ADA Experiences 15% Daily Upsurge: Could This Signal the Start of a Larger Bull Run?

Cardano (ADA) has seen a 15% daily increase and 23% weekly gain, as the Cardano Foundation continues to invest in adoption, operational resilience, and education. The foundation allotted $15 million of its 2024 budget towards partnerships with global organizations such as NASA, FC Barcelona, and the United Nations Development Programme.

Meanwhile, ADA is trading at $0.72 with a 24-hour trading volume of $1.5 billion, and technical analysts suggest a bullish reversal of 40%. Large investors have purchased an additional 120 million ADA tokens in the past two weeks. The possibility of an ADA ETF in the U.S., offering traditional investors exposure to ADA, is also on the horizon with approval odds increasing to 89% per Polymarket data.