Cardano (ADA) has seen a significant surge in value, increasing by 46% in the past week. This has been fueled by a bullish sentiment in the cryptocurrency market, leading to high trading volumes. Analysts speculate that ADA's inclusion in the US list of strategic crypto reserves could have prompted investors to accumulate the asset in anticipation of potential growth. This inclusion may also spark institutional interest and lead to the filing of more Cardano exchange-traded funds (ETFs). Grayscale Investments has already filed a proposal for a Cardano ETF, and Tuttle Capital has filed for a "2x Long Cardano Daily Target ETF." Cardano recently surpassed $10 billion in trading volumes, indicating bullish activity. However, ADA has experienced a correction and is currently trading at $0.9900, but investors will be hopeful for stability above the $1 level.



Other News from Today