The U.S. Securities and Exchange Commission (SEC) has postponed the deadline for Cardano ETF decision, leading to market fluctuations.
SEC Decision on Cardano ETF
The SEC has announced that it is delaying its decision on the Cardano ETF, moving the deadline from August 27, 2025, to October 26, 2025. This extension is intended to allow for a more thorough evaluation of market structure and consumer protection ahead of its final ruling.
Impact on ADA Price
The recent deadline extension has created bearish sentiment, resulting in a 3% decline in ADA price over the past 24 hours. Currently, the asset is trading at $0.84, marking a 9% decrease over the last week. Additionally, trading volume has significantly decreased by 28% to $1.8 billion.
Analyst Predictions
Some analysts predict that ADA could see significant price increases following the current stage. Analyst Javon Marks noted that ADA's structure resembles that of previous bull cycles, forecasting a 780% increase to $8. Meanwhile, Cardano co-founder Charles Hoskinson expressed his optimism for potential price levels of $3, $5, and $10.
The SEC's decision to delay the Cardano ETF demonstrates the dynamic nature of the cryptocurrency market and creates uncertainty for investors, while analysts remain optimistic about future price increases.
