Cardano Soars to $0.966 on Grayscale ETF Hopes and Major Network Upgrade: Is $1.50 Possible?

Key Points

1. Cardano's price rose 9.9% to $0.966 amid ETF speculation, with Polymarket giving a 62% chance of SEC approval for an ADA ETF in 2025.

2. The Cardano community approved ₳96 million ($71 million) for network upgrades, including Hydra (Layer-2 scaling) and Ouroboros Leios (improving transaction throughput).

3. Project Acropolis, scheduled for Q4 2025, aims to reduce RAM usage by 40% and improve sync times for node operators.

4. Whale activity increased, with 420 million ADA purchased recently, and 15 billion ADA (42% of circulating supply) held unmoved for over a year.

5. Technical indicators show bullish momentum, though resistance near $1.00 caused a pullback, with key support levels around $0.88–$0.90.