Cardano Primed for Long-Term Rally, ADA Spot ETF to Push Demand to Never-Before-Seen Levels
Main Idea
Cardano (ADA) is experiencing significant whale activity and price growth, with potential for further rally if the SEC approves a Cardano Spot ETF by October 2025.
Key Points
1. Whale activity on the Cardano network has surged, with over 137 transactions exceeding $1 million recorded recently.
2. The SEC’s final decision on the Cardano ADA Spot ETF, filed by Grayscale, is expected by October 22, 2025, which could further boost ADA's price.
3. ADA’s dominance levels are up 27%, and ADA/BTC pairs have increased by 33% since July 1, indicating a bullish phase.
4. ADA is currently trading at $0.82, up 15% over the last 7 days and 38% over the past month, making it the fourth-largest gainer among top cryptocurrencies.
Description
The week-long altcoin rally has carried into the weekend, and a handful of leading altcoins have remarkably remained in the green zone.
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