TL;DR
- Speculation is growing that Gemini may soon list ADA, as hinted by co-founder Tyler Winklevoss.
- If confirmed, this could boost liquidity and drive price momentum for Cardano’s native token.
ADA Rally on the Way?
Cardano’s native cryptocurrency surged at the beginning of March when news broke of U.S. President Donald Trump’s confirmation regarding work on a strategic crypto reserve that will include ADA, among other assets. The price briefly eclipsed $1.10 but was quickly followed by a substantial correction. As of now, ADA is trading at around $0.73, according to CoinGecko data.
One factor that may momentarily reverse the bearish trend is increasing adoption by leading cryptocurrency exchanges. Rumors have surfaced that the U.S.-based exchange, Gemini, might soon facilitate trading services for ADA.
Tyler Winklevoss, co-founder of Gemini, recently hinted that ADA could soon be listed on the platform. Such a move would not only enhance the token’s liquidity and accessibility but may also exert upward pressure on its price.
Earlier this month, Gemini signaled to the community that significant announcements could be expected imminently, with a specific date, March 13, indicated for a potential reveal. Responses from users on social media suggest a strong belief that Cardano’s listing will be part of the forthcoming news.
Gemini is among a select few cryptocurrency giants yet to adopt ADA, while exchanges like Binance, Coinbase, Kraken, and others have already welcomed the token onto their platforms.
‘No Point in Selling Here’
Many market observers describe the recent drop in ADA’s price as a temporary setback rather than an end to the bull run. Market sentiment remains cautiously optimistic. One prominent social media user, Bitcoin Buddha, shared with followers that ADA “retests the key support, which is a bullish sign for recovery.”
“I am keeping an eye on this scenario just because of Trump’s reserves announcement. Cardano will hit hard once the market bounces back. Patience, no point in selling here,” Bitcoin Buddha added.
The cryptocurrency community eagerly anticipates further developments regarding the potential listing on Gemini, which could serve as a catalyst for a rejuvenation in ADA’s price momentum.
