
{"id":43614,"date":"2025-02-11T17:40:27","date_gmt":"2025-02-11T17:40:27","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=43614"},"modified":"2025-02-11T17:40:27","modified_gmt":"2025-02-11T17:40:27","slug":"cardano-price-pumps-17-after-spot-etf-filing-as-viral-solaxy-presale-nears-20m","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=43614","title":{"rendered":"Cardano Price Pumps 17% After Spot ETF Filing as Viral Solaxy Presale Nears $20M"},"content":{"rendered":"<p>Cardano\u2019s price just popped 17% following a surprise ETF filing from Grayscale, potentially paving the way for more institutional adoption.<\/p>\n<p>Meanwhile, the Solana-based L2 platform Solaxy is going viral in its presale \u2013 and is quickly closing in on the $20 million funding milestone.<\/p>\n<h2>Grayscale ETF News Sends ADA Price Soaring<\/h2>\n<p>Cardano\u2019s ADA token is a hot topic.<\/p>\n<p>It\u2019s currently trading<a href=\"https:\/\/coinmarketcap.com\/currencies\/cardano\/\" target=\"_blank\" rel=\"noopener\"> around $0.79<\/a> after the Grayscale ETF news, hitting a week-long high.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/Picture1-11.png\"><\/a><\/p>\n<p>The jump surprised many people, with ADA outperforming all major cryptos and posting a 26% gain from Sunday\u2019s local low.<\/p>\n<p>Trading activity also spiked, with spot volumes exploding 85% to $1.5 billion.<\/p>\n<p>That\u2019s nearly on par with Dogecoin\u2019s trading volume over the past 24 hours.<\/p>\n<p>All of this hype is because Grayscale unexpectedly filed for a spot ADA ETF.<\/p>\n<p>This filing comes a little more than a year after the SEC approved spot BTC ETFs, opening the door for other altcoins to follow suit.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/Picture2-11.png\"><\/a><\/p>\n<p>While Grayscale\u2019s ETF is not guaranteed to be approved, it shows that big players are becoming more interested in offering regulated crypto investment options beyond Bitcoin and Ethereum.<\/p>\n<p>For Cardano fans who\u2019ve endured major ups and downs in recent years, this ETF possibility is a sign that mainstream adoption could be closer than ever.<\/p>\n<h2>Cardano\u2019s 2025 Vision: Hydra, BitcoinOS, and More<\/h2>\n<p>Cardano is known for its research-focused and careful approach to blockchain development.<\/p>\n<p>This \u201cslow and steady wins the race\u201d strategy might have annoyed some investors seeking quick profits, but it has given Cardano a solid base for future growth.<\/p>\n<p>And this year could be huge for the community.<\/p>\n<p>The<a href=\"https:\/\/docs.cardano.org\/developer-resources\/scalability-solutions\/hydra\" target=\"_blank\" rel=\"noopener\"> Hydra upgrade<\/a> is coming, promising to significantly boost transaction speeds through Layer-2 scaling.<\/p>\n<p>Plus, Cardano\u2019s Ouroboros Leios consensus mechanism is helping to keep the network secure as it grows.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/Picture3-11.png\"><\/a><\/p>\n<p>What\u2019s also interesting is Cardano\u2019s<a href=\"https:\/\/medium.com\/tap-in-with-taptools\/bitcoinos-set-to-make-cardano-bitcoins-defi-layer-f537e1f8f6c9\" target=\"_blank\" rel=\"noopener\"> BitcoinOS initiative<\/a>, which could let Bitcoin users access Cardano\u2019s DeFi ecosystem without giving up their BTC.<\/p>\n<p>With more than 34 DeFi projects up and running, <a href=\"https:\/\/defillama.com\/chain\/Cardano\" target=\"_blank\" rel=\"noopener\">$380 million<\/a> locked into their protocols, and partnerships focused on supply chain tracking, it\u2019s easy to see why Grayscale is paying attention to Cardano.<\/p>\n<p>But ADA has a history of sharp spikes followed by equally-quick drops.<\/p>\n<p>So, although ADA is today\u2019s top altcoin gainer, smart traders know better than to get caught up in the hype.