The Cardano blockchain’s native cryptocurrency ADA surged by nearly 3% in the charts on Monday. It entered the greener side of the spectrum today after remaining in the red for nearly a week. ADA reached a high of $0.67 in the day’s trading session and could shoot up further. Its trading volume has experienced an uptick with more buying pressure reaching up to $500 million.

So why is Cardano’s ADA surging in value today after remaining in the red for close to a week? In this article, we will highlight the development that made Cardano shoot up in value despite being in the bearish claws.

Also Read: Dogecoin (DOGE) & Cardano (ADA) Prediction For June 2025

Cardano: ADA Gets Listed on NASDAQ Crypto Index

Cardano’s ADA is now listed in the NASDAQ Crypto US Settlement Price Index (NCIUS) along with Ripple (XRP), Solana (SOL), and Stellar (XLM). The inclusion of these leading altcoins in the NASDAQ Crypto Index has made the prices surge in the charts today.

Also Read: Cardano ADA Price Forecast: When Can it Hit $1.25?

After the NASDAQ Crypto Index listed Cardano’s ADA in the ticker, the leading altcoin spiked in price. It could rally further if it holds on to the momentum and attract more investments into the fold. Taking an entry position into the altcoin now could prove beneficial as the development is a boost to its price.

Bitcoin is also hovering around the $107,500 range today and remains in the green. If Bitcoin climbs above the $110,000 level this week, ADA could move in tandem with the price rise. However, the altcoin has mostly remained bearish this year with little to no price spurt.

If the NASDAQ Crypto Index inclusion settles down, Cardano’s ADA could once again begin to decline in value. Therefore, the best investment strategy now is to strike when the iron is hot, pull out the holdings after a surge, and book quick profits this week.