Cardano’s Social Sentiment Is Booming – Will ADA’s Price Follow?

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<a href="https://bbg-news.com/ada-usd/">Cardano</a>‘s Social Sentiment Is Booming – Will <a href="https://minority-mindset.com/ada-usd/">ADA</a>‘s Price Follow?

Is Cardano the New Crypto Darling or Just Another Overhyped Fad? 🤔💸

Ah, Cardano (ADA), the cryptocurrency equivalent of that friend who always shows up to the party but never brings snacks. It’s currently experiencing a delightful nosedive, shedding nearly 12% of its value over the past month. Now it’s just hanging out at around $0.70, like a sad balloon at a kid’s birthday party. 🎈

And what’s this? Whales—those big, blubbery investors—decided to offload more than 100 million ADA tokens last week. I guess they were feeling generous, or maybe they just wanted to make room for their next big investment in virtual pet rocks. Either way, it’s added a lovely layer of selling pressure and uncertainty to the mix. Thanks, guys! 🙄

But wait! Despite this downward spiral, the social sentiment surrounding Cardano is apparently on the rise. It’s like the little engine that could, chugging along while everyone else is busy crying over their portfolios. According to Santiment, the positive comments about Cardano are outpacing the negative ones by a whopping 3.5 to 1. That’s a ratio not seen since late October to early November 2024—back when we were all blissfully unaware of what was to come. 😅

“Specific altcoins like Cardano are seeing high positive sentiment on social media. Aided by the fact that the SEC classified $ADA‘s use case as ‘smart contracts for government services,’ the altcoin’s community has pushed up bullishness to its highest rate in over 4 months.”

— Santiment (@santimentfeed) March 19, 2025

And what’s fueling this newfound optimism? Well, the SEC has decided to bless ADA with the title of “smart contracts for government services.” Because nothing says “trustworthy” like the government getting involved in your cryptocurrency, right? 🙃

Factors Driving Cardano

As Cardano navigates this wild market, three key factors are supposedly driving its momentum. First up, President Donald Trump announced that ADA would be part of the United States’ strategic crypto reserve. Because when I think of strategic reserves, I definitely think of a cryptocurrency that’s been more volatile than my Aunt Linda’s mood swings. 😬

Then there’s the collaboration with NASA. Yes, you heard that right. Cardano is teaming up with the space agency to work on blockchain-based data solutions. I can only imagine the conversations: “Hey, NASA, can we use your rockets to launch our blockchain into the stratosphere?” 🚀

Finally, institutional capital is starting to flow in, thanks to ETF applications from Canary Capital and Grayscale. The odds of this happening have jumped from 52% to 67%. It’s like watching a game of poker where everyone’s bluffing, and I’m just here for the snacks. 🍿

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2025-03-19 11:42