Cardano's Price Poised for 15% Rally with Coinbase ADA Futures Launch

Coin WorldSaturday, Mar 15, 2025 4:10 am ET
1min read

Cardano's price is poised for significant gains following the announcement by

Derivatives that it will launch ADA futures on March 31. This move is expected to enhance institutional interest and market liquidity, potentially driving a 15% rally in ADA's price. However, there are concerns that the listing could mark a local price top, leading to a sell-the-news event.

Coinbase Derivatives is expanding its cryptocurrency offerings by introducing ADA futures. The exchange has filed with the Commodity Futures Trading Commission (CFTC) for this product. If approved, the futures will allow traders to gain exposure to ADA without holding the underlying asset, enabling leveraged trading strategies. The launch is scheduled for March 31.

Historically, futures listings have spiked price volatility, and traders are now speculating about the impact of the ADA futures launch on Cardano's price, which has been experiencing choppy movements. At the time of the announcement, Cardano was trading at $0.74 with a 4.8% gain in 24 hours as the broader crypto market rebounded.

The upcoming launch of ADA futures could break Cardano from its current consolidation phase if it leads to a spike in social volumes. Exchange listings often drive speculative discussions, resulting in high trading activity. However, the recent Coinbase listing has not yet caused a surge in social volumes, indicating that Cardano's price still has room for growth before reaching another local top.

Analysts have shared a bullish prediction for Cardano's price, forecasting a 15% upswing after the altcoin bounced by nearly 5% to an intra-day high of $0.75 following the Coinbase listing news. Popular analyst Ali Charts suggests that ADA could be on the verge of a significant rally after forming a symmetrical triangle pattern. If ADA's price breaks out of the upper resistance trendline, it could pave the way for the altcoin to reclaim $1 as traders buy into the rally anticipated with the Coinbase listing later this month.

The launch of ADA futures is expected to drive institutional interest in Cardano, which will boost liquidity and bode well for ADA's long-term performance. Rising institutional interest amid the Coinbase Cardano futures launch and spot ETF listings could push ADA to an all-time high this year.