Cardano’s Price Surge Potential as SEC Approval Odds Climb

Cardano (ADA) is showing potential for a bullish rally this week as the odds of an SEC-approved spot ADA ETF rise ahead of a crucial deadline. The price, currently hovering just above $0.773, remains around 50% below its year-to-date peak. Increased optimism stems from traders’ heightened expectation that the SEC will approve a spot ADA ETF by May 29th, as reported by Polymarket. However, experts anticipate a delay in the decision, given recent SEC actions.