Cardano (ADA) Dips, But Analysts Eye Major Price Surge

Cardano (ADA) has attracted significant attention with growing discussions about its potential role in the blockchain sector. There’s even been some speculation about the possibility of the US Treasury using Cardano’s network for financial transparency.

What if #Cardano is the chosen network to bring the US Treasury onto the blockchain? https://t.co/jkWcpAp2b1

— Ali (@ali_charts) February 6, 2025

Cardano (ADA) Price: Recent Downtrend

As of press time, Cardano trades at $0.7168, reflecting a 3.23% decline in the last 24 hours. The asset has also dropped by 26.27% over the past week.

Despite the recent downtrend, the cryptocurrency retains a strong market presence, with a total circulating supply of 36 billion ADA and a market capitalization of $25.72 billion. Industry experts believe that ADA still holds strong growth potential in the upcoming market cycle.

Related: Cardano Gets Major Boost with Dex Tools and Dex Screener Listing

Analysts Predict a “Monster” Rally for ADA

Ali Martinez, a well-known crypto analyst, pointed out that ADA previously surged from under $0.10 to over $3 in mid-2021. He suggested that the token could be at the start of another significant parabolic rally, with its price potentially reaching $15 if history repeats itself.

Source: X

CryptoRus echoed this bullish sentiment, emphasizing that ADA appears primed for a substantial price increase.

Additionally, Lucky, a prominent X user with over two million followers, asserted that Cardano’s strong fundamentals and growing adoption could set the stage for an upward movement. These perspectives reinforce the belief that ADA remains a solid bet in the current market landscape.

New Staked Cardano ETP Launches in Finland

In a move to expand Cardano’s investment accessibility, Sweden-based digital asset manager Virtune launched the Virtune Staked Cardano ETP on the Nasdaq Helsinki Stock Exchange. The financial product, trading under the ticker VIRADAE, began trading on February 5, 2025.

Related: Cardano Community Weary of Grifters, Hoskinson Reacts

The newly introduced Cardano ETP offers a 1:1 exposure to ADA, allowing both retail and institutional investors to gain direct access to the cryptocurrency. Moreover, investors benefit from an additional 2% annual return through staking rewards, which are continuously added and reflected in the ETP’s daily price.

The ETP is fully backed by ADA and stored securely in Coinbase’s cold storage, with a management fee of 1.49%.

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