Cardano Continues To Beat Bitcoin, Ethereum: Can It Sustain?
Cardano (ADA) is experiencing quite a steep price rally. The asset is outperforming major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), etc. CoinGecko data shows that ADAโs price has risen by 7.1% in the last 24 hours, 19.3% in the last week, 20.9% in the 14-day charts, and 18.6% over the previous month. Letโs discuss why Cardano (ADA) up today and if the upswing can sustain itself.
Why Is Cardano Price Up Today?
Firstly, whales have been accumulating Cardano (ADA) in the last few days. Santiment data shows that whale wallets saw inflows of 240 million ADA coins. Large whale wallets currently hold about 14.5 billion ADA coins. Whale activity often lead to price movements. Smaller investors may have followed the money as well.
Secondly, Cardano (ADA) will complete its 75-day period for regulated futures trading on the Chicago Mercantile Exchange (CME) on August 9, 2026. We could see the approval of a Cardano (ADA) ETF (Exchange Traded Fund) soon after.
