Cardano's ADA could experience significant price movements if it attracts ETF inflows similar to Bitcoin's, according to a report by Cheeky Crypto Unfiltered. The analysis, referencing Captainaltcoin, suggests that weekly inflows ranging from $50 million to $300 million could lead to sharper price swings for ADA due to its smaller market cap compared to Bitcoin.
The report emphasizes that ETF inflows, rather than mere trading volume, are crucial in driving price action. Sustained demand through such inflows could elevate ADA's price, potentially shifting its market dynamics towards long-term holding. Meanwhile, Bitcoin's current price continues to serve as a key indicator for overall market sentiment.
Cardano's ADA Could Surge with Bitcoin-like ETF Inflows
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