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**ADA Traded in Hours, But Price Dips**
Although an earlier U.Today report hinted at predictions of a likely surge to $3 if favorable conditions persist, ADA has to work for it. Primarily, Dan Gambardello, Crypto Capital Venture founder, speculates that there would be a rise to $3 if Cardano were to announce a shift to an exchange-traded fund (ETF) in the future. Nate Geraci predicted in November that ETF issuers might file for spot ETF products to track the performance of Cardano and Avalanche. Such a development could trigger an upsurge in ADA’s price in the ongoing bullish cycle.
As things stand, however, it appears that the market is yet to be convinced by these predictions, as the price has taken a dip.
Source: u.today
