Cardano's Price Rises 0.085% as Foundation Launches Humanitarian ETP

Cardano's latest price was $0.7570, up 0.085% in the last 24 hours. The Cardano Foundation, in partnership with Switzerland for UNHCR, introduced the CASL ETP, a first-of-its-kind financial instrument that donates 100% of staking rewards to humanitarian aid. This regulated product supports refugee operations across 135 countries and is backed by 6.3 million ADA tokens, including contributions from the Cardano Foundation and the HOSKY team. Taurus SA provides custody and staking services to ensure regulatory compliance. The ETP leverages Cardano’s proof-of-stake mechanism to convert staking rewards into funding for humanitarian causes in crisis regions such as Syria and Sudan.

Cardano's regulatory news has been developing positively, with a 70% probability for Cardano ETF approval in 2025. The SEC faces a crucial deadline of May 29, 2025, regarding Grayscale’s spot Cardano ETF application. Analysts report growing optimism despite initial regulatory skepticism. A successful ETF launch would provide traditional investors new access to ADA exposure through regulated channels. The SEC maintains until October 22 to reach a final decision, though the upcoming deadline carries weight for market sentiment.

Popular crypto analyst and YouTuber Alex Becker has recently shared his outlook for the altcoin market, expressing his belief that Cardano (ADA) could outperform Solana (SOL) in the current cycle. Becker argues that Cardano has greater potential for delivering stronger returns in the coming months, despite Solana holding a much larger market cap. He suggests that ADA could rise by 5x to 8x from its current levels, potentially pushing the price to around $6.10. Becker confidently stated, “I think Cardano is going to do great. You can’t go wrong with it.”

Charles Hoskinson, the founder of Cardano, offered his perspective on ADA’s market position during a March appearance on the Gokhshtein podcast. Hoskinson compared Cardano and XRP, describing both as resilient blue-chip assets while classifying Solana as more of a mid-tier player. He noted that the U.S. government has reportedly selected five cryptocurrencies for its strategic reserve: Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). Hoskinson attributed Cardano’s inclusion to its longevity and ability to withstand bear markets. He also acknowledged Solana’s remarkable rebound following the FTX collapse, where it surged from $8 to an all-time high of $294 in January 2025. While he referred to Solana as “mid,” he nonetheless praised its resilience, aligning it with the select assets making up the U.S. crypto reserve basket.

Beyond short-term price action, some analysts believe Cardano’s larger bull phase hasn’t yet arrived. Dan Gambardello, founder of Crypto Capital Venture, released a risk model indicating that ADA’s bull market remains in its early stages. According to Gambardello’s model, Cardano’s long-term risk score currently sits at 37 — a level he described as a “Moderate Buy.” Historically, when ADA has hit similar risk levels, it was followed by major rallies, including its moves past $1 in 2017 and above $3 in 2021. Gambardello concluded that ADA remains in a buildup phase, with significant room to run once the next full-fledged bull cycle takes off. As momentum builds in the crypto market, analysts like Alex Becker are zeroing in on Cardano as one of the most promising opportunities this cycle, even when compared to giants like Solana. With its smaller market cap, strong technical foundation, and growing institutional recognition, ADA appears well-positioned for aggressive growth.

Cardano is pegging its growth to its integration with BitcoinOS, which will make it possible for users to stake Bitcoin (BTC). However, Bitcoin staking technology already exists, with Babylon Protocol and Lombard Finance having over $7 billion in assets. Cardano hosts only 48 DeFi applications, a total value locked of $443 million, and $31 million in stablecoins. In contrast, the recently launched Unichain has 27 applications, $568 million in assets, and $221 million in stablecoins. Unichain has handled over $14 billion in decentralized exchange transactions, while Cardano has yet to surpass $5 billion, a decade after its launch. Sonic, which was relaunched this year, has also beaten Cardano as its ecosystem has 126 applications and its assets have jumped to over $1.63 billion.