Cardano witnessed some important The developments in recent days, while his native token experienced a substantial setback. Us will explore these issues more In the following lines.
Grayscale shows more support for Cardano
Earl this year, the main digital asset managerGray scale, aggregate Cardano (ADA) to your smart contract fund. The investment vehicle provides accredited investors indirect exposure to a diversified wallet of cryptocurrencies associated with intelligent contract platforms.
The entity recently Rebalance The fund, solidifying Cardano as its third largest possession with 22.91%. Ethher (ETH) and Solana (Sol) are found in the first two points, with a respective participation of 30.92% and 29.05%.
On the other hand, Cardano is ahead of Avalanche (Avax), Sui (SUI) and Polkadot (DOT), whose combined weight is around 17%.
Association With Ripple on the way?
Ripple’s post on X, uploaded at the beginning of the week, moved Excitation between the community that a collaboration with Cardano could be incoming.
Speculation comes from the fact that the video begins with a brief representation of the Cardano logowhile Later, the theme goes to token and its possible progress in the following years.
This Have not the rumors first of an agreement between the two? Not long ago, the founder of Cardano, Charles Hoskinson, Suggested That the entity could incorporate the Ripple Stablinin, Rlusd, in its ecosystem. Before that he and the CEO of Ripple Brad Garlinghouse shared Positive observations of each other.
Meanwhile, Hoskinson recently implied About an upcoming collaboration between Cardano and Bitcoin, causing a demonstration integration that could take place next month.
ADA price perspective
As mentioned above, the price of Cardano’s native cryptocurrency has witnessed a solid retreat lately. Currently, it lies at approximately $ 0.56 (according to Coingcko data), which represents a weekly decrease of 16%.
User X Bitcoin Wukong recently reclaimed That despite the bearish environment, $ 0.58 and $ 0.45 are still “strong support levels within a larger period.”
“Sick be buying and holding At these levels, the capacity is key. Let’s see how they develop, ”they added.
PROBABILITIES OF APPROVAL OF ETF CABEZE TO THE SOUTH
An important The development that could act as a price catalyst for asset is the approval of a Spot Traded (ETF) spot ada fund in the United States. Earl this year, the gray scale filed With the New York Stock Exchange (NYSE) to launch this product.
The fund will allow investors to obtain direct exposure to ADA without the complexities of possessing and managing cryptocurrency itself. Of course, you must first receive the necessary green light of relevant regulators.
Last month, the probabilities of approval before the end of 2025 increased to 70%. In recent weeksalthoughOptimism began to vaporize, and from now on, the possibilities stop with about 52% (according to the Polymarket).
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