On Monday, the native currency of Cardano’s blockchain, ADA, surged in charts by almost 3%. After nearly a full week of being on the dark side, it has now moved to the lighter side. ADA hit a trading high of $0.67 during the session. It could rise even higher. The trading volume of ADA has increased, with the buying pressure increasing to up to $500,000,000.
Why is Cardano ADA surging today, after being in the negative for almost a week now? This article will explain the reason why Cardano’s ADA has risen in value after being down for a week.
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Cardano: ADA gets listed on NASDAQ Crypto Index
Cardano ADA has been listed on the NASDAQ Crypto US Settlement Price Index along with Ripple (XRP). Solana, (SOL), Stellar. (XLM). These altcoins have seen their prices soar today due to the inclusion in the NASDAQ Crypto Index.
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Cardano ADA’s price soared when the NASDAQ Crypto Index added it to its ticker. The price could continue to rise if the coin can hold on to its momentum and draw in more investors. It could be advantageous to take a position in the altcoin as it is likely that the price will rise.
Bitcoin remains green and is hovering in the range of $107,500 today. ADA might move with Bitcoin if it climbs past the $110,000 price level in the next few days. Altcoins have remained largely bearish in price this year.
Cardano ADA may once more begin to lose value if NASDAQ Crypto Index inclusion slows. It is best to invest when things are hot. Take your positions after the surge and take quick profits.
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Source: watcher.guru
