Cardano (ADA) is one of the most promising cryptocurrencies in the market. With ETF development already catching pace, Cardano, alongside other coins, is gearing up to adopt an ETF stance. How high can ADA’s price truly go if it’s launched as an ETF? Let’s find out.
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Cardano ETFs: What’s Happening?
The ETF momentum is currently gaining viable traction in the cryptocurrency market. Cardano ETFs are now closer to becoming a reality as the US SEC has formally acknowledged Grayscale’s Cardano ETF filings. This move has bolstered the current momentum of the ADA, ushering in a new hope for the investor to bank on.
JUST IN: 🇺🇸 SEC acknowledges filing for Grayscale's spot Cardano ETF.
— Watcher.Guru (@WatcherGuru) February 24, 2025
The SEC has lately been showing a super aggressive stance towards the cryptocurrency domain, carving pathways for the industry to thrive. Besides acknowledging the ETF applications, the SEC has also prepared a crypto task force to trim crypto laws and deliver regulatory clarity in the domain. At the same time,
When it comes to ADA’s price, Cardano seems to be holding on, although its price has shown fluctuations in the last 24 hours. ADA is currently sitting at $0.68 and is down 7% in the last 24 hours.
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How High Will the Token Surge Post ETF Launch?
With the US SEC officially acknowledging the Cardano ETF application, AI predicts ADA may surge to $1 to $2 in a short-term scenario. For the mid and long-term, the prediction states ADA will touch the $3-$8 price mark, provided the ETF adoption catches pace within the market regimen.
The Token’s March Prediction
While the ETF approval may take a while to be cleared, ADA’s March price prospects are looking bearish to begin with. Per CoinCodex, ADA may surge to hit $0.72 by the end of March 2025.
“According to our current Cardano price prediction, the price of Cardano is predicted to rise by 4.91% and reach $ 0.720805 by March 27, 2025. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 25 (Extreme Fear). Cardano recorded 11/30 (37%) green days with 10.55% price volatility over the last 30 days. Based on the Cardano forecast, it’s now a bad time to buy Cardano.“
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