The price of Cardano (ADA) piques the interest of investors and analysts who are predicting potential growth due to various factors.
General State of ADA
Cardano (ADA) briefly improved, reaching just above $1 in mid-August. However, the current price stands at $0.86, reflecting a modest increase of 3% over the month.
Expectations for ADA ETF
One of the key factors that could significantly boost ADA's price is the potential approval of the first ADA ETF in the United States. This product will allow investors to have direct access to the asset. The US Securities and Exchange Commission (SEC) has delayed its decision until October 26, 2025, but the probability of approval stands at 83% by the end of the year.
Analyst Predictions
Analysts express optimism regarding price growth for ADA. Some expect the price to rise to $1.70 – $2.10 in the coming months. One analyst even suggests that it could reach $3 – $5, which would represent nearly a 500% increase from current levels.
Overall, the expectations for Cardano (ADA) growth are supported by its recent performance and the prospects for the ETF, which creates a positive sentiment among investors.
