Cardano Soars Over 75% Following Trump’s Crypto Strategic Reserve Proposal

Cardano (ADA) has experienced a remarkable surge of over 75% following U.S. President Donald Trump’s announcement regarding a proposed crypto strategic reserve plan. The token's price rose from $0.6461 to a peak at $1.20, subsequently stabilizing around $1.00. The surge has been supported by a staggering 1,450% increase in trading volume, now averaging $9.7 billion, and pushing its market capitalization to $36 billion. Market analysts indicate that if Cardano maintains its position above $1.00, it could target the next resistance level of $1.20 and potentially reach $1.50. The market overall also saw a positive influx of $300 billion in capital appreciation. Additionally, the anticipation surrounding the potential approval of Grayscale's Cardano ETF could further enhance Cardano's accessibility to traditional investors and stimulate long-term growth.