3 reasons why Cardano (ADA) price could be on the path to new highs
The post 3 reasons why Cardano (ADA) price could be on the path to new highs appeared on BitcoinEthereumNews.com.
Cardano (ADA) gained 8% between March 23 and March 25, once again testing the $0.76 resistance level, which has held for over two weeks. Although still far from its March 3 high of $1.18, traders remain optimistic about further gains. Their confidence is driven by the ongoing efforts of founder and CEO Charles Hoskinson to highlight the network’s advantages and ADA’s potential to industry leaders, particularly within traditional finance markets. The ADA price surge on March 3 was triggered by US President Donald Trump, who explicitly mentioned Ether (ETH), XRP (XRP), and Cardano on his official social media accounts as leading candidates for the US Digital Asset reserves. However, the Digital Asset Stockpile executive order signed by Trump on March 7 did not include plans to purchase any altcoins, despite his earlier claims. Trump Jr. and Charles Hoskinson will attend DC Blockchain Summit 2025 A fresh wave of bullish speculation for ADA emerged after Donald Trump Jr. was announced as a speaker at the DC Blockchain Summit 2025, a panel moderated by Cardano founder Charles Hoskinson. The two-day event in Washington, D.C., will feature several prominent speakers, including Wyoming Governor Mark Gordon, Majority Whip Tom Emmer, Senator Ted Cruz, Senator Cynthia Lummis, and Bo Hines, Executive Director of the Presidential Council of Advisers for Digital Assets. DC Blockchain Summit 2025 agenda. Source: dcblockchainsummit Trump Jr. is scheduled to speak on March 26 alongside three co-founders of World Liberty Financial, a crypto venture backed by US President Donald Trump. Launched in September 2024, the company has conducted two public token sales, raising a total of $550 million. More recently, on March 24, the project introduced a dollar-pegged stablecoin on Ethereum and BNB Chain, though it is not yet tradable. A significant portion of ADA’s recent gains is likely driven by speculation…
Filed under: News - @ March 26, 2025 2:25 pm