Cardano ETF Speculation Grows as DOT and LINK Surge Alongside Altcoin Buzz
In August 2025, the market buzzed with rumors of a potential Cardano (ADA) ETF, sparking new excitement among traders and investors. The catalyst for this speculation was Grayscale’s updated S-1 filing with the SEC to move forward with a Cardano ETF filing. The proposed ETF, set to be traded on NYSE Arca, would directly hold ADA with Coinbase Custody providing security, excluding any exposure to leverage or derivatives.
Market data from Polymarket indicated an 87% probability for SEC approval of a Cardano ETF, a significant increase from the previous month’s range of 63-75%. With growing confidence in ADA, the coin had surpassed the $0.85 resistance level on the charts, leading analysts to believe it could reach $1.00 or higher if support levels hold, with some predicting a price increase of 40-55% upon ETF approval.
Despite the delay in the SEC’s final decision date from August 27 to October 26 due to the analysis of numerous crypto ETF applications, analysts remained optimistic about Cardano’s future prospects. The coin’s ongoing activities such as smart contract upgrades, developer tools, and the Midnight privacy protocol added to investors’ optimism, particularly regarding regulatory clarity.
Looking at other altcoins, Polkadot (DOT) had been trading in the $3.80-$4.20 range until August, slightly lower than the previous month. While short-term indicators were inconclusive, investors saw potential in Polkadot’s ability to interconnect different blockchains, making it a significant player in the upcoming cycle. Analysts expected DOT to be well-supported at $3.85 and gradually rise to $4.20 by year-end, with a forecasted price range of $6.99-$8.45 by 2026.
On the other hand, Chainlink (LINK) saw strong movement in the market, breaking resistance at $19 and holding above $23 into September. The demand for its oracle services, critical for smart contracts reliant on real-world data, gave LINK an edge. Traders speculated that older highs may be retested in the long run, positioning LINK as a safer bet during the altseason discussions.
The market excitement around Cardano’s ETF rumors had a spillover effect on Polkadot and Chainlink, with traders eyeing potential growth opportunities. Additionally, MAGACOIN FINANCE emerged as a new entrant in the market discussion, with analysts forecasting a target of $30 for LINK in the near term, fueled by technical strength and widespread use in DeFi and NFT projects.
In conclusion, the speculation surrounding ETFs had placed Cardano at the forefront, ultimately benefiting DOT and LINK amidst the general optimism surrounding altcoins. Should approvals be granted in October, analysts anticipated a positive market response. The addition of MAGACOIN FINANCE to the conversation demonstrated traders’ readiness to seize emerging opportunities and potential breakouts.
