Cardano ADA News: Price Stagnates as ETF Speculation Grows

ADA Price Stagnates as ETF Speculation Grows

ADA Price Stagnates as ETF Speculation Grows

The ADA price has risen by 2.5% in the past 24 hours, reaching $0.7982 despite a 2% drop in the crypto market. ADA has gained 13% in a week and 15% in the past fortnight, but remains down 25% in the past month due to tariff worries and a surprise rise in US inflation. However, with a 36% increase in the past year, ADA still looks good over the long-term. Speculation is mounting that an ADA ETF will gain approval in the near future, boosted by Grayscale's application for a Cardano ETF last week. This excitement surrounding ADA may explain its outperformance of the market today and promises good things for the coming weeks.

Cardano (ADA) Price Surges 7.44% in 24 Hours

Cardano (ADA) has experienced significant volatility over the past few days, followed by a consolidation phase. The latest market data shows that ADA is currently trading at $0.8287 USD, marking a 7.44% increase in the past 24 hours. The recent upward move indicates renewed buying interest in the cryptocurrency. Intraday trading has placed ADA’s price within a relatively narrow range, suggesting a balanced market with buyers and sellers at near parity. Traders are now awaiting a catalyst, such as positive news regarding network upgrades, regulatory clarity, or broader market recovery, to drive the next move.

Cardano Price Eyes Impulse Move After Bearish RSI Divergence Was Invalidated

The Cardano price is poised for an impulsive move to the upside after a bearish Relative Strength Index (RSI) divergence was invalidated. Crypto analyst Melika Trader predicts that the price of ADA could rally to between $0.90 and $0.94 as it targets an upward impulse. The analyst observed a recent sharp rally in ADA, breaking through resistance levels and establishing a new range, potentially paving the way for further gains.

Web3Bay Gains Attention with $1.4M Presale & 6,430% ROI

Web3Bay, a decentralized e-commerce platform, is gaining traction with its promising 6,430% ROI at launch. Unlike meme-based assets or networks facing scalability issues, Web3Bay offers practical utility through a well-organized presale aimed at sustainable growth. The platform's user-centric approach removes middlemen and boosts user autonomy, setting a new standard in blockchain commerce. With growing trust in its novel model, Web3Bay could be the most promising venture in 2025.