Earlier this year, Cardano (ADA) was one of a short list of cryptocurrencies that had the opportunity to surge in value this year. The market is stagnant, but the possibility is resurfaced. Experts are very bullish on ADA tokens, suggesting that assets could surge by 60% for the remainder of 2025.
Analysts cite multiple reasons behind the expected surge. The crypto market began an overwhelming year, primarily due to difficult market conditions and uncertainty in the US economy. However, Monetum is backed up, and assets like Cardano Ada could begin a surge in the Altcoin season next month.
Rising trading activities
Trading activity over multiple Altcoins, including Cardano Ada, is on the rise. Cardano’s spot trading volume reached $700 million on Thursday, according to Coinglas. This is based on a trend that began late last month, with daily weekday trading volumes regularly exceeding $700 million. On April 25th, the number skyrocketed above $1 billion. This is a signal that the buyer is active.
Typically, an increase in purchasing activity around assets can lead to a surge, meaning buyers are picking up cryptocurrency at low prices. After almost several months of integration, a time of Cardano’s glow appears nearby.
Cardano Ada ETF arrives
Additionally, Cardano has confirmed that the odds for the ADA ETF are at a high of 75%. In 2024, crypto-based ETFs were industry talk. The investment vehicle has opened new doors to a larger asset class exposure, with Bitcoin and Ethereum approved. Certainly, $11 trillion asset manager BlackRock’s Ishares Bitcoin Trust (IBIT) was working so well that it was called the biggest ETF launch in history.
Currently, other cryptocurrencies want to have their own spot ETFs by the end of this year. Cardano Ada is one of the preferred options for getting initial approval, with some companies already submitting ADA ETF applications to the SEC. If any of these applications are approved, the big profits of ADA cryptocurrency will come first.
In a recent post on X (formerly Twitter), Bloomberg’s Eric Balknas updated the approval odds for hosts of crypto-based ETFs. The list included assets such as Solana (Sol), Ripple (XRP), and Cardano (ADA). When the odds of the latter increase, all signs refer to a surge in tokens.
The question is how much higher it can be. There are many people who are hoping to challenge the $1 level in the coming months. According to its daily charts, the ADA recently completed its reverse head and shoulder pattern. Additionally, it also erupted from a falling wedge and reconstructed the trendline above it. With significant momentum, the asset is expected to challenge $0.81 before jumping further towards the $1.17 level.