Co-founder Tyler Winklevoss recently hinted that an announcement could be imminent, which, if confirmed, has the potential to invigorate liquidity and generate upward price momentum for the digital asset.
US-based exchange Gemini may soon be listing Cardano’s native cryptocurrency, ADA, according to speculations and hints from Gemini co-founder Tyler Winklevoss.
Recently, Winklevoss hinted at an upcoming announcement that could be spurring speculation around the potential listing of ADA on Gemini. The co-founder of the crypto exchange also noted that Gemini is planning to add a new cryptocurrency to its platform in the coming weeks.
Earlier this year, Gemini announced that it will be making a ‘major announcement’ on March 13. User reactions on social media suggest that the announcement could be related to ADA’s listing on Gemini.
Major crypto exchange Gemini has already listed some popular tokens such as Bitcoin, Ethereum, Litecoin, and others. However, ADA is yet to be listed on the exchange, making it an outlier compared to rivals like Binance, Coinbase, Kraken, and others who have already onboarded the token.
ADA is currently trading at $0.73, remaining relatively stable despite the recent volatility in the crypto market. The token hit a peak price of over $1.10 at the beginning of March, following a positive endorsement from US President Donald Trump regarding a strategic crypto reserve that includes ADA.
However, the token faced significant corrections afterward, and it seems to have found some support around $0.70, where it has been trading in recent days.
Many financial observers are arguing that ADA’s price drops are temporary setbacks in a broader bullish trend. As the token faces critical support, it could be setting up for a rebound.
Analysts and traders are highlighting that the recent pullback presents an opportunity rather than an indicator of market weakness. Social media influencer Bitcoin Buddha emphasized the importance of patience, noting that Cardano’s price re-testing critical support levels could signal a coming recovery rather than an end to its upward trajectory.
In other news, a report by the US Department of the Treasury has revealed that major cryptocurrency exchanges, including Binance, Coinbase, and Kraken, are cooperating with government agencies to mitigate the risk of a potential North Korean missile attack.
