Could Cardano reach $1? ADA climbs 10%
Amid an enthusiastic day on the cryptocurrency market that began with Bitcoin (BTC) briefly tapping the $35,000 level, Cardano (ADA) has been making significant advances as well, reigniting hopes that the eighth-largest digital asset by market capitalization could actually reach the coveted price of $1 again. Indeed, Cardano has increased its price by 10.2% in the last 24 hours, adding up to the 15.81% gain on its weekly chart and an advance of 17.5% across the previous 30 days, and is currently trading at $0.289, according to the most recent information obtained by Finbold on October 24. Cardano 24-hour price chart. Source: Finbold As it happens, the recent advances arrive at the heels of rumors of a possibly imminent approval of a spot Bitcoin exchange-traded fund (ETF), which has pushed the total crypto sector toward adding over $100 billion to its market cap in a single day and the flagship decentralized finance (DeFi) asset soaring over 12% during the same period. Cardano pr...