Hold onto your hats, folks, because Cardano's ADA is stealing the spotlight among the big-shot altcoins today! After a brief chill-out period, ADA has skyrocketed back into action with a jaw-dropping double-digit leap, breaking past the $1 mark for the first time in over two years. Talk about making a comeback!
In a whirlwind ascent, ADA's market cap has ballooned to nearly $40 billion, snatching the eighth spot on the crypto leaderboard. The coin's climb has outpaced USDC's $38.8 billion, securing ADA's position in the crypto big leagues.
The excitement kicked off a couple of weeks ago when Cardano's mastermind, Charles Hoskinson, dropped a bombshell. He's planning to team up with the Trump administration in 2025 to carve out a fairer crypto policy in the US. This news sent ADA soaring by a whopping 30% in a single day, putting it close to the $0.6 mark.
Hoskinson kept the buzz alive with cryptic hints about something big on the horizon, and ADA kept climbing. Last weekend, it smashed through $0.72, sparking chatter about whether it could pull an “XRP” and leap over $1.
After hovering around $0.8 for a few days, ADA hit the accelerator again on Friday night, racing to $0.9. The bulls didn't hit the brakes, and ADA smashed through the $1 milestone, even reaching a 2.5-year high of $1.15 before settling at $1.08.
In the past month, ADA has skyrocketed over 200%, trailing only behind Dogecoin's 230% surge among the top 15 cryptocurrencies.
Now with $1 in the rearview mirror, crypto enthusiasts are buzzing with predictions about ADA's next big move. The most optimistic whispers suggest a tantalizing $10 target. Imagine that!
If ADA's supply holds steady, a $10 price tag would catapult its market cap to a jaw-dropping $400 billion, putting it in the same league as Ethereum. But getting there won't be a walk in the park. ADA will need to smash through some hefty resistance levels, including its all-time high of $3.09 from September 2021 and the $3.5 mark, as noted by crypto analyst Beastlorion.
So, what do you think? Could ADA reach for the stars and hit $10, or will it settle for a more modest peak? Let's hear your thoughts!
