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Cardano's $ADA has seen a 40% pump as the market sees bullish sentiment and Charles Hoskinson says he'll be looking to work with the govt.
Author: Sahil Thakur
Cardano’s $ADA has seen a 40% pump in the last 36 hours as the market sees bullish sentiment all over. Amidst all this, Cardano founder Charles Hoskinson has put out a video claiming he aims to work with the new Republican government on crypto policies in 2025.
The statement has been met with a mixed bag of reactions with the Cardano community seemingly happy but some Bitcoin fans accusing Hoskinson of being hypocritical after his statements on Bitcoin in the past.
$ADA has seen a seemingly “negative” price action when it comes to its performance since the last bull run, with claims over the project being “too slow”.
Whether this new pump and the Trump administration pushes $ADA to a new all time high remains to be seen.
“In the short term, 100k will be the next major level of interest because of the symbolic nature of the number and the digit change,” Presto Research investment analyst Min Jung said in a note to CoinDesk.”Looking beyond that, we believe the U.S. could eventually add Bitcoin to its balance sheet—maybe as part of a ‘strategic Bitcoin reserve’ or something similar, but likely under a more low-key name.
“With this in mind, our target is around the 110k range,” Jung added, referring to Trump’s campaign promise he would hoard bitcoin in the national treasury.
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