Cardano Price Pumps 17% After Spot ETF Filing as Viral Solaxy Presale Nears $20M

Cardano’s 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 – and is quickly closing in on the $20 million funding milestone.

Grayscale ETF News Sends ADA Price Soaring

Cardano’s ADA token is a hot topic.

It’s currently trading around $0.79 after the Grayscale ETF news, hitting a week-long high.

The jump surprised many people, with ADA outperforming all major cryptos and posting a 26% gain from Sunday’s local low.

Trading activity also spiked, with spot volumes exploding 85% to $1.5 billion.

That’s nearly on par with Dogecoin’s trading volume over the past 24 hours.

All of this hype is because Grayscale unexpectedly filed for a spot ADA ETF.

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.

While Grayscale’s 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.

For Cardano fans who’ve endured major ups and downs in recent years, this ETF possibility is a sign that mainstream adoption could be closer than ever.

Cardano’s 2025 Vision: Hydra, BitcoinOS, and More

Cardano is known for its research-focused and careful approach to blockchain development.

This “slow and steady wins the race” strategy might have annoyed some investors seeking quick profits, but it has given Cardano a solid base for future growth.

And this year could be huge for the community.

The Hydra upgrade is coming, promising to significantly boost transaction speeds through Layer-2 scaling.

Plus, Cardano’s Ouroboros Leios consensus mechanism is helping to keep the network secure as it grows.

What’s also interesting is Cardano’s BitcoinOS initiative, which could let Bitcoin users access Cardano’s DeFi ecosystem without giving up their BTC.

With more than 34 DeFi projects up and running, $380 million locked into their protocols, and partnerships focused on supply chain tracking, it’s easy to see why Grayscale is paying attention to Cardano.

But ADA has a history of sharp spikes followed by equally-quick drops.

So, although ADA is today’s top altcoin gainer, smart traders know better than to get caught up in the hype.

Is Solaxy Next to Pump After Cardano? SOLX Presale Nears $20M as Experts Predict Huge Launch

While everyone’s focused on Cardano, another project – Solaxy – is gaining momentum.

As Solana’s first dedicated Layer-2 solution, Solaxy is about to hit a big milestone, with its presale closing in on $20 million.

The native SOLX token, currently priced at $0.001632, is set for another price bump within 48 hours as it enters the next presale stage.

Think of Solaxy as the fast lane for Solana.

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.

This approach makes things way faster and reduces the annoying transaction fees that go up during busy periods.

Solaxy is also interesting because it’s not just about reducing congestion.

It also includes a bridge to Ethereum, allowing users to quickly move assets between both ecosystems.

Plus, early investors can stake their SOLX tokens for high-yield rewards – one reason billions of tokens are already locked up.

YouTuber Borch Crypto thinks that Solaxy’s launch will be “huge.”

He told his 87,000+ subscribers that Solaxy could unlock a new level of scalability and interoperability for Solana.

So, while Cardano is receiving all the attention, SOLX could be next in line to rally.

Visit Solaxy Presale

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