Crypto analyst Ali Martinez recently predicted Cardano could see a 40% price increase. His tweet read, “Cardano $ADA is positioning itself for a potential 40% price move!” This news has caught many crypto fans by surprise.
Cardano’s Price Actions
Cardano has surged by 36% in the last week. The price is now around $0.9094. If the coin moves as predicted, it could reach $1.30. The gain is fueled by a bullish sentiment in the market. Many traders are optimistic about Cardano’s future.
However, trading volume fell by 45% in the past 24 hours. This decline shows some caution among traders. Despite this, overall market interest remains strong.
Political and Global Developments
Excitement grew when President Trump included Cardano in the country’s reserve. This news added more weight to Cardano’s potential. Cardano founder Charles Hoskinson was surprised by this move.
In a video, he admitted he did not know about the reserve inclusion. Hoskinson said he received 150 congratulatory messages. He mentioned that no one had spoken to him beforehand. This unexpected news sparked many questions. It also added a political twist to Cardano’s story.
White House and Industry Moves
In another twist, Hoskinson was not invited to the White House Crypto Summit on Friday. A White House source confirmed this exclusion. The reason behind this decision remains unclear.
Also Read: Cardano Founder Charles Hoskinson Criticizes Circle’s Monopoly On Stablecoin Market
Meanwhile, the crypto world is abuzz with speculation. Industry experts wonder if the exclusion is political. Some see it as a sign of shifting alliances in crypto. The summit itself is expected to cover many crypto issues. This situation continues to fuel debate among enthusiasts.
Grayscale’s ETF Filing
Grayscale Investments has taken a major step with Cardano. The firm filed a proposal with the SEC for a spot Cardano ETF. The filing was made through NYSE Arca. The SEC acknowledged the proposal but did not comment further. This move is seen as the first step in a larger plan.
An ETF could bring more institutional money to Cardano. It also shows the growing acceptance of digital assets. Many investors see the filing as a positive sign. Grayscale’s proposal has set the stage for future approvals.
Market Impact and Future Prospects
The recent price surge and political mentions have increased Cardano’s visibility. Many investors now look at Cardano with renewed hope.
The prediction by Ali Martinez adds to the optimism. Market watchers are now focused on the coin’s performance. The global market cap stands at $32.05 billion. Even with a lower trading volume, Cardano remains in the spotlight.
Cardano is at a critical junction right now. Strong price gains mixed with political intrigue. The coin now faces high expectations from the market.
Also Read: Cardano Founder Praises XRP, Justifies Its Place In Trump’s U.S. Reserves List