Could Cardano’s Value Hit New All-Time Highs as Grayscale Files an ETF? New Altcoin Expected to Surge
$ADA The crypto world is buzzing with excitement over the potential for a significant surge in Cardano (ADA), with forecasts suggesting a rally to new all-time highs. One of the key events sparking this speculation is Grayscale’s recent filing of an ADA ETF.
In addition, the growing buzz around new altcoins such as MTAUR has also fueled optimism for the crypto market. Could these developments trigger a dramatic surge for Cardano, propelling its value to unprecedented levels?
Grayscale’s ADA ETF Filing Sparks Optimism for Cardano Holders
Cardano (ADA) has been in consolidation mode recently, but analysts remain optimistic about its future performance. Sssebi, a well-known crypto analyst, points out that ADA has historically gone through periods of consolidation followed by rapid 200% to 300% surges. He believes this pattern could repeat itself, predicting a potential rally of over 250%, pushing ADA’s value to 2.5 USDT in the coming weeks.
This prediction comes despite the token’s current pullback, with Cardano continuing to be in a bear market since December. However, the analyst suggests that once this consolidation phase ends, ADA could see a strong bullish breakout. Additionally, the upcoming launch of Cardano’s “Midnight” scaling solution and potential ETF approval could provide crucial catalysts for the price jump