Cardano Soars: $1.8B Market Cap Surge in 24 Hours as ADA ETF Approval Nears 90% Probability
Cardano’s ADA is making Wall Street sweat—again. The blockchain’s market cap ballooned by $1.8 billion in a single day as ETF approval odds hit 89%. Forget "slow and steady"—this is a full-blown institutional stampede.
Why the frenzy? Traders are piling in ahead of what could be crypto’s next regulatory gold rush. The SEC’s usual foot-dragging hasn’t stopped ADA from becoming the betting favorite for ETF status—take that, Bitcoin maximalists.
Behind the numbers: That $1.8 billion surge isn’t retail FOMO. It’s hedge funds positioning for what might be 2025’s most predictable "surprise" ETF approval. Because nothing says "financial innovation" like waiting for bureaucrats to rubber-stamp the inevitable.
- ADA surged 10.28% in a day, pushing its market cap above $24.3 billion.
- Technical signals point to bullish continuation with all major EMAs flipped.
- Institutional interest rises after the Reeve launch and rising ETF approval odds.
Cardano (ADA) registered a massive 24-hour market cap gain of $1.8 billion. The token now trades at $0.6875, having recorded a 10.28% daily gain and a 15% weekly gain.
As ADA’s market cap reaches $24.33 billion, the activity has picked up pace, as evidenced by CoinGlass records indicating a 34.57% rise in volume, taking the 24-hour count to $2.71 billion. Open interest also registered a 7.59% rise, to a total of $1.05 billion, indicating increased interest from both retail and institutional investors.
This surge comes as the market trends shift. Investor sentiment seems poised heading into potential ETF releases and new utility announcements related to Cardano’s native ecosystem.
The combined increase in market cap, volume, and open interest is reinforcing bullish momentum that started building earlier this week.
Cardano Enters Bullish Phase After 200-Day EMA Breakout
Cardano’s latest breakout has pushed all major exponential moving averages to the other side as zones of support. All the 20, 50, 100, and 200-day EMAs, which were bunched up between $0.608 and $0.685, have now been surpassed. The break above the 200-day EMA at $0.685 is of particular significance, commonly regarded as a long-term trend reversal catalyst.
Momentum indicators are also in sync. The Relative Strength Index is currently at 65.66, which indicates a bullish area without approaching overbought levels. The MACD line (0.017) has gapped above its signal line (0.004), while increasing histogram bars show buying strength continues to gather pace.
Accumulation signals are still robust, meanwhile. The Accumulation/Distribution line continues stable around 12.2 billion, indicating whales and institutions are resisting sellers.
The Awesome Oscillator changed to green at 0.014, while the Chaikin Money FLOW jumped up to 0.24, generally a signal of strong capital inflow and buying accumulation.
Reeve Launch and ETF Odds Shift Sentiment
Apart from the technicals, Cardano’s current advancements have contributed to the bullish interest. On-chain prediction platform Polymarket now indicates an 89% likelihood of Cardano ETF approval during the year.
This is a record-level odds and may be catalyzing speculative inflows among investors looking forward to institutional access through regulated products.
Adding further impetus to sentiment is the new release of Reeve, the cardano Foundation’s open-source financial reporting system. Built as a bridge between ERP systems and blockchain infrastructure, Reeve sees the introduction of tamper-proof, transparent data exchange for financial reporting.
Reeve empowers organizations to enhance transparency, simplify reporting, and build trust with verifiable financial data. 📊
Anyone can now publish their financial data on the blockchain using Reeve.
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