“Cardano’s ADA Price Poised for Potential Breakout Above $3, Experts Predict New All-Time High of $4”

Analysts predict potential price breakouts for Cardano's ADA above $3, with a chance to reach a new all-time high of over $4. Despite a recent 5% price drop to $0.77, market observers remain optimistic. Various experts foresee significant gains, with one suggesting a breakthrough above $4 once ADA exceeds $0.92. The movement of ADA tokens from exchanges to self-custody wallets indicates strong holding behavior, while the possible approval of a spot ADA ETF by the SEC could attract mainstream investment. Grayscale's proposed ETF aims to simplify ADA exposure for investors. The odds of ETF approval by the end of 2025 stand at 83%, according to Polymarket.

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