{"id":29413,"date":"2025-05-30T10:01:52","date_gmt":"2025-05-30T10:01:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=29413"},"modified":"2025-05-30T10:01:52","modified_gmt":"2025-05-30T10:01:52","slug":"recent-cardano-ada-developments-interesting-eth-price-predictions-and-more-bits-recap-may-30","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=29413","title":{"rendered":"Recent Cardano (ADA) Developments, Interesting ETH Price Predictions, and More: Bits Recap May 30"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">The SEC delayed its decision on Grayscale\u2019s spot ADA ETF, while whales accumulated millions of tokens last week.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\"> Despite short-term volatility, ETH is up 45% monthly, with analysts forecasting a push beyond $3,000 in June.<\/span><\/li>\n<li>XRP 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.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Recap_CB-9.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-398542\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Recap_CB-9.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Recap_CB-9.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Recap_CB-9-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Recap_CB-9-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Recap_CB-9-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Recap_CB-9-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>Latest ADA Updates<\/h2>\n<p><span data-preserver-spaces=\"true\">Earlier this week, some members of the Cardano community<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/cardano-etf-update-why-may-29-matters-for-ada-holders\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\"> noted<\/span><\/a><span data-preserver-spaces=\"true\"> 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<p><span data-preserver-spaces=\"true\">The agency, however, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/CryptosR_Us\/status\/1928063873812185216?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">opted<\/span><\/a><span data-preserver-spaces=\"true\"> to delay its decision until July 15. It has a maximum of 240 days to review the product, with a final deadline <\/span><span data-preserver-spaces=\"true\">of<\/span><span data-preserver-spaces=\"true\"> October 22.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The price of ADA is down 7% on a daily scale, as its downtrend could <\/span><span data-preserver-spaces=\"true\">be attributed<\/span><span data-preserver-spaces=\"true\"> to the SEC\u2019s actions and the overall decline of the cryptocurrency market during that time frame.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Meanwhile, several key factors suggest that Cardano\u2019s native token may soon regain its upward momentum. As <\/span><em><span data-preserver-spaces=\"true\">CryptoPotato<\/span><\/em> <a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/cardano-news-can-these-2-factors-fuel-a-10-ada\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">reported<\/span><\/a><span data-preserver-spaces=\"true\">, whales purchased over 180 million ADA last week, which <\/span><span data-preserver-spaces=\"true\">suggests<\/span><span data-preserver-spaces=\"true\"> strong confidence in the asset.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">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<blockquote>\n<p><span data-preserver-spaces=\"true\">\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<\/blockquote>\n<h2><span data-preserver-spaces=\"true\">Where\u2019s ETH Headed?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Despite the pullback over the past 24 hours, Ethereum (ETH) is up 45% <\/span><span data-preserver-spaces=\"true\">on a monthly basis<\/span><span data-preserver-spaces=\"true\">, currently trading at just north of $2,600 (according to CoinGecko\u2019s data).<br \/>\n<\/span><\/p>\n<figure id=\"attachment_398541\" aria-describedby=\"caption-attachment-398541\" style=\"width: 524px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/ETH-Price-5.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-398541\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/ETH-Price-5.png\" alt=\"ETH Price\" width=\"524\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/ETH-Price-5.png 847w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/ETH-Price-5-300x229.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/ETH-Price-5-768x586.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/ETH-Price-5-50x38.png 50w\" sizes=\"auto, (max-width: 524px) 100vw, 524px\"><\/a><figcaption id=\"caption-attachment-398541\" class=\"wp-caption-text\">ETH Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Popular industry participants <\/span><span data-preserver-spaces=\"true\">like the<\/span><span data-preserver-spaces=\"true\"> X users Daan Trades and Michael van de Poppe <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/analyst-predicts-3k-ethereum-eth-milestone-in-june\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">expect<\/span><\/a><span data-preserver-spaces=\"true\"> the asset to pump <\/span><span data-preserver-spaces=\"true\">in the near future<\/span><span data-preserver-spaces=\"true\"> under certain conditions.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">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<blockquote>\n<p><span data-preserver-spaces=\"true\">\u201cEthereum above $2,700 is a great sign. <\/span><span data-preserver-spaces=\"true\">I think we\u2019ll<\/span><span data-preserver-spaces=\"true\"> see $3,000+ in June<\/span><span data-preserver-spaces=\"true\">.\u201d<\/span><\/p>\n<\/blockquote>\n<p><span data-preserver-spaces=\"true\">Those willing to explore other, even more bullish price predictions involving the second-largest cryptocurrency can <\/span><span data-preserver-spaces=\"true\">take a look at<\/span><span data-preserver-spaces=\"true\"> our detailed article <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/interesting-ethereum-eth-price-predictions-as-of-late\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">here<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">What About XRP?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">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<p><span data-preserver-spaces=\"true\"> 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<p><span data-preserver-spaces=\"true\">Thus, XRP <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/ripple-xrp-outshines-eth-doge-ada-in-this-crucial-metric-details\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">outshined<\/span><\/a><span data-preserver-spaces=\"true\"> 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<blockquote>\n<p><span data-preserver-spaces=\"true\">\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<\/blockquote>\n<p><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> takes us to Warren Buffett\u2019s famous advice, <\/span><span data-preserver-spaces=\"true\">who<\/span><span data-preserver-spaces=\"true\"> years <\/span><span data-preserver-spaces=\"true\">ago<\/span><span data-preserver-spaces=\"true\"> advised investors to be greedy when others are fearful and vice versa.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/recent-cardano-ada-developments-interesting-eth-price-predictions-and-more-bits-recap-may-30\/\" rel=\"nofollow\">Recent Cardano (ADA) Developments, Interesting ETH Price Predictions, and More: Bits Recap May 30<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-29413","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29413"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29413\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}