Cardano Surges 1.31% as ETF Approval Odds Rise to 90%

Cardano's latest price was $0.9020, up 1.314% in the last 24 hours. The cryptocurrency has been making significant strides in the cryptocurrency landscape, with a particular focus on its potential for mainstream adoption and technological advancements. The platform has been garnering attention due to its ETF narrative, which has become the primary driver in recent Cardano news. This narrative has drawn institutional capital back into the Cardano ecosystem, with industry trackers raising the odds of ADA spot ETF approval to as high as 90% for 2025. This development has fueled massive investor optimism and positioned Cardano as a top contender in the crypto market.

Beyond the ETF narrative, Cardano is also making progress in real-world utility. One of the most notable developments is the upcoming integration of ADA with Apple Pay. This integration is set to unlock access to over 550 million users, significantly boosting Cardano’s real-world reach. The move is expected to act as a catalyst, fueling not only user growth but also investor sentiment. With a strong chart, a successful retest, and expanding utility, ADA's path toward broader adoption appears less speculative and more procedural.

Cardano’s founder, Charles Hoskinson, has been actively defending the platform’s track record and recent advancements. He highlighted initiatives such as Hydra, Midnight, and Plutus upgrades, which boost the network’s scalability and smart contract capabilities. Additionally, Hoskinson pointed to the Sovereign Wealth Fund proposal aimed at improving liquidity through stablecoins. These advancements underscore Cardano’s commitment to technological innovation and its potential for long-term growth.

However, the platform is not without its challenges. A recent feud involving a blanket veto by a prominent figure in the Cardano community has revealed growing friction in the platform’s decentralized governance experiment. Hoskinson warned that emotional or ego-driven decision-making could derail progress and called for rational, proposal-by-proposal voting. He urged users to rethink how they delegate power, emphasizing the importance of a collaborative approach to governance. With new elections on the horizon and Cardano moving further from centralized oversight, the outcome of this governance standoff may shape whether the platform continues to evolve or stagnates under internal division.

Despite these challenges, Cardano continues to attract attention from both institutional investors and the broader crypto community. The platform’s focus on technological advancements, real-world utility, and decentralized governance positions it as a strong contender in the evolving crypto landscape. As Cardano navigates these developments, its future remains promising, with the potential for significant growth and adoption in the years to come.