Participants in the prediction market Polymarket estimate the likelihood of a Cardano ETF approval at 76%, highlighting growing optimism in the crypto space.
Polymarket Data on ETF Approval Odds
On the Polymarket platform, the probability of a Cardano ETF approval in 2025 stands at 76%. Traders have wagered over $374,000 on this outcome, signifying high confidence in a positive decision from the U.S. Securities and Exchange Commission (SEC).
This uptick in confidence reflects broader optimism in the digital asset space. Users are paying 76% for 'Yes' shares, aligning with heightened anticipation of regulatory progress.
Support from Bloomberg Analysts
Bloomberg ETF analysts Eric Balchunas and James Seyffart have reinforced the positive outlook. They now estimate a 90% or higher chance for the SEC to approve Cardano and similar altcoin ETFs. Their assessment has contributed to the growing sentiment backing ADA.
Predictions and Technical Levels for ADA
Currently, the ADA token trades at $0.5603, gaining 0.7% in the past 24 hours, but remains down 25.4% over the past month. Investors are watching whether the price can sustain above the critical support level of $0.512. Holding above this range could help ADA stage a recovery, while dropping below this point might signal extended downside pressure. Analysts suggest that if ADA follows past trends, it could revisit the $2.60 level.
The rising probability of a Cardano ETF approval and support from analysts create a positive market atmosphere, though technical factors will be pivotal for ADA's next movements.
