The cryptocurrency market is experiencing a bullish trend following Donald Trump's election victory, with Bitcoin reaching a new all-time high of $99,655. Cardano's ADA has surged 250% to a multi-year high of $1.15. After a brief correction, ADA gained more than 10% in the last 24 hours, primarily due to the launch of zero-knowledge (ZK) smart contracts on Cardano's mainnet. The first transaction, using Halo 2 zk-SNARK technology, involved locking and unlocking funds efficiently. Furthermore, Cardano founder Charles Hoskinson has proposed integrating Bitcoin into Cardano's DeFi ecosystem, enhancing user interaction and adequacy of ADA tokens. Over November, ADA has outperformed Bitcoin, with a 200% rally compared to Bitcoin's 39%. The Total Value Locked (TVL) in Cardano's DeFi protocols rose over 200% in three weeks. ADA's price has formed a bullish ascending channel pattern, indicating potential further gains, aided by a bullish cross formed in moving averages. As long as the price remains above key support levels, bullish momentum may continue.

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