Will These Bullish Indicators Skyrocket Cardano in 2025? ADA Price Prediction

Big news for Cardano fans – ADA just got listed on Coinbase. This means more people and big companies can now buy it.

As one of the largest cryptocurrency exchanges in the US, Coinbase (NASDAQ:COIN) has just listed Cardano (CRYPTO:ADA), providing broader access for traders and potentially paving the way for increased ADA price volatility.

While the crypto market continues to recover, with total crypto market capitalization now at $2.7 trillion (up 0.47% in the last 24 hours), ADA is currently trading at $0.6653, down 1.41% for the day. Bitcoin (CRYPTO:BTC) is up 0.90% in the last 24 hours and trades at $84,198 at the time of writing.

3 Bullish Indicators That Could Skyrocket ADA Price In 2025

Crypto influencer Kris Does Crypto, known for his analysis of Cardano, highlights several bullish factors that could drive significant ADA price gains in the coming months. His YouTube channel boasts over 11,100 subscribers.

1. Grayscale ETF Filing Could Open Doors For Institutional ADA Exposure

Grayscale has filed papers with the SEC to convert its Digital Large Cap Fund into an ETF. This fund includes Bitcoin, Ethereum (CRYPTO:ETH), XRP, Solana (CRYPTO:SOL), and Cardano’s ADA.

“This is huge for Cardano. It’s no secret that I’m a big fan of ADA and I’ve been following its price action closely. If approved, this ETF would allow everyday investors who don’t buy crypto directly to get exposure to ADA,” Kris explains in his analysis.

2. Coinbase Derivatives Listing Expands ADA Trading Options

In a significant move, ADA has been added to Coinbase Derivatives. This major US exchange now offers regulated futures contracts for Cardano.

“This means people can buy ADA directly, bet on its price going up (long), or bet on its price going down (short). Why does this matter? More ways to trade Cardano means more people will trade it.”

Usually, more trading activity translates to higher prices, especially for projects like Cardano which are known for their development.

3. Bitcoin DeFi On Cardano: A Game-Changing Development

Charles Hoskinson, the creator of Cardano, is planning to build Bitcoin DeFi on Cardano using a Bitcoin OS Bridge.

According to Hoskinson, Bitcoin ETFs will create demand for DeFi yields and big institutions will start using UTXO-based DeFi, which he believes will grow massively in the next three years, with Cardano bringing real usefulness to Bitcoin.

To aid this endeavor, developers are working on Inkan, a new programming language that will work on both Bitcoin and Cardano, enabling smart contracts to work seamlessly across both blockchains, opening up new possibilities for DeFi.

On a side note, Hoskinson didn't hold back his thoughts on other cryptocurrencies, calling Solana a “memecoin ecosystem built to dump.”

He claims that 99% of Solana memecoins will fail, adding that Solana memecoins have already dropped 85% from their highest point.

ADA Price Prediction

As Kris Does Crypto points out, the current price pattern for ADA around $0.66 looks like what happened between August and September 2024. If the same scenario unfolds, he anticipates Cardano to reach $2.50 by May 2025.

Further supporting this positive outlook, whale investors recently bought 240 million ADA tokens just last week.

In his technical analysis, Kris Does Crypto observes that indicators suggest ADA is oversold and has strong support at $0.65.

With these developments and bullish technical factors in mind, Kris will be closely monitoring Cardano, expecting substantial price movements in the coming months.

As Kris Does Crypto concludes in his analysis, the next few months could be crucial for ADA token holders.

This article was originally published on ChainEdge.