Cardano (ADA) saw a brief surge in price after Grayscale filed for a Cardano exchange-traded fund (ETF), indicating institutional interest in the coin. However, ADA was unable to sustain the momentum and experienced a slump in price. Despite this, investors continue to accumulate ADA, leading to a significant increase in trading volume. The upcoming Plomin Hard Fork and Ouroboros Leios upgrades could potentially boost ADA's value and scalability. Analysts speculate that ADA may attempt to reach $1.90, although the all-time high of $3.10 remains elusive. In a bearish scenario, ADA could drop to retest the $0.50 mark.



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