{"id":70385,"date":"2025-05-30T09:59:57","date_gmt":"2025-05-30T09:59:57","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=70385"},"modified":"2025-05-30T09:59:57","modified_gmt":"2025-05-30T09:59:57","slug":"recent-cardano-ada-developments-interesting-eth-price-predictions-and-more-bits-recap-may-30","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=70385","title":{"rendered":"Recent Cardano (ADA) Developments, Interesting ETH Price Predictions, and More: Bits Recap May 30"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

The SEC delayed its decision on Grayscale\u2019s spot ADA ETF, while whales accumulated millions of tokens last week.<\/span>
\n Despite short-term volatility, ETH is up 45% monthly, with analysts forecasting a push beyond $3,000 in June.<\/span>
\nXRP has surged 322% over the past year, but with 98% of its supply now in profit, Santiment warns of a higher risk of profit-taking and a possible short-term correction.<\/p>\n

<\/a><\/span><\/h2>\n

Latest ADA Updates<\/h2>\n

Earlier this week, some members of the Cardano community<\/span> noted<\/span><\/a> that the US Securities and Exchange Commission (SEC) has May 29 as an initial deadline to approve or reject Grayscale\u2019s application to launch the first spot ADA ETF in the United States.<\/span><\/p>\n

The agency, however, <\/span>opted<\/span><\/a> to delay its decision until July 15. It has a maximum of 240 days to review the product, with a final deadline <\/span>of<\/span> October 22.<\/span><\/p>\n

The price of ADA is down 7% on a daily scale, as its downtrend could <\/span>be attributed<\/span> to the SEC\u2019s actions and the overall decline of the cryptocurrency market during that time frame.<\/span><\/p>\n

Meanwhile, several key factors suggest that Cardano\u2019s native token may soon regain its upward momentum. As <\/span>CryptoPotato<\/span><\/em> reported<\/span><\/a>, whales purchased over 180 million ADA last week, which <\/span>suggests<\/span> strong confidence in the asset.<\/span><\/p>\n

Another bullish element is the development of Cardano. Just a few days ago, Input Output revealed that Bitcoin Ordinals can now be wrapped and bridged to the Cardano blockchain through Fairgate\u2019s BitVMX framework.<\/span><\/p>\n

\u201cThis breakthrough marks a significant advancement in decentralized finance (DeFi), enabling seamless interaction between two of the most prominent blockchain ecosystems,\u201d the team stated.<\/span><\/p>\n

Where\u2019s ETH Headed?<\/span><\/h2>\n

Despite the pullback over the past 24 hours, Ethereum (ETH) is up 45% <\/span>on a monthly basis<\/span>, currently trading at just north of $2,600 (according to CoinGecko\u2019s data).
\n<\/span><\/p>\n

<\/a>ETH Price, Source: CoinGecko<\/p>\n

Popular industry participants <\/span>like the<\/span> X users Daan Trades and Michael van de Poppe <\/span>expect<\/span><\/a> the asset to pump <\/span>in the near future<\/span> under certain conditions.<\/span><\/p>\n

The former saw a \u201cbig resistance\u201d at $2,800, which will be \u201ca tough level to break through quickly.\u201d For his part, Michael van de Poppe touched upon the matter when the price was above $2,700, saying:<\/span><\/p>\n

\u201cEthereum above $2,700 is a great sign. <\/span>I think we\u2019ll<\/span> see $3,000+ in June<\/span>.\u201d<\/span><\/p>\n

Those willing to explore other, even more bullish price predictions involving the second-largest cryptocurrency can <\/span>take a look at<\/span> our detailed article <\/span>here<\/span><\/a>.<\/span>\u00a0<\/span><\/p>\n

What About XRP?<\/span><\/h2>\n

Ripple\u2019s cross-border token has been on a downward trend lately, but it has seen an impressive 322% increase in the last year. As of this writing, it trades at around $2.20, having declined by 10% over the past week.<\/span><\/p>\n

According to Santiment, the total supply in profit (at least on paper) had surged past 98% earlier this week when the asset traded at $2.3.\u00a0<\/span><\/p>\n

Thus, XRP <\/span>outshined<\/span><\/a> ADA (71%), ETH (71.5%), DOGE (77.9%), and LINK (80.5%). While the data might sound optimistic and encouraging, Santiment issued a major warning, stating:\u00a0<\/span><\/p>\n

\u201cWhen large portions of a network are heavily in profit, the odds of profit-taking and a short-term pullback rise.\u201d<\/span><\/p>\n

This<\/span> takes us to Warren Buffett\u2019s famous advice, <\/span>who<\/span> years <\/span>ago<\/span> advised investors to be greedy when others are fearful and vice versa.<\/span>\u00a0<\/span><\/p>\n

The post Recent Cardano (ADA) Developments, Interesting ETH Price Predictions, and More: Bits Recap May 30<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR The SEC delayed its decision on Grayscale\u2019s spot ADA ETF, while whales accumulated millions of tokens last week. Despite short-term volatility, ETH is up 45% monthly, with analysts forecasting a push beyond $3,000 in June. XRP has surged 322% over the past year, but with 98% of its supply now in profit, Santiment warns […]<\/p>\n","protected":false},"author":0,"featured_media":70386,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-70385","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\/70385"}],"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=70385"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/70385\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/70386"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}