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Cardano (ADA) has once again cleared all losses as its value skyrocketed by 46% in the past seven days, fueled by bullish sentiment on the cryptocurrency market. ADA rose to a high of $1.02 as market participants actively traded the coin.
Cardano (ADA) has gained 46% in a remarkable rebound weekly, bringing the cryptocurrency back to the key $1 level.
Peter Schiff, economist and crypto critic, demands an investigation into Trump's crypto reserve, claiming that the announcement might amount to a pump and dump scheme.
Tracy Jin, Chief Operating Officer of cryptocurrency exchange MEXC, on Wednesday attributed President Donald Trump's decision to include Cardano (CRYPTO: ADA) and Ripple‘s (CRYPTO: XRP) in the U.S. strategic crypto reserve to his businessman instincts, despite market skepticism and a subsequent Bitcoin (CRYPTO: BTC) price retreat. What Happened: Unveiled on Sunday, the reserve—set to include Bitcoin, Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), XRP, and Cardano—triggered a swift market reaction, with Bitcoin climbing from $85,000 to $95,000 before relinquishing all gains by Monday.
The cryptocurrency market is witnessing a robust rebound, with Cardano (ADA), KAITO, and Dohrnii (DHN) emerging as standout performers. Cardano has soared 64% from its recent low, fueled by regulatory optimism, while KAITO's 22.7% surge reflects strong buying pressure. Meanwhile, Dohrnii has skyrocketed 118.1%, driven by explosive trading volume.
The conversation surrounding Cardano (ADA) as a potential U.S. reserve asset has been gaining traction, but experts remain divided on its viability. The idea, which initially started as part of a broader discussion on alternative cryptocurrencies, has sparked skepticism as analysts question whether ADA has the necessary characteristics to be classified alongside established assets like Bitcoin (BTC) or Ethereum (ETH).
Cardano (ADA) is presently experiencing a significant increase in popularity on cryptocurrency exchanges. Investors are closely monitoring the most recent data, which suggests a significant increase in network activity and price movement.
Cardano price has caught the eyes of investors today with its recent jump of nearly 20% nearing the $1 mark. Notably, the surge comes amid massive buying pressure by the ADA whales, especially after Donald Trump revealed plans to add altcoins like XRP, ADA, and SOL, to the US Reserve Asset list.
The crypto market rebounded on Wednesday after President Donald Trump hinted at a tariff relief after Commerce Secretary Howard Lutnick reportedly stated Trump could roll back tariffs on Canada and Mexico, with an announcement likely on March 5.
After a potential ADA ETF, including Cardano in the U.S. strategic reserve offered strong bullish momentum. Along with the other cryptos within the markets, the ADA price also faced one of the brutal bearish attacks, but the third-generation token demonstrated massive strength.
During the White House Crypto Summit, the AI released several price forecasts for ADA (Cardano) and SOL (Solana).
ADA and LINK have skyrocketed by double digits.
Cardano's price has recently experienced volatility, largely influenced by its inclusion in Trump's US Crypto Strategic Reserve. This news initially spurred bullish activity, with investors jumping into ADA, but the excitement was short-lived.
Cameron Winklevoss and Brian Armstrong argue Bitcoin is the only viable reserve asset, with Ethereum as a potential exception.
Cardano (ADA) soared 12.42% on Tuesday, reaching $0.9403 by 14:00 (19:00 GMT) on the Investing.com Index. This marks its biggest one-day percentage jump since March 2.
Bitwise's executives have criticized the U.S. crypto reserve's inclusion of ETH, XRP, SOL, and ADA, arguing bitcoin alone is a true reserve asset. Bitwise Reacts to Trump's Crypto Reserve—Did Altcoins Just Weaken the Plan? Many leaders in the cryptocurrency industry, including executives at asset management firm Bitwise, have voiced their opinions on the U.S.
Veteran trader Peter Brandt slams Trump's crypto reserve plan, citing a credibility loss for including altcoins like ETH, XRP, SOL, and ADA.
A closely followed analyst says deep-pocketed investors are heavily loading up on two large-cap altcoins as the crypto market witnesses an abrupt spike in volatility. Trader Ali Martinez tells his 129,500 followers on the social media platform X that crypto whales snapped up about $2.
XRP and Cardano have climbed 375% and 163% since election day, while Ethereum and Solana have fallen over this timespan and bitcoin has relinquished some of its earlier gains.
XRP has retraced a startling 24% following an unsuccessful attempt to maintain its recent rally. A major factor in pulling XRP lower has been the marketwide decline, and traders are still on edge due to general uncertainty.
Cardano (ADA) price is in the spotlight as the prospect of the coin skyrocketing to a high of $10 resurfaces on social platforms. Backed by the positive shift in network activities, Cardano is now one of the most promising altcoins in the top 10 with bullish momentum as of writing.
Since dipping as low as $0.75 earlier in the session, the Cardano (ADA) price has staged a massive intra-day rebound, triggering a major technical buy signal. The post Cardano Price Triggers Major Buy Signal – Here's Where ADA Is Headed Next appeared first on Cryptonews.
Cardano (CRYPTO: ADA) has surged 40% in seven days, fueled by its unexpected inclusion in the proposed crypto strategic reserve and strong on-chain activity. Traders and analysts are now looking for further upside momentum.
The market reacted with a classic "buy the rumor, sell the news" move after Trump's crypto reserve announcement.
