The Altcoin ETF Battle Has Begun, ADA Has a 75% Chance, but Its Comeback Depends on On-Chain Fundamentals!!!

ETFs are becoming a key battleground for altcoins to attract funds. Whoever can gain approval from the United States first may experience the next wave of growth. Bloomberg analysis states that Cardano (ADA) has a 75% chance of launching an ETF this year, which seems not low, but it still lags behind Solana and XRP at 90%.

The problem is that although the call for an ETF for Cardano is rising, its on-chain performance appears weak: the price is continually suppressed at $0.80, and every time it approaches $0.70, it faces selling pressure. The spike in the NVT indicator indicates that trading activity is not keeping pace with the increase in market capitalization, suggesting that capital inflow is not active.

In contrast, Bitcoin has broken new highs, and Solana continues to have hot topics driving interest (such as the TRUMP Memecoin), attracting more institutional attention. If Cardano does not accelerate its breakthrough of the upper resistance, it may fall behind in the ETF competition.

In the ETF game, opportunities and fundamentals are equally important. A mere 75% chance is far from enough; ADA must demonstrate stronger on-chain capabilities to avoid being marginalized by the market.

Who do you think will be the first altcoin to receive ETF approval?