- ADA has suffered a double-digit decline over the past fortnight, yet whispers of optimism abound as analysts foresee a potential rise above the coveted $1 mark.
- Grayscale, in its infinite wisdom, hath updated its spot ADA ETF filing. The likelihood of this financial contraption gaining approval before year’s end now stands at an impressive 87%-a figure most assuredly to set hearts aflutter.
The Catalyst That Dare Not Speak Its Name
Lo, in the realm of X (formerly Twitter), one Ali Martinez didst prognosticate that ADA might ascend to $1.20-if only it could breach the formidable barrier of $0.88. Such a prophecy he hath made before, envisioning a climb to $1.30 should the price surmount $0.84. Ah, the audacity of hope!
Another enthusiast, known by the appellation LSTRADER, doth also sing from the hymnbook of bulls. They posit that ADA may reach $1 and beyond, provided the sacred support zone of $0.82-$0.83 remains inviolate. Truly, these are times to test the mettle of even the stoutest investor.
Yet, amidst this chorus of optimism, one Dan Gambardello-a fervent advocate for Cardano-didst cast a shadow upon the proceedings. With unflinching candor, he declared the Cardano Foundation to have “failed the Cardano ecosystem,” citing their lamentable neglect in launching stablecoins and supporting native tokens. Verily, his words cut deep: “So many chains securing deals with governments and enterprises, while CF hath accomplished naught-not even Chainlink integration.” A scathing indictment, indeed!
“I’m glad most of Cardano are starting to realize how unproductive and useless Cardano Foundation has actually been,” quoth Mr. Gambardello, adding salt to the wound. Yet, despite his grievances, he professeth himself “very bullish” on Cardano’s prospects. How delightfully contradictory!
An ADA ETF Beckons? 🔓
Another gleam of hope shines forth in the form of a potential spot ADA exchange-traded fund (ETF) in the United States. Grayscale, ever the ambitious suitor, hath taken steps toward this noble endeavor, recently submitting S-1 forms for both a spot ADA ETF and a spot DOT ETF. These documents, dear reader, reveal all manner of intricacies: the structure of the products, their inner workings, custodians, risks, and more.
As I pen these words, the odds of such an ETF receiving regulatory blessing before 2025 draws to a close stand at 87%-a remarkable recovery from less than 60% scarcely a month prior. Could this be the turning point for which ADA enthusiasts have long prayed?
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2025-09-01 19:06