Cardano ADA News: Price Surges 17% After Grayscale ETF Filing

Cardano's price jumped significantly following Grayscale's unexpected filing for a spot ADA ETF, indicating potential institutional adoption. Read on for more details.

Cardano Price Surges 17% Following Grayscale ETF Filing

Cardano’s price jumped 17% after Grayscale unexpectedly filed for a spot ADA ETF, potentially indicating more institutional adoption. The move sent ADA prices soaring to a week-long high, with trading volumes spiking 85% to $1.5 billion. This news has generated significant buzz, with Cardano outperforming all major cryptos and posting a 26% gain from Sunday’s local low.

Ex-Cardano Engineer Marius Bock Heads BlockDAG and Spearheads $194M Presale Boom

BlockDAG, powered by a team of professionals led by Project Manager Marius Bock, is rapidly ascending in the blockchain industry. Bock, with over 25 years of expertise, ensures the project's progress. His career, built on precision and execution, includes contributions to major blockchain initiatives like Cardano. Bock's leadership and experience are driving BlockDAG's growth and success.

Cardano (ADA) Struggles to Sustain Gains—Is the Uptrend in Trouble?

Cardano price started a rally above $0.70 but is now correcting gains and struggling to increase above $0.780. A key bullish trend line is forming with support at $0.750. The pair could decline if it trades below $0.7150. After forming a base above $0.650, Cardano rallied, beating Bitcoin and Ethereum, surging above $0.80 with a high at $0.8204 before correcting.

Cardano (ADA) Price Prediction For Valentine’s Day

Love is in the air as Valentine’s Day approaches, and investors are looking for profitable investment opportunities. Cardano’s native cryptocurrency, ADA, has shown impressive growth, trading at $0.75 on Wednesday after a 40% surge over the past year. According to leading on-chain metrics and price prediction firm CoinCodex, Cardano could potentially surge more than 6% in the next two days, offering significant profits to investors.