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Forecasts for Cardano Prices: How Will the Delisting of Robinhood Affect ADA?

ADA is rising despite the dropped support news

Jun 12, 2023, 12:12 pm EST

  • Cardano (ADA-USD) price predictions are a hot topic among crypto traders today.
  • That’s due to Robinhood (HOOD) dropping support for the crypto.
  • ADA will no longer have support from the platform starting on June 27.

Cardano Price Predictions - Cardano Price Predictions: What Will Robinhood Delisting Mean for ADA?

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Cardano (ADA-USD) price predictions are a hot topic from crypto investors today alongside news of Robinhood (NASDAQ:HOOD) dropping the coin.

Robinhood has revealed that it;s planning to end support for the trading of certain cryptos, with Cardano being among them. Other cryptos affected by this news include Polygon (MATIC-USD) and Solana (SOL-USD).

Investors in Cardano will see the trading platform drop support for these three cryptos when June 27 rolls around. That’s bad news for ADA and the other cryptos, as Robinhood is one of the largest exchanges for crypto in the United States. That means this lack of support will limit its audience and ease of access.

That also has some crypto traders wondering what kind of effect this will have on ADA prices. Let’s get into that below with a look at the latest predictions.

Cardano Price Predictions

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What does this mean for ADA? Despite Robinhood dropping support, experts are hopeful the crypto will continue to rise over the next year. For perspective, the crypto was trading for 28 cents as of Monday afternoon. That follows a 4.9% rally over the prior 24-hour trading period.

Investors seeking out even more of the most recent market news will want to stick around!

We’ve got all of the latest happenings that traders need to know about on Monday! A few examples of our coverage include what’s going on with Salesforce (NYSE:CRM) stock and GameStop (NYSE:GME) stock today. You can find out more on these matters at the following links!

More Stock Market News For Monday

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On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Article printed from InvestorPlace Media, https://investorplace.com/2023/06/cardano-price-predictions-what-will-robinhood-delisting-mean-for-ada/.

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