Altcoins News
By Pankaj K
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Cardano (ADA) has emerged as a notable contender in the growing race for altcoin-based Exchange Traded Funds (ETFs), with Bloomberg analysts placing a 75% probability on a…
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While the broader crypto market has started Q2 on a strong note, bouncing back to a $3 trillion total market cap, Cardano has yet to gain meaningful momentum.
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One of the reasons behind ADA’s stall may be consistent sell pressure during rallies. Every time the price approaches $0.
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Additionally, Cardano’s Network Value to Transactions (NVT) ratio has hit a three-month high, indicating that the asset’s valuation may be running ahead of its actual utility.
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Taken together, these factors point to weak buyer demand and a sluggish capital inflow for ADA.
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Meanwhile, the altcoin ETF race is intensifying. Bloomberg has placed higher odds on both Solana (SOL) and XRP, giving them each a 90% chance of securing an ETF approval this year.
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Cardano, in contrast, seems caught in neutral. The TOTAL3 index, which tracks the total crypto market cap excluding Bitcoin and Ethereum, is nearing a major supply wall—signaling…
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With institutional capital increasingly concentrated in Bitcoin and Ethereum, the remaining altcoins are now in a race to attract attention—and an ETF approval could be the…
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Ultimately, while a 75% chance for an ADA ETF sounds promising, the current state of Cardano’s price action and on-chain signals suggest there’s still work to be done.
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As the race toward the first approved altcoin ETF heats up, every move counts—and for Cardano, closing the performance gap could be critical to staying in the game.
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