Cardano Surges 21% to Reclaim $1: Is it Time to Buy ADA?
Cryptocurrencies are on the rise today, with Cardano’s ADA making a strong comeback after a rough start to the week. The altcoin managed to climb back above the $1 mark, which is a positive sign for investors. In fact, if it continues to hold above $1, we could see further gains up to $1.25.
One encouraging sign for Cardano is the record-high exchange outflows, which indicate a bullish trend for the cryptocurrency. This, combined with the overall positive market sentiment, has contributed to ADA’s impressive 20.82% surge in just one day.
Investors are keeping an eye on US inflation data, scheduled to be released later today, which could have an impact on the crypto market. As always, it’s important to stay informed and follow reputable sources like Invezz for the latest updates. Make sure to follow us on Telegram, Twitter, and Google News for instant updates on all things crypto.
