Cardano’s ADA Eyes 2025 Rally—Is a Parabolic Surge on the Horizon?
Cardano’s native token, ADA, is flashing bullish signals as analysts map out ambitious 2025 price targets. Could this be the precursor to a major breakout?
Market watchers are split—some see a textbook accumulation phase, while others warn of overheated speculation. One thing’s certain: the ’Ethereum killer’ narrative hasn’t faded.
Meanwhile, institutional players keep stacking ADA like it’s the last proof-of-stake asset standing—never mind that most couldn’t explain its Ouroboros protocol if their bonuses depended on it.
Cardano is known for its slow, methodical approach to growth and development. It is also known for controversies at the administrative level. The recent controversy saw allegations of embezzlement thrown at Charles Hoskinson, Cardano’s founder and it dealt the Cardano price prediction a significant blow.
Is this enough to stop Cardano’s current surge? Will it harm Cardano’s long term prospects? Or is there a better investment alternative to Cardano that would fetch life-changing crypto gains? Read on to find out.
Cardano controversy stalls ADA momentum, but ETF possibility keeps hopes alive
Over the course of the last week, ADA founder Hoskinson has been refuting allegations that he misappropriated 318 million unclaimed ADA ICO tokens during a 2021 network update. NFT artist Masato Alexander claimed Hoskinson misused his privileges to MOVE the tokens, worth about $619 million, into personal coffers and kept mum about it.
According to Hoskinson, over 99.8% of ADA ICO tokens were properly redeemed and the remaining 24 million tokens funds were donated to a company named Intersect. But despite this explanation, the ADA price has steadily dropped over the last week.
Chances of a cardano ETF approval in 2025. Source: Polymarket
Cardano currently trades around $0.7 level, with most of the gains of the last months wiped away. Nevertheless, ADA ETF rumors are keeping hopes of a surge alive. Based on data from Polymarket, the chances of an ADA ETF approval in 2025 is 60%. This development could wipe out any bad publicity caused by the recent controversy.
Cardano price prediction
Cardano’s Relate Strength Index (RSI) reads 49, having slipped below the neutral level of 50 over the last week. ADA’s Moving Average Convergence Divergence (MACD) is also flashing a bearish signal, indicating impending downwards momentum.
But if ADA breaks and closes below the 200-day Exponential Moving Average (EMA) at $0.71 for several days, this bearish momentum WOULD be fully confirmed. ADA could slip and test a support level of $0.64.
ADA price analysis. Source: TradingView
On the flip side, if ADA finds support around the 200-day EMA at $0.71 and recovers, it could bounce back up and retest the resistance level at $0.84. Maintaining this level could see the coin go on a serious rally to hit $1 or even higher.
The bottom line
Even though Cardano dominates headlines for the wrong reasons, it remains a strong crypto project with a massive user base. Even more, rumors of a possible ETF approval could bolster Cardano price predictions and take it to new highs.
As a result, Cardano wouldn’t be a bad addition to any cryptocurrency portfolio. But for crypto investors who want to maximize their profits, Remittix (RTX) is the go-to option. This trailblazing crypto project enables seamless crypto-fiat conversions, allowing anyone to send crypto as fiat to bank accounts world wide.
Smart money is already moving into this project. It rivals massive corporations in the global remittances market, and is set to have an explosive growth like Ripple (XRP). Currently in presale, Remittix is available for only $0.0781. It is expected to explode as soon as it launches on exchanges, fetching early adopters life-changing crypto gains.
: https://remittix.io/
https://linktr.ee/remittix
