Cardano's ADA Surges After T. Rowe Price Adds It to Crypto ETF Fund

Cardano's ADA token has surged by over 13% in the past 24 hours, reaching $0.2074 as of today.

This price increase follows T. Rowe Price's decision to add ADA to its Active Crypto ETF fund, which manages close to $1.9 trillion in assets.

The token now holds a 0.43% allocation in the fund, worth approximately $75,187 based on the fund's roughly $16.5 million in total assets.

Jure Karamarko, founder of Cardano-based project SongMarketCap, believes that ADA reclaiming the $3 level is not a matter of if but when, pointing to the token's push back towards levels last seen during the 2021 bull run.