$ADA

🚨Cardano is a public decentralized blockchain platform that uses proof of stake to achieve consensus. It can facilitate peer-to-peer transactions with its internal cryptocurrency, ADA.😭

According to Coin Market Cap data, Cardano has also recorded an uptick in its trading volume. This Cardano metric is up by 7.43% to $5.52 billion.

Analysts believe that renewed interest in crypto might have triggered ADA’s mention as part of the U.S. list of strategic crypto reserves. This development could have prompted investors to begin accumulating the asset in anticipation of a potential increase.

🚨Proponents are optimistic that ADA’s addition to the list could spark institutional interest in the asset. The inclusion could also serve as a vote of confidence for asset managers to file for more Cardano exchange-traded funds (ETFs).

Grayscale Investments has already filed a proposal with the Securities and Exchange Commission (SEC.