Cardano Pops After NASDAQ Listing—But Will It Last? – BlockNews
Cardano (ADA) surged after being added to NASDAQ’s Crypto Index, alongside XRP, SOL, and XLM. The listing sparked fresh optimism, but ADA’s year-long bearish trend makes long-term sustainability uncertain. Traders may see this as a short-term play, aiming to buy the dip and sell on a quick rally before momentum fades. Cardano (ADA) just landed
- Cardano (ADA) surged after being added to NASDAQ’s Crypto Index, alongside XRP, SOL, and XLM.
- The listing sparked fresh optimism, but ADA’s year-long bearish trend makes long-term sustainability uncertain.
- Traders may see this as a short-term play, aiming to buy the dip and sell on a quick rally before momentum fades.
Cardano (ADA) just landed a major listing on the NASDAQ Crypto US Settlement Price Index (NCIUS), joining Ripple (XRP), Solana (SOL), and Stellar (XLM). The news pushed ADA’s price higher, giving the altcoin a much-needed bump after months of sideways movement.
Traders have taken notice. Following the inclusion, ADA saw a price spike and could continue to climb—if momentum sticks around. If it does, jumping in now might not be a bad idea. The listing adds a dose of legitimacy and could attract fresh capital from institutions or retail folks watching NASDAQ tickers.
Meanwhile, Bitcoin is still hanging around $107,500. If BTC breaks above the $110K mark this week, it could drag ADA up with it. But let’s be honest—ADA hasn’t exactly been explosive this year. A bit sluggish, actually. So the current boost might not last forever.
If this NASDAQ hype starts to fade, ADA could slide back down again. For investors, this could be one of those quick-hit opportunities. Ride the pump, lock in profits, and get out before it fizzles. Timing’s everything on this one.
Delegate Your Voting Power to FEED DRep in Cardano Governance.
DRep ID: drep12ukt4ctzmtf6l5rj76cddgf3dvuy0lfz7uky08jfvgr9ugaapz4 | We are driven to register as a DRep by our deep dedication to the Cardano ecosystem and our aspiration to take an active role in its development, ensuring that its progress stays true to the principles of decentralization, security, and community empowerment.DELEGATE VOTING POWER!
