Assessing if Cardano [ADA] can outperform, break $1.50, and top altcoin market?

ADA’s resurgence is turning heads in the institutional world, with Grayscale leading the charge
This move is likely tied to ADA’s impressive price surge in late 2024, with ADA soaring by over 300%

After closing 2024 at $0.80 and trading at $1.14 at press time, Cardano [ADA] has clearly grabbed investors’ attention, especially with the ADA/BTC pair turning green. As altcoins compete for a surge in capital and Bitcoin edges towards a ‘high-risk’ zone, could Cardano emerge as the leader in the next altcoin cycle?

Cardano’s long-term future seems bright

There’s no doubt about it – The past week has been incredibly profitable for Cardano. HODLers who held strong through the tough Q4 are now reaping the rewards with impressive profits.

What’s even more exciting? ADA’s resurgence is catching the eye of institutional investors. Grayscale’s largest multi-asset fund, the Digital Large Cap Fund (GDLC), has quietly added ADA back to its portfolio.

After a stunning 300% surge in the second half of 2024, pushing ADA to $1.33, this move could be huge.

In fact, Grayscale now holds over $11 million worth of ADA, and that number could grow even more if the GDLC is approved as an exchange-traded fund (ETF) – something Grayscale filed for in October 2024.

With Bitcoin [BTC] and Ethereum [ETH] already seeing massive gains from ETF exposure, adding Cardano to the list would be a breakout moment.