Arbitrum Soars 50%, ADA Holds Steady: Cold Wallet’s Referral System Drives Lasting Value in August

This month, cryptocurrency markets saw a surge in momentum with Arbitrum (ARB) experiencing a remarkable 50% price jump, propelled by Ethereum’s broader rise. However, analysts are watching closely to see if this rally can sustain itself beyond short-term speculation. In contrast, Cardano (ADA) continues to demonstrate its resilience, displaying steady growth despite market volatility. Its bullish outlook remains firmly grounded in the expansion of its ecosystem and ongoing demand.