#BinanceHODLerC The price of Cardano (ADA) rises as expectations for a spot ETF increase.

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#AltcoinBreakout This Friday, the price of Cardano's native token (ADA) continues to align with the overall bullish trend of the cryptocurrency market. The recent spike occurs in parallel with the growing optimism about the possible approval of a spot exchange-traded fund (ETF) in the United States. According to predictions from Polymarket, the odds that ADA will have a stock product this year are high.

Meanwhile, investors remain optimistic about the future performance of the cryptocurrency in the short term. In any case, the current rally has already provided notable returns, especially for those who bought below $0.4 per unit.

At the time of writing this note, the price of ADA stands at $0.857 per coin, according to data from CoinMarketCap. The performance in the last 24 hours shows a solid +4.6%, while in the past week, the increase amounts to 17%. In monthly terms, ADA has accumulated a gain of 42%.

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This behavior makes Cardano one of the best-performing tokens in the current bullish phase. As mentioned, the price increase coincides with the growing enthusiasm reflected in Polymarket, where bets give an 82% probability to the approval of a spot ETF for ADA in 2025.

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