Cardano's ADA is one of the best-performing altcoins amidst the struggling cryptocurrency market. While ADA has seen a decline in the past day and week, there is anticipation that it could start a larger rally and potentially reach $1 in the coming weeks. Key developments, such as the approval of a spot Cardano ETF in the US, could impact this optimistic target. Technical analysts see promising signs for ADA's continued upside, but for the price to surge, Cardano's market capitalization would need to exceed $350 billion. Additionally, Grayscale has filed for a spot Cardano ETF with the NYSE, which, if approved, could provide regulated exposure to ADA for institutional and retail investors. The SEC's evolving stance on crypto ETFs and growing institutional interest are contributing to the positive outlook for ADA's future performance. The path ahead for ADA remains uncertain, but market conditions and regulatory approvals will play a significant role in determining whether ADA can reach $1 soon or $10 by 2025.



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