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Cardano has slipped about 1.54% in the past day, but signs are pointing toward a turn in its fortunes. Traders have spotted a rare weekly golden cross on the ADA/USD chart. That happens when a shorter moving average crosses above a longer one. It can signal that buyers are gaining the upper hand after months of sideways action. First Ever Weekly Golden Cross According to analyst Mr. Brownstone, Cardano just logged its first‑ever weekly golden cross, with the 50‑week moving average climbing above the 200‑week line. ADA is trading at $0.60, under both its 50‑day MA at $0.66 and its 200‑day MA at $0.64. That gap means bulls need more firepower to push price back above key levels. Still, the weekly signal has many calling a bullish move ahead. Anyone else notice that Cardano just had it’s first Weekly Golden Cross ever? pic.twitter.com/d7gvWQfN1Z — Mr Brownstone (@GunsRoses1987) July 9, 2025 Price Levels To Watch Based on examination from MasterAnanda, ADA will likely need to reclaim its 34‑period EMA and the 200‑day MA before a real uptrend can take hold. Many traders use those levels as checkpoints. If ADA closes above $0.64, it could draw new buyers in. On the flip side, a drop under $0.59 might trigger more selling pressure. Whales Return To Accumulate Analyst Ali Martinez has noted that large holders scooped up about 120 million ADA over the past two weeks. These addresses, each holding between 1 million and 10 million ADA, now control roughly 5.5 billion ADA—worth around $3.3 billion at current prices. When big wallets pile in, it often suggests confidence that prices will head higher. But it can also lead to quick flips if whales decide to take profits. Whales bought over 120 million Cardano $ADA in the last two weeks! pic.twitter.com/HOjvzB6fqd — Ali (@ali_charts) July 8, 2025 Cardano: Forecasts And Sentiment Several price targets have emerged in recent weeks. Some analysts expect ADA to climb to $1.33, while others think $10 is within reach this cycle. Price prediction by CoinCodex points to a 25% rise to $0.74 by August 8, 2025. Right now, technical indicators lean bearish, and the Fear & Greed Index sits at 59 (Neutral). Cardano has seen 14 out of the last 30 days end in green, with volatility around 7.54%, according to the price prediction site. Outlook And Next Steps Cardano’s weekly golden cross is a bullish sign, but price still needs to clear shorter‑term hurdles. Traders looking for confirmation may wait for ADA to close above $0.66 on the daily chart. Those already in position might set a stop‑loss below $0.59 to guard against a rejection. With whale activity back on the rise and long‑term targets ranging from $1.33 to $10, Cardano is once again on investors’ radar. However, broader market trends—especially moves in Bitcoin—will likely dictate whether ADA’s momentum can stick. Featured image from Meta, chart from TradingView
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In a wide-ranging conversation with former Navy SEAL and YouTuber Shawn Ryan, Cardano founder Charles Hoskinson laid out the philosophical roots of crypto, linking blockchain directly to the ideals of liberty, trust, and decentralized power. The interview also drew some controversy about whether Hoskinson is a liar as he talked about his days as a secret agent in DARPA and the time he jumped out of an Apache helicopter. As one Twitter user wrote: “You really need to listen to all five hours of it for those out of context antics to make sense and to really understand the human side of Charles. You know, not just the genius entrepreneur archetype you’re familiar with.” The Good: Charles Hoskinson Breaks Down the Importance of Crypto Drawing from his early involvement in the Ron Paul movement, Hoskinson connected the dots between Austrian economics, sound money, and the failures of fiat. “If you don’t have good money, you don’t have liberty… Bad money creates socialism. Good money gives you agency.” — Charles Hoskinson, Shawn Ryan Show Hoskinson likened blockchains to constitutions: immutable, transparent, and resistant to political coercion. For him, crypto was a natural progression. “In crypto, my use is identical to a poor farmer’s in Sagal,” Hoskinson opined. “In the fiat world, Bill Gates and I are treated very differently.” Hoskinson pushed back against the idea that tokens are just speculative chips in a global casino. In his view, they’re what power decentralized systems by keeping infrastructure open, resilient, and out of the hands of tech monopolies. The Insane From Charles… But Also Interesting In some of the crazier stories told in the interview, before launching Cardano, Charles Hoskinson collaborated with DARPA, jumped out of helicopters, and even participated in a ritual ceremony in Brazil involving gloves full of bullet ants. Additionally, he was part of a team that de-extincted the direwolf, helped retrieve extrasolar fragments from the Pacific, and funded bioluminescent plant research. According to Laura Shin, Charles Hoskinson claimed that he is a CIA asset and a DARPA contributor who fell in love with a female spy after falling from an Apache. You can't make this shit up LMAO pic.twitter.com/ZiKLOTHLmt — MORBID-19 (@JuhyukB) March 9, 2022 The ADA community