ADA Price Set for 40% Pump? Only Under This Critical Condition

TL;DR ADA is down by double digits in the last 14 days, but analysts believe the price may soon surpass the $1 ￰0￱ recently updated its spot ADA ETF ￰1￱ approval odds for that product before the end of the year currently stand at 87%. The Necessary Catalyst Earlier today, the popular X user Ali Martinez forecasted that ADA could hit $1.20 if it breaks $0.88. He thinks such a price expansion is possible in the following ￰2￱ than a month ago, he presented a similar theory, envisioning a pump to $1.30 in case of a breakout above $0.84. The X user with the moniker LSTRADER is also among the ￰3￱ believe ADA could soar to $1 and beyond if the price doesn’t lose the support zone of $0.82-$0.83.

On the other hand, Dan Gambardello (who is known as a keen advocate of the asset) made a somewhat controversial ￰4￱ doubled down on his previous opinion from January when saying the Cardano Foundation “has failed the Cardano ecosystem” due to not launching stablecoins and its lack of support for native tokens. “I’m glad most of Cardano are starting to realize how unproductive and useless Cardano Foundation has actually ￰5￱ many chains getting deals done with government and enterprise , and CF has accomplished ￰6￱ even Chainlink ￰7￱ need to point this out,” his latest statement ￰8￱ the other hand, Gambardello said he remains “very bullish” on ￰9￱ ETF Knocking on the Door?

Another major catalyst that could give the token a price boost is the potential approval of the first spot ADA exchange-traded fund (ETF) in the ￰10￱ company willing to launch such an investment vehicle is Grayscale, and recently, there have been some developments surrounding that ￰11￱ a few days ago, the entity updated its application by submitting S-1 forms for a spot ADA ETF and a spot DOT ETF. S-1s provide detailed information about the structure of the products, how they operate and track the underlying assets, who the custodians are, the associated risks, and ￰12￱ of this writing, the chances of a spot ADA ETF receiving a green light before the end of 2025 stand at 87% – a sharp rebound from less than 60% less than a month ￰13￱ ETF Approval Odds,