Cardano’s Token Gains 3%, Buoyed by Inclusion in Nasdaq’s Crypto Index
Cardano’s native token ADA
added 3% in the past 24 hours after Nasdaq said it expanded its crypto benchmark index from five to nine assets, adding ADA alongside XRP , Solana and Stellar .
ADA experienced significant price volatility overnight, establishing a 8.8% trading range between $0.66 and $0.72, according to CoinDesk Research’s technical analysis. It was recently trading at $0.6951.
Trading volumes for ADA have increased 68% over the past 24 hours, suggesting active market participation despite uncertain conditions. Its addition to the Nasdaq index could significantly increase Cardano’s visibility among traditional investors.
Market analysts note the $0.70 level has emerged as a crucial psychological support zone that will likely…
