$ADA is currently priced in the $0.63-$0.68 USD range, and has a market cap of $22.38 billion USD respectively. 📊 Recent price changes: -4.56% in 24 hours, +0.93% in the last week, and +45.65% in the last year. 🚀
Some key developments are:
- Nasdaq Crypto Index Inclusion: $ADA will now be included with Bitcoin and Ethereum, which could lead to institutional interest for $ADA. 📈
- ETF Approval Prospects: There is a ~75% chance of Grayscale receiving approval for their $ADA ETF in 2025. 📊
- Ecosystem improvement: Minswap now has Bitcoin liquidity, Midnight sidechain improves asset tokenization, and Lace wallet adds staking and supports dApps.
Within the technicals, $ADA is trading range bound and in a "falling wedge", which is an overall generally bullish reversal pattern. However, whales taking profits and, increased geopolitical risk are likely to put pressure on the price in the short term. 📉
Disclaimer: Invest at Your own risk assessment.