ADA Dips, Still Leads in Dev Activity and Eyes ETF Approval

• ADA trades under $0.70 but shows signs of price stabilization.
• Cardano surpasses Ethereum in yearly core developer activity rankings.
• Odds of ADA spot ETF approval jump to 71% on Polymarket.

Cardano (ADA) is currently trading below the key $0.70 mark after a 2% drop, but not everything looks bearish for the project. Despite the price dip, analysts are watching closely for a reversal soon. In fact, recent on-chain and technical indicators could point to a stabilization phase before the next move up. 

Cardano Fundamentals: Dev Activity High, ETF Odds Rise to 71%

On the fundamentals side, Cardano continues to shine—having just overtaken Ethereum in yearly core developer activity, according to CryptoMethus. 

Institutional interest in ADA also appears to be growing, with data from prediction market Polymarket showing the odds for a spot ADA ETF approval in 2025 have surged to 71%.

Related: ADA Price Battle: Mixed Signals As Cardano Nears Must-Hold $0.685

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