breathes really hard and types fast on their keyboard when you psychoanalyze Charles Hoskinson. But, regardless, Hoskinson’s crypto knowledge shone through. He believes crypto’s biggest flaw has been its adversarial mindset. Bitcoin vs. Ethereum, crypto vs. banks. His alternative: build interoperable systems where success is mutual. “Cardano hasn’t gone down once in eight years. You can’t build real finance on unstable ground.” — Hoskinson Is Charles Hoskinson a Sociopath? Here’s an excerpt from the book Out of the Ether, about what the other Ethereum co-founders thought of Charles: (Amazon) As it states: “A pathological liar, sociopath, and someone who tried to convince the Ethereum team that he was actually Satoshi.” Well.. love him or hate him, Charles Hoskinson is crypto’s closest thing to a rock star. Unlike Vitalik, he’s turned Cardano into a brand with Bond-like flair. And while Cardano’s tech holds up, let’s be honest that it is Hoskinson’s charisma that is half the reason Cardano has Wall Street’s attention. EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways
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With Cardano (ADA) being a proof-of-stake (PoS) blockchain platform meant to trigger positive global change across visionaries, innovators, and changemakers, the 10th-largest cryptocurrency continues to attract notable attention. As a result, renowned market analyst Ali Martinez recently acknowledged that, based on historical data, Cardano was eyeing an 18,750x increase in price level from the current one of $0.59. Martinez pointed out, “If historical data is any guide, Cardano could be at the very beginning of a monster parabolic rally.” Crypto analyst Nala echoed these sentiments and stipulated that history was repeating itself, and ADA was getting ready to explode soon. Will a Cardano ETF See the Light of Day? Since leading asset management firm Grayscale recently filed for a Cardano exchange-traded fund (ETF) with the New York Stock Exchange, fingers remain crossed on whether it will get the green light. This is because ETFs play an instrumental role in enhancing institutional investments, which is bullish for an asset’s overall adoption. Therefore, Grayscale’s decision to have a Cardano ETF in place illustrates ADA’s growing institutional interest. Furthermore, ADA’s open interest has been on an upward trajectory after hitting $850 million, representing an 18.9% increase, according to Coinglass data. Meanwhile, Cardano recently received a major boost through an innovative and strategic partnership with Walmart meant to roll out a crypto cashback program featuring ADA.
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Grayscale’s proposal to convert its Digital Large Cap Fund (GDLC) into a spot ETF made headway this week after the U.S. Securities and Exchange Commission (SEC) on Tuesday gave the sign-off on an accelerated basis for the listing and trading of the fund on NYSE Arca.
However, investors will have to wait longer as its debut has been temporarily delayed.
SEC Hits Pause On GDLC Conversion To ETF
The SEC put a pause on converting the Grayscale Digital Large Cap Fund LLC a day after agency staff approved the fund to start trading.
“This letter is to notify you that, pursuant to Rule 431 of the Commission’s Rules of Practice, 17 CFR 201.431, the Commission will review the delegated action,” the letter, addressed to the New York Stock Exchange, stated. “In accordance with Rule 431(e), the July 1, 2025 order is stayed until the Commission orders otherwise.”
It can be found here on the SEC website. We have a few theories as to why this happened.
1. The SEC doesn't want to let anything to launch under the 19b-4 process until they officially approve or come up with some framework for digital assets in the ETF wrapper. pic.twitter.com/WegC5d2Tcj— James Seyffart (@JSeyff) July 2, 2025
Bitcoin comprises around 80% of the fund’s holdings. Roughly 11% of the ETF’s assets would be in Ethereum, while Solana accounts for approximately 2.8% of the fund, Ripple’s XRP commands over 4.8%, and Cardano (ADA) has a weighting of 0.8% in the fund. The SEC told NYSE that it would let it know “of any pertinent action taken by the Commission.”
Bloomberg ETF analyst James Seyffart suggested the delay may be tied to the SEC’s ongoing efforts to create an internal framework for issuing crypto exchange-traded products.
The SEC doesn’t want to let anything launch under the 19b-4 process until they officially approve or come up with some framework for digital assets in the ETF wrapper,” Seyffart noted.
Bloomberg’s senior ETF analyst Eric Balchunas concurred with this observation.
The plot thickens. Upper level of SEC telling $GDLC it can't launch until otherwise notified. Not sure why, no other info than this letter. My guess tho: They want to issue the crypto ETP listing standards before any '33 act spot ETFs hit market with these other coins. So likely… https://t.co/Za7rYk1o0E— Eric Balchunas (@EricBalchunas) July 2, 2025
While the SEC greenlighted Bitcoin and Ethereum spot ETFs, it has yet to give the nod to other altcoin spot products, including those tracking the price of Solana, XRP, and Cardano. The Bloomberg analysts are confident the regulator will approve such crypto products by year-end, though.
