Cardano ( $ADA ) is currently trading at approximately $0.7823, reflecting a 2.61% increase from the previous close.
According to prediction market Polymarket, the probability of a Cardano ETF being approved in 2025 has risen to 55%, marking a 45% increase in recent weeks. This surge is attributed to growing institutional interest and improved regulatory sentiment towards altcoin exposure.
Additionally, Cardano founder Charles Hoskinson announced the Glacier Airdrop at Consensus 2025, targeting over 37 million wallets across eight blockchains. The airdrop is associated with the upcoming Midnight sidechain, which aims to enhance cross-chain privacy and promote a decentralized token distribution model without venture capital involvement.
These developments have contributed to increased optimism about Cardano's future and its potential for broader adoption.
