The past month has seen Cardano (ADA) experience a substantial rally, mirroring the broader crypto market‘s momentum.
The catalyst behind this surge stems in part from Bitcoin’s (BTC) lead in the rally, fueled by mounting expectations that US regulators are on the brink of approving a spot BTC exchange-traded fund (ETF).
Additionally, the price rise was also boosted by the Cardano Summit 2023, a prominent crypto event that took place from November 2 to 4, as well as the recent announcement by Cardano founder Charles Hoskinson, in which he revealed plans to move towards a fully decentralized governance structure.
This positive sentiment has injected a fresh wave of optimism into the market, propelling ADA to a crucial demand area. According to a prominent analyst, maintaining this position could pave the way for further gains, potentially toward yearly highs for the popular altcoin.
ADA must uphold this price range, analyst says
Well-known crypto expert Ali Martinez said Cardano
We współpracy z: https://finbold.com/cardano-could-hit-a-new-yearly-high-before-end-of-2023/
