Cardano’s Going Viral, But Will the Price Follow?
The post Cardano’s Going Viral, But Will the Price Follow? appeared on BitcoinEthereumNews.com.
Cardano’s social media buzz is growing, signaling increased interest in its potential. Microsoft collaboration and Grayscale ETF could boost Cardano’s institutional adoption. Cardano is testing key price support levels, with a potential breakout in 2025. Cardano (ADA) is becoming all the rage with its social media presence seeing a serious spike, leaving Ethereum and Dogecoin in the dust. Crypto guru Dan Gambardello pointed out on X that ADA has become a hot topic in crypto discussions, showing growing optimism in its potential. Cardano ALERT! Microsoft, ETF & INSANE Headlines… Intro 00:00Cardano headlines exploding 00:40Cardano and Microsoft and ADA news 1:15Cardano charts 3:15Massive ADA pattern 4:15Short term price action and volatility to prepare for 8:00 pic.twitter.com/MV0Ko6O1rA — Dan Gambardello (@cryptorecruitr) February 12, 2025 Bitcoin Still King, But Cardano’s Volume Surging Sure, Bitcoin still runs the show in the conversation department, but Cardano’s rising volume suggests that more attention is being paid to its progress and price action. A big news for Cardano has been its collaboration with Microsoft. Charles Hoskinson, the founder of Cardano, had recently teased a high-profile meeting with a mystery guest later this month. This could be a huge deal for the blockchain as it explores new partnerships that could supercharge its network. Related: Cardano (ADA) Price Drop May Be Over: Analyst Sees an Imminent Rebound based on TD Sequential Indicator Additionally, Grayscale has filed for a Cardano ETF, its first product solely focused on ADA. This move is right in line with the broader trend of traditional financial institutions recognizing the value of digital assets. If it gets the green light, the ETF could provide institutional investors with a new way to invest in Cardano, ramping up demand and boosting the price. ADA Price Outlook Going through the charts, Dan Gambardello noted that Cardano’s price action is…
Filed under: News - @ February 12, 2025 5:23 pm