CandleFocus Cardano Bull Says ADA Will Rapidly Hit $3 If It Receives ETF News Like XRP
2024-12-03
Author: Content Editor
Crypto Capital Venture founder Dan Gambardello suggests that Cardano could experience a significant surge in price if it receives news of exchange-traded funds (ETFs) similar to those of XRP. He believes that Cardano's positive developments within its ecosystem could contribute to a rally, and if it receives positive news about ETFs, it could rapidly rise to $3. Several experts speculate that ADA, XRP, and Solana could be the next assets approved for ETFs, and while Solana and XRP have seen filings for exclusive ETFs, Cardano has not. Currently, Cardano is tied to the filing submitted by NYSE Arca seeking to convert the Bitwise 10 Crypto Fund (BITW) to an exchange-traded product (ETP). XRP has experienced a significant price surge due to institutional interest and multiple ETF filings. While XRP has not reached the $3 mark yet, Gambardello believes Cardano could achieve this milestone if it receives similar ETF applications.
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