As a seasoned analyst with over two decades of experience in the ever-evolving world of cryptocurrencies, I’ve seen my fair share of bull runs and bear markets. However, the recent surge of Cardano’s ADA is nothing short of extraordinary. Reaching levels not seen since March, with a weekly gain nearly touching the triple digits, it’s hard not to be impressed.
In the last 24 hours, Cardano‘s ADA has surged more than 21%, hitting a price point of $0.75, which hasn’t been reached since March. This impressive rise has brought its weekly gains close to 70%. As a result, the market capitalization of ADA now stands at over $26.5 billion, backed by a massive 24-hour trading volume of almost $5.8 billion.
It appears that the driving force behind this increase is likely due to some mysterious comments made recently by Charles Hoskinson. In a video published on X, Cardano’s creator revealed that he had a meeting with Elon Musk’s team at SpaceX.
Despite being bound by a Non-Disclosure Agreement, Hoskinson hinted at substantial advancements, which have ignited enthusiasm within the Cardano community.
Following a comparable surge last week, when Hoskinson hinted at working with the Trump administration for pro-crypto policies, there remains excitement about potential growth within the Cardano community, keeping it in the spotlight.
Charles Hoskinson boosted enthusiasm within the community by praising Cardano’s network of businesspeople and programmers, describing it as “the top-notch community.” This mix of anticipation and trust in the venture seems to be driving the growth of ADA, as investors impatiently look forward to more updates.
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2024-11-16 13:56