CandleFocus Here’s why Cardano tokens Minswap, Indigo, and Snek are surging
2025-03-03
Author: Content Editor
Cardano's price surged to its highest level since December 2021, reaching $1.175. This was driven by Donald Trump mentioning Cardano as part of the crypto strategic reserves. The endorsement increased the chances of a Cardano ETF approval by the SEC. The surge in Cardano's price also affected tokens in its ecosystem, with Minswap and Indigo experiencing significant gains. However, there is a risk of a pullback due to the "buy the rumor, sell the news" phenomenon and ADA's price action. If Cardano's price continues to rise, it could lead to further gains for other Cardano tokens.
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