<\/p>\n<h2>Is Solaxy Next to Pump After Cardano? SOLX Presale Nears $20M as Experts Predict Huge Launch<\/h2>\n<p>While everyone\u2019s focused on Cardano, another project \u2013 <a href=\"https:\/\/cryptopotato.care\/b_solaxy-en_662?referrer=cardano-price-pumps-17-after-spot-etf-filing-as-viral-solaxy-presale-nears-20m\" target=\"_blank\" rel=\"noopener\">Solaxy<\/a> \u2013 is gaining momentum.<\/p>\n<p>As Solana\u2019s first dedicated Layer-2 solution, Solaxy is about to hit a big milestone, with its presale closing in on $20 million.<\/p>\n<p>The native<a href=\"https:\/\/x.com\/SOLAXYTOKEN\/status\/1889018364200464791\" target=\"_blank\" rel=\"noopener\"> SOLX token<\/a>, currently priced at $0.001632, is set for another price bump within 48 hours as it enters the next presale stage.<\/p>\n<p>Think of Solaxy as the fast lane for Solana.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/Picture4-7.png\"><\/a><\/p>\n<p>When the main Solana network gets clogged with meme coin trades and DeFi transactions, Solaxy takes those transactions and processes them separately before putting them back on the mainnet.<\/p>\n<p>This approach makes things way faster and reduces the annoying transaction fees that go up during busy periods.<\/p>\n<p>Solaxy is also interesting because it\u2019s not just about reducing congestion.<\/p>\n<p>It also includes a bridge to Ethereum, allowing users to quickly move assets between both ecosystems.<\/p>\n\n<div class=\"embed\"><\/div>\n<p>Plus, early investors can<a href=\"https:\/\/solaxy.io\/en\/staking\" target=\"_blank\" rel=\"noopener\"> stake their SOLX<\/a> tokens for high-yield rewards \u2013 one reason billions of tokens are already locked up.<\/p>\n<p>YouTuber<a href=\"https:\/\/youtu.be\/nTOAdSWEgJQ?si=rtOACSwnEX2u1_D-\" target=\"_blank\" rel=\"noopener\"> Borch Crypto<\/a> thinks that Solaxy\u2019s launch will be \u201chuge.\u201d<\/p>\n<p>He told his 87,000+ subscribers that Solaxy could unlock a new level of scalability and interoperability for Solana.<\/p>\n<p>So, while Cardano is receiving all the attention, SOLX could be next in line to rally.<\/p>\n<p><a href=\"https:\/\/cryptopotato.care\/b_solaxy-en_662?referrer=cardano-price-pumps-17-after-spot-etf-filing-as-viral-solaxy-presale-nears-20m\" target=\"_blank\" rel=\"noopener\">Visit Solaxy Presale<\/a><\/p>\n<p><strong>Disclaimer<\/strong><em>: The above article is sponsored content; it\u2019s written by a third party. CryptoPotato doesn\u2019t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.<\/em><\/p>\n<p><em>Readers are also advised to read CryptoPotato\u2019s\u00a0<a href=\"https:\/\/cryptopotato.com\/disclaimer\">full disclaimer<\/a>.<\/em><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/cardano-price-pumps-17-after-spot-etf-filing-as-viral-solaxy-presale-nears-20m\/\">Cardano Price Pumps 17% After Spot ETF Filing as Viral Solaxy Presale Nears $20M<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Cardano\u2019s price just popped 17% following a surprise ETF filing from Grayscale, potentially paving the way for more institutional adoption. Meanwhile, the Solana-based L2 platform Solaxy is going viral in its presale \u2013 and is quickly closing in on the $20 million funding milestone. Grayscale ETF News Sends ADA Price Soaring Cardano\u2019s ADA token is [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":43615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-43614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/43614"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43614"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/43614\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/43615"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}