TDP #57: Cardano Gains Momentum
See what's trending—before it happens.
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✍️ Editor’s note:
After months of sideways trading, the crypto market is roaring to life.
Ethereum’s charge toward cycle highs is yanking liquidity across the roster, and Cardano has quietly flipped the “momentum” switch.
Coins here and there are breaking through key resistance levels. How are prediction markets pricing their potential? Let’s find out.
— The Daily Prediction Team
📈 Cardano is On The Upswing
Cardano (ADA) has been experiencing a notable price surge, with its price recently climbing to around $0.88 and, at one point, even breaking the $1 mark.
This momentum is attributed to a combination of technical upgrades, community action, and institutional interest.
For some people, this might be the first time that they’re hearing about ADA. But prediction markets have been eyeing ADA’s potential for a long while.
On Manifold, you can predict which cryptocurrency price will perform the best this year. As you can see, Cardano is not that far behind.
Kalshi traders have also been paying attention to Cardano for some time now. They look at it as one of the assets that Trump’s crypto reserve could acquire in 2025.
Then, there’s Polymarket, where you can predict whether a Cardano ETF receives approval from the SEC this year. The potential is high, for sure.
🔎 Current Cardano Snapshot
As of writing, Cardano (ADA) is trading around $0.9676.
On August 12, Grayscale, the world's largest digital asset manager, officially registered the “Grayscale Cardano Trust ETF” in Delaware. While this registration is not a final approval, it is a strong signal that a formal application to the U.S. Securities and Exchange Commission (SEC) is likely to follow soon.
Triggered by this growing ETF momentum, Cardano broke a long-term descending trendline, clearing resistance around $1.00. Analysts outline target levels ranging from $1.13 to $1.54 soon.
Other analysts see ADA poised to revisit its all-time high near $3, buoyed by Bitcoin’s rally and renewed altcoin breadth. Hydra Layer-2 rollout and DeFi TVL growth are cited as foundational, not short-lived, drivers.
In past cycles, ADA rallies often precede regulatory clarity. The marked increase in whale accumulation (200M ADA moved, roughly $157M) echoes pre-2021 behavior that preceded strong price cycles.
Yeah, Cardano is just getting started, it seems. 🚀
💪 Ethereum’s Sustained Surge
Altcoin season is really here.
Ethereum surged ~4.5% today to $4,692, outpacing altcoins like Solana (+12%) and Cardano (+9%). Bitcoin dominance dipped below 60%, triggering an altcoin rotation.
The most likely outcome is that Ethereum will break its all-time high and surge into new price discovery territory. That’s why prediction markets are pricing their bets right now.
On Polymarket, ETH reaching $4,800 in August is almost a sure thing.
Kalshi traders are also bullish on Ethereum hitting a new all-time high in August.
Ethereum’s all-time high is $4,867, which it hit in November 2021. How soon will it make new history?
🔎 Current Ethereum Snapshot
As of writing, Ethereum is trading around $4,688.85.
Institutional interest continues to build for Ethereum. BitMine, Sharplink, and ETHZilla (ex-180 Life Sciences) are stacking ETH in a “treasury strategy,” drawing parallels to MicroStrategy’s BTC accumulation.
Surely, the newly launched US-listed spot Ethereum ETFs are experiencing unprecedented institutional demand.
On August 11, 2025, these ETFs hit a record $1.02 billion in daily inflows, with BlackRock's ETHA leading the charge. This influx of institutional capital is providing a strong support floor and consistent buying pressure.
Supported by ETH’s strength and shifting capital, investors are coining the “altcoin season 2025” tag. Google search interest in “altcoin” is at multi-year highs.
Historically, Ethereum's strength has presaged altcoin cycles. With rising institutional flows, ETF availability, and increased custody, ETH is increasingly seen not just as crypto’s second horse, but a portfolio anchor.
🦄 A message from Groovy Market
🧐 Punting on the Peculiar
Warning, though: This list isn’t for everyone!
🤝 Trump-Putin
Trump, Putin, and Zelensky seen together by August 31? (Polymarket)
How long will Donald Trump and Vladimir Putin shake hands for? (Kalshi)
Where will Trump and Putin next meet? (Kalshi)
🏢 Companies
Amazon has mass layoffs before 8/15? (Manifold)
Who will be the next Editor-in-Chief of Vogue? (Kalshi)
Will Apple release the iPhone 17 before Sep 10, 2025? (Kalshi)
