Cardano's ADA has surged to its highest price since May 2022, reaching 90 cents, with a significant 10% increase in the last 24 hours. This price surge comes amid a larger rally in the cryptocurrency market, driven by increasing interest from institutional investors and whales. ADA's market capitalization has increased to $30.85 billion, making it the tenth-largest digital asset globally, with a 22% rise this week and a staggering 152% gain this month. The accumulation by whales, which now hold over $12 billion in ADA, indicates strong backing for this rally, as evidenced by a 300% spike in large transaction volumes over the past two weeks. Tagus Capital highlights this momentum as sentiment-driven, especially following hints from Cardano's founder, Charles Hoskinson, about potential collaborations with the Trump administration for favorable crypto policies. This suggests that the rally could have lasting power as market dynamics evolve.

Source 🔗