Cardano Price Outlook As ETF Approval Odds Decline- Will DeFi Push Take ADA Past $5?

Cardano price is pulling back today, August 6, as the entire crypto market tumbles. However, this drop has not changed the sentiment of some analysts regarding how it might perform in the future. One says that $ADA will not only recover above $1, but the price may reach $5. Meanwhile, the odds that the SEC is going to approve a spot Cardano ETF have plunged.