Cardano price rose modestly this week after Grayscale applied for a spot ADA ETF. The popular layer-1 coin jumped to a high of $0.788 on Thursday morning, up by over 53% from its lowest level last week.

Cardano (ADA) is navigating a pivotal moment in the market, currently trading at $0.788 with a robust $27.9 billion market cap.

Cardano has been able to clamber back to the north of $0.70 at the start of the week, and could be setting up for a nice rebound this week.

Cardano (ADA) is attempting to reclaim the $0.75 support area. Grayscale has applied for an ADA Exchange-Traded Fund (ETF). Can ADA break out from the

The CME has not yet listed ADA futures, which is widely considered a prerequisite for gaining approval for a spot ETF