Cardano Surges Monday as the Large-Cap Token Nears $1 Once Again

While still quite a ways off from its pandemic-era highs of more than $3 per token, cryptocurrency Cardano (CRYPTO: ADA) is once again on the move. On Monday, Cardano saw its native token ADA surge more than 5% as of 4:30 p.m. ET. That's a 24-hour move, though this token has really been on quite the rally in recent weeks.With Cardano now trading around $0.88, investors betting on a move toward the $1 level do have some key catalysts to rely on, outside the broadly bullish macro picture underpinning this sector.As one of the largest (and oldest) Layer-1 networks in the market, Cardano benefits from name recognition and solid positioning from large investors, or so-called whales. Indeed, that's one of the key metrics many traders and speculators rely on for whether a specific point in time is a buying or selling opportunity for tokens like Cardano.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool