Dogecoin and Cardano See ETF Support, Analysts Expect a Significant Rebound by the End of the Year
Dogecoin (DOGE) and Cardano (ADA) prices have been under pressure recently, but several positive signs suggest they could see a strong rebound in the coming weeks.
Dogecoin: ETF Listings Offer Huge Potential
Bloomberg analysts estimate a 90% probability of approval for the DOGE ETF applications submitted by Grayscale, Bitwise, and 21Shares. If approved, DOGE prices could surge.
DOGE could quickly break through $0.30 and potentially even challenge its all-time high of $0.7316 by the end of the year.
Cardano is also experiencing short-term corrections, currently trading at $0.7757, down approximately 3% on a daily basis and 14% on a weekly basis. However, from a long-term perspective, ADA has gained 95% over the past year, and its fundamentals remain solid. Regarding ETFs, Grayscale is the only one to have submitted an application for an ADA ETF, but the involvement of this leading institution increases the likelihood of approval. Given that ADA’s daily trading volume is approximately $1.9 billion, market demand could rapidly drive up prices once the ETF is listed.
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