Cardano's ADA Tokens Surge 33% as Founder Plans to Shape U.S. Crypto Policy Under Trump Administration
Cardano's ADA tokens have experienced a surge of 33% in the past 24 hours, surpassing bitcoin and other major cryptocurrencies. This is due to the announcement by founder Charles Hoskinson that he plans to help shape U.S. crypto policy under the Trump administration. The rise in ADA has resulted in a 7-day gain of over 77%, with trading volumes surging to $3.3 billion on Saturday. Additionally, open interest on futures tracking the token has jumped to 858 million ADA, indicating new money flowing into the asset.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ex-Goldman Sachs Exec Shares Positive Outlook on XRP Amid Legal Challenges
Cardano Hits $1 for the First Time in Two Years, Signaling Strong Market Momentum
XRP Soars as Ripple CEO Applauds Trump’s Treasury Secretary Nominee
Trump and Wall Street: How long will the love affair last?
Share link:In this post: Wall Street loved Trump’s win at first—stocks jumped, Bitcoin soared, and borrowing costs hit rock bottom, but some sectors started cracking fast. Tax cuts and deregulation made financial and energy stocks shoot up, but tariffs and plans to deport workers freaked out economists and markets. Tariffs mean higher prices for Americans, and even Walmart’s warning it’ll have to raise prices if Trump pushes through with his trade war.
Trending news
MoreCrypto prices
More
