Cardano (ADA) on Fire | Cardano (ADA) Explodes 36% in Two Weeks | Can Cardano (ADA) Reclaim Its ATH?

Cardano (ADA), the cryptocurrency created by Charles Hoskinson, has seen a remarkable surge in recent days, riding the wave of excitement surrounding the potential approval of a spot Bitcoin ETF. According to on-chain analytics firm Santiment, Cardano's market value has increased by a staggering 36% in just two weeks, with a 9% surge on Thursday alone. This upward trend has been fueled by a surge in whale activity, with whale addresses and transactions reaching their highest levels in over three months.

Cardano's resurgence comes as the crypto market slowly recovers from the deep drop it experienced following Bitcoin's all-time high of $67,000 in 2022. During this period, ADA plummeted from $1.5 at the beginning of 2022 to below $0.2. However, it is now trading near $0.351, demonstrating a significant rebound.

With solid on-chain activity indicating a strong foundation for further growth in the short and medium term, analysts at Santiment believe that Cardano could continue its upward momentum and even reclaim its all-time high above $3.

Cardano is not the only cryptocurrency experiencing an upward trend. Other major cryptocurrencies like Solana and XRP have also seen increases despite minor setbacks in Bitcoin. In fact, Solana (SOL) soared by 44% last week, rising from $31.04 to approximately $47, becoming one of the best-performing cryptocurrencies in the weekly market. This significant increase contributed to SOL gaining over 88% in the past month.

Is this the start of a new bull run for Cardano and the crypto market as a whole? Watch this video to learn more about the factors driving Cardano's recent growth and the potential for further gains.

Cardano (ADA) on Fire | Cardano (ADA) Explodes 36% in Two Weeks | Can Cardano (ADA) Reclaim Its ATH?

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