The post AI predicts Cardano price for 2025 amid Hoskinson-Trump rumors appeared on BitcoinEthereumNews.com.

Cardano (ADA) has marked an impressive recovery this November, reclaiming much of its lost value following a tough year. After a difficult 2024 that saw ADA decline by over 40% through October, recent developments and market conditions have catalyzed a resurgence.  Adding to the momentum are key rumors surrounding Cardano founder Charles Hoskinson and his possible role in a new U.S. administration, which have further spurred interest in the cryptocurrency. Currently trading near $0.6214, Cardano’s outlook appears optimistic. In fact, AI-driven projections suggest potential gains of over 100% by March 2025.  ADA seven-day price chart. Source: Finbold The Trump-Hoskinson rumor: Could it drive Cardano’s price higher? Recently, rumors have swirled about Hoskinson’s potential involvement with a new Trump administration, fueling speculation around Cardano’s future in the crypto policy landscape. During a recent YouTube livestream, Hoskinson revealed that Input Output Global (IOG) is preparing to launch a dedicated policy division by January 2025. The office will engage with policymakers to promote pro-crypto legislation, particularly focusing on bipartisan initiatives such as the Financial Innovation and Technology for the 21st Century Act (FIT21) and the Responsible Financial Innovation Act (RFIA). Hoskinson envisions these efforts will clarify regulatory boundaries, especially regarding security and commodity classifications, and support the growth of the decentralized finance (DeFi) sector without regulatory hindrance. Key factors driving Cardano’s price recovery Another crucial factor behind Cardano’s resurgence is Bitcoin’s recent record-breaking performance, which has created a favorable environment for altcoins like Cardano.  This Bitcoin rally has spurred renewed interest across the cryptocurrency market, allowing Cardano to gain traction. According to data from Santiment, Cardano’s rise is due to a combination of increased network activity and notable whale transactions.  Cardano Whales, Transaction, and Active Addresses. Source: Santiment Specifically, with 37,892 unique addresses making transfers in a single day and 697 transactions valued…

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Filed under: News - @ November 10, 2024 6:20 pm