3 Reasons a Cardano (ADA) Rally Might Be Closer Than You Think
2025-07-09 14:22:51
Main Idea
Cardano's ADA has experienced a 7% price increase, with significant whale accumulation and growing optimism around a potential ADA ETF approval in the US.
Key Points
1. ADA's price rose 7% in the past week, trading just below $0.60.
2. Large investors (whales) bought 120 million ADA ($71M worth) in two weeks, now holding 15.4% of circulating supply.
3. Whale accumulation is seen as bullish, potentially reducing selling pressure by encouraging self-custody.
4. Polymarket estimates an 83% chance of an ADA ETF approval by the end of 2025, up from 56% in early July.
5. Industry figures like Sheldon The Sniper and Crypto King predict a potential price surge, with ADA possibly reaching $1+.
Description
TL;DR ADA’s recent uptick is backed by several bullish indicators, including whale activity and shifting market dynamics. Analysts suggest the asset could be gearing up for a sharp move, with some targeting a surge toward and beyond the $1 level. The Bullish Factors Cardano’s ADA has seen a 7% price increase over the past week, currently trading just below $0.60 (according to CoinGecko’s data). Moreover, there are three important reasons suggesting the real bull run could be knocking on the door...
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