The recent performance metrics for ADA have shown developing optimism among investors after the Cardano price soared by 14% following its potential ETF filing. While the Cardano price could make headlines, its rival IntelMarkets is rapidly skipping ranks to become the next top 10 altcoins with Nvidia backing by offering lucrative opportunities with its $8.57 million presale.
Cardano Price Up By 14%: ADA ETF Launch Imminent
As of yesterday, crypto asset manager Grayscale officially filed for a Cardano exchange-traded fund with the New York Stock Exchange to expand its push into regulated crypto investments. The firm has never previously offered a standalone investment vehicle for ADA despite making past moves to do so. The ETF hype could potentially increase the Cardano price to new highs.
Grayscale has filed to convert its existing SOL and XRP trusts into a spot ETF but the ADA fund would be a new product. According to the 19b-4 filing, the Trust will hold only ADA, with each share representing a proportional interest in the fund’s holdings. Coinbase Custody would be the custodian of the assets, and BNY Mellon Asset Servicing would serve as administrator.
ADA Technical Indicators: Cardano Price Grows Optimism
In terms of performance metrics, the Cardano price approached support around its 61.8% Fibonacci retracement level (drawn from the August 5 low of $0.27 to the December 3 high of $1.32) at $0.67 on Sunday and rose 4.51% on Monday. At the time of writing, the Cardano price has recovered by 6% and is breaking above its weekly resistance at $0.74.
If the Cardano price breaks and closes above its $0.74 weekly resistance, it could extend the recovery to retest its high of $0.98. The Relative Strength Index (RSI) on the daily chart is at 38, bouncing off from its oversold level of 30 on Sunday. However, the RSI must trade above its neutral level of 50 for the bullish momentum to be sustained.
Traders Rush to IntelMarkets (INTL) to Secure Stable Growth
IntelMarkets (INTL) is going against the tide as other altcoins face major bearish trends amid the market volatility. This AI-powered project is gaining recognition for offering tools curated by AI that offer stable growth to experienced investors as well as newbies who have just stepped into the market. IntelMarkets has outperformed ADA, with over $8.7 million raised in its presale.
Priced at just $0.08 per token, IntelMarkets is receiving a strong buying trend from bullish investors who want to recover the lost gains caused by the ongoing bearish sentiment. Following the high demand among investors, IntelMarkets is positioned to soar ahead with up to 25x opportunities bundled with its cutting-edge trading tools to help traders secure huge profits.
Cardano Rival IntelMarkets Ranks Among ‘Top 10 Altcoins’
Crypto experts are observing strong performance indicators in IntelMarkets’ ongoing presale mania. They speculate that this new AI entrant could potentially take over ADA in Q3 of 2025. Analysts believe IntelMarkets could pose potential threats to the struggling Cardano price as most of them see this AI platform as a strong rival that could turn the game around.
With its presale stages selling out fast, IntelMarkets could potentially score high with its modern-generation trading features like portfolio management tools, sentiment analysis, and pre-built agents. These AI-powered and Nvidia-backed tools help traders and investors get the most out of the trillion-dollar crypto market while minimizing manual work with AI in control.
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