Story perspectives
Cardano Soars: Grayscale Reinstates ADA in Fund
1/8/2025
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Story summary
- Cardano (ADA) is back in Grayscale's Digital Large Cap Fund (GDLC) with a 1.44% share after a 300% surge in late 2024.
- Its return follows removal in April 2024, indicating renewed institutional interest.
- Analysts forecast ADA could hit $7.80 in the current bull cycle, based on historical trends.
- Grayscale's potential ETF conversion may enhance ADA's appeal to institutional investors.