Cardano’s ADA token has seen a 3% uptick in the last 24 hours, thanks to its recent inclusion in Nasdaq’s expanded crypto benchmark index. This move, announced on June 9, 2025, significantly elevates ADA’s profile alongside other notable additions like XRP, Solana, and Stellar. As the token finds its place among traditional investors, the crypto market watches with bated breath.
ADA’s Surge Amid Market Swells
The inclusion of ADA in Nasdaq’s index isn’t just a symbolic win; it represents a tangible boost in market dynamics. According to CoinDesk Research, the token experienced a trading range of $0.66 to $0.72 overnight, with a recent price settling at $0.6951. Such volatility is not unusual in crypto markets, but the 8.8% swing underscores how traders are eagerly responding to ADA’s newfound prominence.
Trading volumes have surged by 68% over the past day, a testament to the heightened interest and active participation in ADA’s market. Despite the broader market’s unpredictable climate, ADA’s inclusion could be a game-changer, enhancing its visibility and appeal among institutional investors. Analyst James Carter remarked, “ADA’s addition to a major index like Nasdaq’s is a pivotal moment. It signals growing recognition and could pave the way for more mainstream adoption.” This follows a pattern of institutional adoption, which we detailed in Morgan Stanley Eyes Launching Crypto Trading Through E*Trade.
The Psychological Game at $0.70
The $0.70 mark has emerged as a crucial psychological support level for ADA. This threshold will likely play a decisive role in the token’s immediate future. Following a bullish rally, ADA saw a pullback from $0.72 to $0.69—suggesting that traders might be cashing in on short-term gains. This dynamic hints at a market still testing the waters, gauging whether ADA can maintain its upward momentum.
Technical analysis reveals that ADA established an upward trend from $0.67 to $0.72, supported by strong volume at the $0.68 level. This pattern indicates a potential for continued growth, provided the token can hold its ground above the psychological $0.70 barrier. Market analyst Lisa Tran noted, “We’re seeing the typical push-and-pull of profit-taking versus long-term holding. If ADA stabilizes above $0.70, it could set the stage for further gains.”
Historical Context and Market Trends
Historically, Cardano has been a project focused on scalability and sustainability, garnering a dedicated community. The recent Nasdaq inclusion highlights the maturation of the cryptocurrency market, where traditional finance platforms are increasingly intersecting with digital assets. This shift doesn’t just validate ADA; it reflects a broader acceptance of blockchain technology. For a deeper dive into the regulatory implications, see Nasdaq Seeks SEC Approval to List 21Shares Dogecoin ETF.
Meanwhile, the CoinDesk 20 Index, which tracks the broader crypto market, has risen by about 4% over the past 24 hours, mirroring the upward trend fueled by ADA’s performance. Such movements suggest a growing appetite for crypto assets, even as traditional financial markets continue to grapple with uncertainty.
Looking Ahead: Can ADA Keep Up the Momentum?
As ADA basks in its Nasdaq debut, questions linger about its ability to sustain this momentum. The crypto market is notoriously volatile, and while current trends are favorable, they could pivot swiftly. The key will be whether ADA can maintain investor confidence and secure its position as a go-to asset for both retail and institutional players.
As the dust settles, investors and analysts alike will be watching ADA closely. Can it leverage this visibility to cement its status in an ever-evolving market? Only time will tell, but for now, Cardano’s ADA seems poised on the brink of a potentially transformative chapter.
Source
This article is based on: Cardano’s ADA Gains 3%, Buoyed by Inclusion in Nasdaq’s Crypto Index
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
