decision Nears

Cardano’s blockchain is witnessing a resurgence in activity, with daily transactions approaching 50,000, fueled by Optimism surrounding a potential spot ADA exchange-traded fund (ETF). The network’s volume has surpassed $680 million in 24 hours, signaling robust demand.

ADA’s price has climbed nearly 8% since early May, buoyed by speculative interest ahead of the U.S. SEC’s decision on the ETF, expected by May 29. Prediction markets currently assign a 71% probability of approval, which could catalyze institutional inflows akin to those seen with Bitcoin and ethereum ETFs.

The outcome may serve as a pivotal moment for Cardano, reinforcing its position in the crypto ecosystem and potentially triggering a significant price breakout.

SEC Delays Cardano ETF Decision, ADA Price Dips 4%

The U.S. Securities and Exchange Commission has postponed its decision on Grayscale’s proposed spot ETFs for Cardano (ADA) and Avalanche (AVAX), pushing the deadline from May 29 to July 13. The final ruling is now expected by October 22, 2025.

Cardano’s price fell 4% following the announcement, with AVAX dropping over 2%. Analysts had anticipated a potential breakout above $0.80 for ADA had the decision been favorable. Technical indicators show short-term selling pressure, though long-term fundamentals remain bullish.

Market sentiment appears resilient, with Polymarket traders pricing in a 67% chance of approval by year-end. The crypto community views regulatory delays as temporary obstacles rather than permanent barriers, with many accumulating positions during price dips.

In a related development, eToro has relisted Cardano after resolving a 2021 SEC compliance issue that resulted in a $1.5 million settlement. The platform now offers ADA alongside twelve other cryptocurrencies.

Cardano Price Prediction: ADA Takes Bullish Stance As It Eyes $0.8

Cardano’s ADA is gaining momentum, with technical and on-chain indicators suggesting a potential rally toward $1 by June’s end. The cryptocurrency currently trades at $0.76, up 65% year-over-year, fueled by ecosystem growth and developer activity.

The Voltaire governance phase empowers ADA holders to steer protocol upgrades, while founder Charles Hoskinson teases a privacy-focused stablecoin initiative. Integration with Brave Browser and Bitcoin support via Lace wallet expands Cardano’s cross-chain capabilities.

Network metrics reveal surging adoption—50,000 daily transactions in May and 21,258 GitHub commits year-to-date, outpacing Ethereum’s developer activity. The forthcoming Leios upgrade promises 11,000 TPS throughput and enhanced smart contract functionality.

Cardano ETF Approval Odds Hit 71% Ahead of SEC Decision

The U.S. SEC faces a pivotal decision on Grayscale’s proposed Cardano ETF, with market sentiment reaching a record 71% approval probability. A greenlight on May 29, 2025 would mark a watershed moment for ADA accessibility, mirroring the institutional adoption pathways previously seen with Bitcoin and Ethereum ETFs.

Analysts note ADA’s current $0.77 price exhibits technical bullishness, with EMAs suggesting imminent upward momentum. Price targets cluster between $1.3-$1.5, while extreme bullish scenarios envision $2.5 if ETF-driven liquidity materializes.

The SEC’s October 22 deadline leaves room for procedural delays, but approval WOULD unlock traditional capital flows without direct crypto exposure. Historical precedent suggests such events catalyze both price appreciation and mainstream validation.