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REX-Osprey’s Solana ETF launched on July 2, with SOL now the third crypto asset to have a spot ETF in the US after Bitcoin and Ethereum. Bloomberg analysts Eric Balchunas and James Seyffart have now suggested that an XRP ETF could be the next to launch. XRP ETF Next As Solana ETF Goes Live In an X post, Bloomberg analyst James Seyffart suggested that an XRP ETF may be next following the launch of a Solana ETF. This is based on Seyffart and his colleague Eric Balchunas’ prediction that the XRP fund has a 95% chance of approval this year. They had also predicted that a SOL ETF had a 95% chance of approval and that this fund has now launched. Although not through the conventional structure, REX-Osprey launched the first Solana staking ETF on July 2. This is simply a spot SOL ETF, which will also provide staking rewards to investors. Additionally, the Grayscale Digital Large Cap Fund, which also had a 95% approval odds, has also been approved by the SEC, which puts the XRP ETF in pole position to be next. Following the approval order for the conversion of Grayscale’s fund into an ETF, market expert Nate Geraci declared that a spot XRP ETF is up next for the SEC’s approval. He predicts that other altcoin ETFs for Cardano and Litecoin will also get the nod from the commission. However, based on Seyffart and Balchunas’ prediction, a Litecoin ETF is the only one that could come before an XRP ETF. The approval odds for a Litecoin ETF also stand at 95%. Furthermore, the final SEC deadline for the LTC ETF is October 2, just days ahead of the XRP ETF’s final deadline, which is October 17. Traders Expect XRP ETF Next Polymarket data shows that traders are expecting an XRP ETF before a Litecoin ETF or any other altcoin ETF. Data from the prediction market shows that there is an 87% chance that the XRP fund gets approved by December 31. On the other hand, there is an 86% chance the SEC will approve an LTC ETF by year-end. Other altcoin ETFs have lower odds of approval by year-end. Seyyfart and Balchunas predicted that there is a 90% chance that Cardano, Dogecoin, Hedera, Avalanche, and Polkadot ETFs get approved this year. Polymarket traders say that there is an 83% and 76% that the Commission approves an ADA and DOGE ETF, respectively. Meanwhile, Ripple’s decision to drop the cross-appeal against the SEC and potentially end the XRP lawsuit is another reason why experts like Geraci are confident that an XRP ETF will come soon. At the time of writing, the XRP price is trading at around $2.26, up over 3% in the last 24 hours, according to data from CoinMarketCap.
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The Cardano price performance has been nothing short of shambolic since the start of May, falling from the lofty heights of $0.85 in less than two months. According to data from CoinGecko, the altcoin’s value has declined by more than 24% in the past month. While the price of ADA saw an explosive growth at the beginning of the second quarter, the token is now back where it started in April — just above the $0.5 mark. Interestingly, the signs are pointing to further decline for the Cardano price over the next few weeks. ADA Price Stuck In Descending Channel On Friday, June 27, prominent market analyst Ali Martinez took to the social media platform X to share an ominous prediction for the ADA token’s price. According to the crypto pundit, the Cardano price could be heading to around $0.47 for its next support. This bearish projection revolves around the appearance of a descending channel pattern on the three-day Cardano chart. A descending channel is a chart formation in technical analysis characterized by two major trendlines: the upper line acting as the resistance level and the lower line acting as the support level. The space between these trendlines serves as the channel within which prices move over a period. Typically, the formation of a descending channel suggests the persistence of a downward price trend and lower highs. At the same time, traders can use this pattern to identify optimal entry and exit points. The Cardano price chart above, for instance, shows that the altcoin price has been in a downward trend since last November. The token seemed to have turned its fortune around after finding support at the lower trendline in early April and running back above the $0.8 level. However, the Cardano price failed to break the upper trendline at the beginning of May and has since been experiencing a downturn. According to Martinez, the ADA token could fall to as low as $0.47 — around the lower trendline — to find a support cushion. Moreover, the 1.272 Fibonacci level — used in technical analysis to identify price targets and support or resistance levels — is also around the lower trendline. Ultimately, this means that the Cardano price could fall even lower than its current price point. Cardano Price At A Glance As of this writing, the ADA token is valued at around $0.56, reflecting a 1.3% price jump in the past 24 hours. According to CoinGecko data, the price of Cardano is down by more than 3% in the last seven days.
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Cardano price started a fresh decline below the $0.5750 zone. ADA is now consolidating and might struggle to stay above the $0.550 support.
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