Despite recent declines, analysts are optimistic about the future of ADA, predicting a potential price surge to $1 or even higher in the coming weeks. This belief stems from several factors, including Grayscale’s recent update on its spot ADA ETF filing, which currently boasts 87% approval odds before year-end. Popular crypto commentator Ali Martinez and another X user LSTRADER both predict a significant price jump if ADA breaks past key support levels of $0.82-$0.83. 2023 saw the Cardano Foundation face increased scrutiny from some in the community, particularly regarding stablecoin development and native token support. However, renowned advocate Dan Gambardello remains bullish about Cardano despite these criticisms. He sees a strong potential for price increases with ADA as an ETF approval is likely to become reality soon. Grayscale’s recent update on their spot ADA ETF application has boosted investor optimism. A surge in demand for the asset could push prices even higher, particularly if a US-based spot ADA ETF gets approved before year-end. The current odds stand at 87%, according to data from Polymarket.