Cardano Surges Monday as the Large-Cap Token Nears $1 Once Again
Key Points
Cardano is one of the oldest and largest cryptocurrencies in the market, and many are betting on a spot ETF being approved in short order.
Such an approval would immediately boost demand for ADA tokens, and provide greater liquidity overall for the projects built on its network.
Here's what to make of this move, and whether it's sustainable moving forward.
- 10 stocks we like better than Cardano ›
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.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »
Bullish bets on SEC ETF approval spurring demand
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.
Image source: Getty Images.
Right now, bullish momentum appears to be heating up, as many market participants appear to be looking to get ahead of an upcoming spot ETF approval by the SEC. As most investors are well aware, the SEC has starkly changed its position on the cryptocurrency sector, largely viewing these digital assets as investment-worthy (but that's really up to each individual to determine).
If Cardano is among the next major networks to receive the go-ahead for a spot ETF, I'd expect liquidity to surge on this network. Additionally, developers looking to build out new applications may choose to do so on a network with even greater perceived stability.
We'll have to see if this rally can be sustained. After all, Cardano has bounced off the $1 level a couple of times over the past few months. But it does appear investors are looking to get in front of what could be a big rally, so this token is one that will certainly be fun to watch.
Should you invest $1,000 in Cardano right now?
Before you buy stock in Cardano, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Cardano wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $621,976!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,150,085!*
Now, it’s worth noting Stock Advisor’s total average return is 1,058% — a market-crushing outperformance compared to 191% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.
See the 10 stocks »
*Stock Advisor returns as of September 29, 2025
Chris MacDonald has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Recommended Articles
