Cardano Eyes $1 Breakout Fueled by Whale Activity and Grayscale ETF Filing

Cardano’s price has surged in recent months, surpassing many other Layer 1 (L1) blockchains like Bitcoin. This rise is fueled by increasing social media chatter, the news of a Grayscale ADA ETF filing, and growing whale activity. After five months of consolidation, Cardano’s price crossed above $0.90, signaling potential for further gains. Traders are closely observing if ADA can break this key resistance level and sustain its bullish momentum.