Is Cardano About to Skyrocket Because of Grayscale’s ETF? Spoiler: Maybe! 🚀

by

So, Cardano just took a little tumble, dropping 10% over the week and finally wobbling to a stop near $0.82 on Saturday. Why? Oh, just because Grayscale decided to shake things up at the SEC with registration statements for their shiny new ADA and Polkadot (DOT) ETFs. Fancy! The Cardano ETF, dubbed GADA (because who doesn’t love a cute ticker?), will trade on NYSE Arca and cleverly follow CoinDesk’s Cardano Price Index (ADX). Fancy stuff, right?

Grayscale’s S-1 Cardano ETF Filing, August 29, 2025 | Source: SEC.gov

But wait, there’s more! Grayscale didn’t stop at Cardano. Nope, they’re also rolling out an S-1 for a Polkadot ETF, expected to swing open the Nasdaq doors under ticker DOT, tracking the CoinDesk Polkadot CCIX Reference Rate. Both ETFs are like your boring but reliable friend – passive, no risky leverages or derivatives, and holding tokens safely with Coinbase. Yawn? Or smart? You decide.

New: @Grayscale submits S-1s for both their Cardano and Polkadot ETFs. They had already submitted 19b-4s for each of these – so these aren’t brand new filings

– James Seyffart (@JSeyff) August 29, 2025

Now, if you were imagining fireworks and champagne after this ETF bombshell, slow your roll. ADA and DOT basically shrugged and gave a polite yawn. Why? Because Bitcoin decided to play party pooper, dropping down to $107,000 on Friday – its lowest since July 2. Not exactly the mood lighting for altcoins to shine.

Adding a bit more salt, Bloomberg’s ETF guru James Seyffart pointed out these filings aren’t some shiny new toys but just the grown-up versions of February 2025’s applications. So, yeah, not exactly a fresh start, more like a “Hey, remember us?” wave.

ADA Price Forecast: Will $0.82 Hold or Is the Drama Just Starting? 🎭

Technical indicators (the nerdy charts everyone pretends to understand at parties) suggest Cardano is cozied up around $0.82 after its little nosedive. The Bollinger Bands are tightening like skinny jeans after Thanksgiving, which usually means a rebound is on the horizon. Fingers crossed.

The 20-day moving average is hanging out near $0.87, lining up with the mid-Bollinger band-basically the first hurdle ADA bulls need to vault over. Nail that, and $0.90 could be knocking on the door soon.

Cardano (ADA) Technical Price Analysis | TradingView | ADAUSDT 24H Chart, August 30 2025

MACD indicators, the oft-quoted party poopers, still say “not yet” with the signal line perched at 0.0102 above the MACD at 0.0130. But sellers look like they might be running out of steam, which is promising. Because who likes a gloomy party?

Warning: If Cardano slips under the $0.80 sweet spot, it could test the lower Bollinger band at $0.78 and crash the hopes of a quick rebound. But if $0.82 holds firm like a stubborn London queue, we might just see a climb back up to around $0.90-$0.92 with some caffeinated enthusiasm.

Best Wallet Presale Hype: Because Everyone Needs a Safe Place for Their Crypto Babies

Grayscale’s eager ETF hustle is shining a spotlight on altcoins like Cardano. Naturally, this makes investors crave secure multi-chain wallets. Queue Best Wallet (aka BEST), which is charming investors with low fees, juicy staking yields, and early dApp access. Basically the VIP lounge of crypto wallets.

They’ve already raked in over $15 million in presale funds, proving that investors love a good deal – or at least the illusion of one.

Best Wallet Presale

Fancy joining the cool crowd? Discounted entry tiers are still open, so early birds can snag BEST tokens directly from the official Best Wallet platform. Because who wants to miss out on the next big thing? 🏃‍♀️💨

Read More

2025-08-31 03:53