The cardano daily transactions have reached a summit of 50,000, which has been provoked by flashing basic things, including the possibilities of an ADA ETF. The ADA value is increasing with the result of positive on-chain metrics, with traders peel their eyes for a possible price breakout.
Daily transactions reach 50,000 operated by ADA ETF possibilities
As X post From Taptool, daily transactions on Cardano have increased by 50,000 from their previous ups of their previous offering. In early May, the daily transactions were less than 30,000, but the number climbed to a new monthly high set. The amount of cardano transactions is also drawing in impressive numbers, increasing by $ 684.6 million as compared to the last day. Matrix around the network has seen an increase of about 8% in the price of cardano since the beginning of May.
Just in: Daily Cardano $ Ada Since the beginning of May, the transactions have increased from ~ 30,000 to about 50,000. pic.twitter.com/mkdbkizb34
– Taptools (@Taptools) 27 May, 2025
In the push for 50,000 transactions, the ADA price increased by 5% in the last seven days. While on-chain data is portraying a positive picture for cardano, provides a clear perspective about the basic principles of a bird.
Enthusiasm for the approval of the spot ADA ETF has reached a peak Ahead of the deadline of 29 May. The US SEC will give its decision on May 29, with 71%approval on polymercate climbing. An SEC approval will trigger a wave of institutional interest in Spot bitcoin and atheryum ETF successes in Eda Akin.
Cardano price is a breakout for $ 3
As the ecosystem is waiting for the US SEC decision for a spot ETF, whales are submitting ADA in anticipation of a rally. Data of cardano feed confirms that $ 680 million ADA tokens left exchanges, indicating rapid emotions to the asset. In the meantime, Cardano Feed suggested that the ADA could be taken to its back peak.
$ 680m Ada Leaves Exchange: Cardano Eyes $ 1, Potential Climb up to $ 3 pic.twitter.com/pqweacp0nu
– Cardano Feed ($ ADA) (@Cardnofed) 27 May, 2025
Meanwhile, the previous price analysis by CooingP said that Cardano price may increase A new all-time high set to six-folds from current levels. To achieve the rally, the ADA value must advance a ascending parallel pattern, to reach the prices $ 4.50.
Investors are scattered for spikes in prices steep from other matrix including core developer activity. Cardano tops the atherium and solana in this metric, indicating growing network activity. Already, the possibility of pundits is considering ADA is crossing USDC Impact on market capitalization and solana value.
Aliu pokima
Aliyu Pokima is a journalist of an experienced cryptocurrency and emerging technologies with a neck to cover the needle-moving stories in space. Aliyu distributes news stories, regulatory updates and practical analysis with depth and accuracy. When he is not working on the chart or on the following lead, Aliu enjoys playing bass guitar, lifting weight and running a marathon.
Disclaimer: The material presented may include the author’s personal opinion and is subject to the market status. Do your market research before investing in cryptocurrency. The author or publication does not have any responsibility for your personal financial loss.
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