Trump's announcement catapults Cardano (ADA) by 76 %-recapture of the $ 1-dollar brand and booming trading volume

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Von: Krypto News Österreich

Cardano (ADA) erobert die 1-Dollar-Marke zurück: Ein Blick auf die jüngsten Entwicklungen Die Kryptowährung Cardano (ADA) hat in den letzten Tagen für Aufsehen gesorgt. Die Ankündigung von US-Präsident Donald Trump, das Token in die geplante Kryptowährungsreserve seiner Regierung aufzunehmen, führte zu einem dramatischen Anstieg des Kurses um 76 % innerhalb von nur 24 Stunden. Das Handelsvolumen wuchs während dieses Zeitraums sogar um über 1.500 %. Der Aufstieg von Cardano auf die 1-Dollar-Marke Cardano hat sich in den letzten Jahren von seinem Allzeithoch von 3,10 USD, das es vor vier Jahren erreichte, stark entfernt. Im April 2022 fiel der Preis unter …
Cardano (ADA) conquers the $ 1 brand: A look at the latest developments The cryptocurrency Cardano (ADA) has caused a stir in the past few days. The announcement by US President Donald Trump to add token into the planned cryptocurrency reserve of his government led to a dramatic increase in the course by 76 % within just 24 hours. The trading volume even grew by over 1,500 %during this period. The rise from Cardano to the $ 1-dollar brand Cardano has significantly removed from its all-time high of USD 3.10, which it reached four years ago. In April 2022 the price fell under ... (Symbolbild/KNAT)

Cardano (ADA) conquered the $ 1: a look at the latest developments

The cryptocurrency Cardano (ADA) has caused a stir in the past few days. The announcement by US President Donald Trump to add token into the planned cryptocurrency reserve of his government led to a dramatic increase in the course by 76 % within just 24 hours. The trade volume even grew by over 1,500 %.

The climb of Cardano to the $ 1 In recent years,

Cardano has significantly removed its all -time high of USD 3.10, which it reached four years ago. In April 2022, the price fell under the $ 1 mark and has been fighting this brand since then. The recent increase after the US presidential election 2024 brought the Cardano community new optimism, but the course stabilized again within a descending wedge.

Trump's surprising confirmation that Cardano should be part of the crypto reserve he proposed gave the token new boost. According to the announcement, the course rose from $ 0.64 to a maximum of USD 1.13. At that time, Cardano was the top performer at the cryptom market, with a market capitalization of 35.7 billion USD, which is made up of 35.21 billion circulating tokens.

A look at the Altcoin market

Before the announcement by Trump, there were signs of an upcoming rally on the Altcoin market. The crypto dealer Crypto Rover noticed that the prices of Cardano and other old coins experienced an upward trend. He found that Ada could position itself for a rally in the chart, provided that the course remains above the EUR 0.50

The confirmation of Cardano by the US President finally led to a decisive thrust by overcaping important resistors and could establish itself over the important support of half a dollar.

FAZIT

The current developments around Cardano show how political announcements can have significant effects on the cryptocurrency market. It remains to be seen whether ADA can keep its recent upswing in the long term. Investors should remain vigilant in the coming time, especially with larger price movements by Ada.