Cardano Price Prediction Amidst SEC Battle

[Sophie Robert]

Robinhood's delisting ADA

Fintech and crypto firm Robinhood has announced the delisting of cardano (ADA), solana (SOL), and polygon (MATIC) on June 27, 2023. This development comes after the publicly-listed company revealed that it was “actively reviewing” its coin listings in the wake of recent U.S. Securities and Exchange Commission (SEC) enforcement actions against Binance and Coinbase. This announcement caused a significant decline in Cardano (ADA) and other cryptocurrencies.

Cardano Price Prediction

• Sebastian Purcell, CEO of 1.2 Capital Management, sees the SEC issue as resolved for cardano and highlights the ripple vs. SEC lawsuit as the next crucial factor for its future.
• Frank Corva, senior analyst at Finder, expects the SEC's ongoing battle with Binance, affecting ADA's security status, could lead to short-term price drops over the next few years.
• Azzam Sheikh, a digital strategist at money advisor, highlights the Hydra updates's importance for cardano. Ada's price by year-end could range from $0.472 to $0.716, with an average of $0.552.

In general, the price of Cardano has been impacted by the market's uncertainties regarding regulatory actions and legal disputes. Understanding ADA's future trajectory and possibility for recovery will depend heavily on keeping an eye on current happenings, such as the resolution of the Ripple v. SEC litigation and Cardano's development and market adoption progress.

Stay tuned for all the ADA's update and future predictions!! 

[cryptoworld1]

The crypto market continues to process the fallout of the SEC lawsuites against binance and coinbase and while bitcoin and ethereum have shown some signs of strenght the cardano price is yet to bounce.