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Cryptocurrency News Articles
Grayscale Files for Cardano ETF as ADA Surges 15%, But Will It Reach a New All-Time High This Cycle?
Feb 11, 2025 at 03:16 pm
Grayscale has officially filed for a Cardano ETF, marking its first standalone ADA investment product. This move comes as institutional interest in Cardano grows
Grayscale has filed for a Cardano ETF, making it the first standalone ADA investment product. This move comes amid growing institutional interest in Cardano, following the approval of Bitcoin ETFs in the U.S.
Since the filing, Cardano’s price has surged by 15%, currently trading at $0.80. However, ADA remains 74% below its all-time high of $3.10, which it reached in September 2021.
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Analyst CryptoBullet Predicts $1.80 as ADA’s Peak This Cycle
While the ETF filing has sparked bullish sentiment, crypto analyst CryptoBullet is skeptical about Cardano reaching a new all-time high this cycle. According to his macro analysis:
ADA Price Targets (CryptoBullet):
$ADA Macro chart | No new ATH for ADA! I think the highest #ADA can go this bull cycle is the 0.786 Fib level, so I wouldn't bet on it. Better buy something new imo 🎯 Macro Target 1 – $1.15 🎯 Macro Target 2 – $1.80 pic.twitter.com/IDHfbYhFq3
CoinCodex Price Prediction: More Conservative Than CryptoBullet
At CoinCodex, our price outlook is closely aligned with CryptoBullet’s prediction—if not slightly more conservative.
Unlike overly bullish forecasts, we expect ADA to peak below $1.80, given historical price action and market structure. While ETF momentum and institutional interest could provide upside, ADA remains unlikely to break its 2021 all-time high this cycle.
Our outlook is closely aligned with CryptoBullet’s analysis, suggesting ADA is likely to peak below $1.80 this cycle. Given historical price action and market structure, we see ETF momentum and institutional interest driving further gains, but ADA is unlikely to break its 2021 all-time high of $3.10 in this bull run.
Charles Hoskinson on Cardano’s Future: “Greatness Comes from Integrity”
Cardano’s founder, Charles Hoskinson, remains highly optimistic about the project’s future. In a recent statement, he reaffirmed his confidence in Cardano’s ability to evolve and succeed.
JUST IN: Charles Hoskinson says "there's no problem we can't solve, no roadmap we can't adapt, no strategy we can't execute. Greatness comes from the integrity to be honest, the courage to be disliked, the ability for tough conversations, and still push forward." #Cardano $ADA pic.twitter.com/DzKv9nSEK0
Final Thoughts: Will ADA Keep Climbing?
The Grayscale Cardano ETF filing marks a major step toward institutional ADA adoption, fueling short-term price momentum. However, analysts are aligned in their outlook, agreeing that while ADA is set to gain in the short term, it is unlikely to surpass its 2021 all-time high of $3.10 this cycle.
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