Cardano Price Drops 0.564% Amid SEC ETF Decision Delay

Cardano's latest price was $0.6869, down 0.564% in the last 24 hours.

Cardano network enthusiast Dave urged the Securities and Exchange Commission (SEC) to approve spot ADA ETFs in the United States. This comes after the regulator’s announcement to delay a decision concerning these products. The SEC has repeatedly delayed the approvals of multiple altcoin ETFs citing recent rule changes and financial regulations.

The financial regulator monitors transparency, stability, and other factors to protect investors before approving a spot ETF. In a comment to the Commission, Dave highlighted multiple factors backing a spot Cardano product approval. According to the note, the network’s decentralized governance and on-chain mechanism show a clear and transparent path.

Mirroring decentralization are a community-driven roadmap and treasury allocations. Cardano bulls argue that the blockchain has shown sufficient financial strength, soaring to a $28.8 billion market capitalization, which proves that it meets regulators’ standards and investor protection principles.

Further, Dave lauded Cardano’s security and robust architecture over the years, describing it as resilient enough to bag a spot ETF product in the United States. Cardano has integrated 3,200 stake pools globally, ensuring no downtimes in the last decade. Supported by a clear and predictable monetary policy, its capped 45 billion ADA cools inflation concerns.

“Its clear and predictable monetary policy, including a capped maximum supply of 45 billion ADA, ensures transparency and addresses potential inflation concerns. Cardano’s global presence is complemented by a strong and growing U.S. footprint, with many contributors and projects based domestically, reinforcing its relevance to U.S. markets.” Dave wrote.

Crypto traders have supported a bullish Cardano price range in the next two quarters. This follows growing institutional interest in the crypto market and a spike in decentralized finance (DeFi) activities. As mainstream finance increases its crypto exposure, many investors are backing altcoins to lead the next bull cycle.

Approval of spot ADA ETFs could be the catalyst for added bull pressure. After the launch of Bitcoin products, traditional investors increased their exposure, driving the price to new all-time highs. Cardano and other altcoins could move on a similar trajectory.

Cardano (ADA) has captured fresh market attention following a compelling forecast shared by well-known crypto analyst Crypto Beast. In a recent X post, Crypto Beast boldly predicted a rocket rally for ADA, eyeing an ambitious price target of $1.5. The post, accompanied by a bullish technical chart, has stirred excitement across the Cardano community and beyond, fueling optimism that ADA could soon reclaim price levels not seen since the last major crypto bull run.

Crypto Beast has built a reputation for delivering timely technical insights, and his latest ADA analysis is no exception. The shared chart highlights a series of key bullish signals. According to Crypto Beast, this setup indicates significant upside potential, with the $1.5 mark emerging as the next major target zone.

The timing of this call is particularly significant. ADA has been steadily recovering over recent weeks, bouncing from local lows and showing resilience amid broader market fluctuations. Crypto Beast’s analysis suggests that this recovery is not just a short-term rebound but part of a larger structural shift toward sustained bullish momentum.

While technical patterns can generate short-term trading opportunities, the broader narrative around Cardano offers further support to the bullish case. Cardano has long been positioned as one of the most academically rigorous blockchain projects, emphasizing peer-reviewed research, formal methods, and scalable proof-of-stake consensus. Over the past year, the Cardano ecosystem has displayed a notable surge in decentralized applications (dApps), decentralized finance (DeFi) activity, and developer engagement.

Recent network data shows that Cardano’s total value locked (TVL) has reached new highs, reflecting growing confidence in the platform’s smart contract capabilities. Additionally, the ongoing rollout of the Voltaire era, the governance phase of Cardano’s development roadmap, is set to further decentralize the network by handing governance control directly to the community. This positions Cardano as a uniquely robust and resilient ecosystem in the evolving Web3 landscape, providing strong fundamental tailwinds for ADA’s valuation.

Another crucial layer to this unfolding narrative is market sentiment, particularly among large holders, often referred to as “whales.” Timestabloid reported that significant ADA accumulation has been underway over the past several weeks, with large addresses steadily increasing their holdings. Such whale accumulation is often viewed as a vote of confidence in an asset’s near-term price prospects, as these players typically operate with a longer-term perspective and access to sophisticated market insights.

At the same time, social sentiment around ADA has been steadily improving. Mentions of Cardano across crypto forums, social media platforms, and influencer channels have climbed notably, reflecting renewed interest from both retail investors and institutional players. With momentum building both on-chain and off-chain, ADA’s market environment appears increasingly primed for a substantial rally.

Cardano’s price history also lends weight to Crypto Beast’s $1.5 target. ADA has previously demonstrated a tendency to move in sharp, impulsive waves following periods of consolidation. The $1.5 level itself holds psychological significance, representing not only a major round-number milestone but also a key historical resistance zone from past market cycles. A successful break above this level could open the door to even higher price targets, as momentum traders and sidelined investors re-enter the market in force.

Psychologically, the $1.5 threshold serves as a marker of Cardano’s resurgence, signaling a return to levels associated with bullish market conditions. Achieving this target could reignite broader confidence in ADA’s long-term potential, catalyzing further adoption and capital inflows.

As always, crypto investors should approach such predictions with a blend of optimism and caution, recognizing both the opportunities and the inherent volatility of digital asset markets. Nevertheless, all eyes are now on ADA’s next moves, as the stage appears set for Cardano to reclaim its position as a leading force in the crypto space. Whether Crypto Beast’s $1.5 target materializes in the near term or takes a longer runway, one thing is clear: Cardano’s momentum is once again surging, and the market is paying attention.