Cardano Price Soars on ETF Hopes, Eyes $1.50 Target

With wider markets enjoying higher highs, Cardano price seems to be following the path, and in the past 24 hours, a surge of 7.01% has been seen at $0.9469, and the market capitalization has reached $34.15 billion with an increase of 9.91%.

The growth in prices seems to be followed by several factors, but it is said that the most recent registration of Grayscale Cardano Trust ETF on August 12, 2025, in Delaware has backed an initial growth in ETF price.

It is worth noting that Grayscale is one of the primary players that filed Bitcoin and Ethereum ETFs, and further gained approval from the Securities and Exchange Commission

However, there is no announcement of a formal filing with the SEC, but the Grayscale entry in the play has sparked bullish sentiments, driving prices upwards

Odds favoring Cardano ETF approval in 2025

On Polymarket, the leading prediction market, the poll ‘Cardano ETF in 2025?’ has a volume of $388,924, with 80% favoring its approval this year. The poll saw a 2% growth in the weekly time frame.

The odds were reported below 40% in June this year, but with clarity over cryptocurrencies and related rules, the odds grew over 80%, sparking debate of Cardano getting approval by the end of this year.

Also, the odds have been favoured by events like the Glacier Drop airdrop announcement by Charles Hoskinson, and growing activity over the Cardano network seems to be boosting investors’ and traders’ confidence.

In May this year, daily transactions surged past 50k, almost double the previous levels. Also, the whales’ accumulation has created scarcity, leading prices to upper limits.

Cardano eyes a mark above $1.00

According to the data from TradingView, Cardano has added 30.73% and when writing, it is exchanging hands above the 20-day, 50-day, 100-day, and 200-day exponential moving average.

Source: TradingView

Over the past 24 hours, the trading volume of Cardano has reached $4.7 billion with a massive addition of 83.62% and the constant surge in volume demonstrates the growing interest of trades in ADA.

ADA prices grew over 31% in the monthly time frame and over 27% in the past three months; however, in the YTD frame, the price of Cardano marked an uptick of 14.23%.

It is worth noting that in the intraday time frame, the price has touched the mark of $1.02, but after a correction, it’s once again fallen and now it’s seen to be eyeing a bigger mark, somewhat near $1.50.

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