Cardano
Why Cardano is up 1.5% in the last hour
Analysis
Cardano (ADA) rose about 1.5% over the past hour, likely buoyed by positive sentiment after AMBCrypto reported that CME is set to support Cardano (alongside Chainlink and Stellar). The prospect of CME support can be interpreted as a step toward broader institutional access and legitimacy, which often triggers short-term buying interest in the featured altcoins.
Contributing Factors (1)
CME to support Cardano, Chainlink, and Stellar – Potential impact on altcoins?Â
ADA whales scaled up accumulation while LINK holders weren't selling aggressively
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.