Virtune Staked Cardano ETP (Viradae) was officially introduced on the NASDAQ Helsinki Virtune, adjustable manager of digital assets with headquarters in Sweden. For Cardano (ADA), this is the main turning point, since it gives institutional and individual investors a new path for investment in ADA and receiving rewards.
The new exchange product (ETP) offers physical support for ADA 1: 1, safety for storing cold through Coinbase and 2% annual remuneration. With the ETP family, Helsinki Virtune is currently working to expand access to investment products based on cryptocurrencies throughout Europe.
Virtune also launched Avalanche (AVAX) ETP under the Viravaxe ticer in addition to Cardano. Having agreed Cardano with other institutionally accepted cryptocurrencies, such as Bitcoin Ethereum Soolana and XRP, all of which already have ETP virtuns on Nasdaq Helsinki, this step strengthens the Cardano position as the upper blockchain asset. The introduction of stable cardano ETP increases the attractiveness of the ADA to institutional investors, striving for adjustable effects with the possibility of passive income.
From the point of view of the adoption of the market, this can lead to a greater liquidity and a wider pool of investors, which ultimately can improve the stability of ADA prices. The true influence, however, will be determined by the demand of investors and a common market mood. After a sharp fall, Cardano is currently trading at 0.75 US dollars, which indicates a modest recovery of 3.11%.
Recently, the price of 200 EMA was tested, a critical level of support was tested. From $ 0.90 as a decisive level of resistance, ADA may try to bounce to $ 0.85 if it retains above this level. With the ADA is traded below 50 and 100 EMA, which indicates a possible further drawback, the bear’s trend is still under control.
The price may fall to $ 0.65 or less if it cannot support $ 0.72. Although the current reserve of the market represents the problem, the introduction of the Virtunskaya stable cardan of ETP is a positive step for the long -term implementation of the ADA. This new investment car can provide ADA assistance that needs it for a more reliable recovery if the institutional percentage increases. Nevertheless, the technical prospects are still shuttle in the short term, so any bull impulse depends on the ability of the ADA to remain above 200 EMA.
