Monday , April 14 2025
Home / Blockchain / Cardano (ADA) Surpasses Dogecoin After 55% Surge

Cardano (ADA) Surpasses Dogecoin After 55% Surge

Summary:
TL;DR Cardano’s native token is riding the Trump-induced wave like no other, with a massive price surge that pushed it from %excerpt%.65 to almost within minutes. This helped it become the eighth-largest cryptocurrency by market cap, surpassing the OG meme coin. ADAUSD. Source: TradingViewCardano’s native token took the recent market-wide crash worse than many tokens, as its price dumped from over %excerpt%.82 to under %excerpt%.6, which meant a 30% decline within a week or so. It defended the %excerpt%.6 support and jumped to %excerpt%.65 during the weekend as the entire market saw a relief rally. However, the landscape changed about an hour ago when US President Trump confirmed the much-anticipated news about a crypto reserve in the States. Moreover, he named three cryptocurrencies that will be

Topics:
Jordan Lyanchev considers the following as important: , , ,

This could be interesting, too:

Bitcoin Schweiz News writes GameStop nimmt Bitcoin in Firmenreserven auf

Chayanika Deka writes XRP, SOL, and ADA Inclusion in US Crypto Reserve Pushes Traders on Edge

Dimitar Dzhondzhorov writes Trump-Related Meme Coins in Freefall as Crypto Market Takes a Hit

Dimitar Dzhondzhorov writes Is the Ripple v. SEC Lawsuit Over? This Former White House Official Thinks so

TL;DR

  • Cardano’s native token is riding the Trump-induced wave like no other, with a massive price surge that pushed it from $0.65 to almost $1 within minutes.
  • This helped it become the eighth-largest cryptocurrency by market cap, surpassing the OG meme coin.
ADAUSD. Source: TradingView
ADAUSD. Source: TradingView

Cardano’s native token took the recent market-wide crash worse than many tokens, as its price dumped from over $0.82 to under $0.6, which meant a 30% decline within a week or so.

It defended the $0.6 support and jumped to $0.65 during the weekend as the entire market saw a relief rally.

However, the landscape changed about an hour ago when US President Trump confirmed the much-anticipated news about a crypto reserve in the States. Moreover, he named three cryptocurrencies that will be included in it – XRP, SOL, and ADA.

Perhaps this comes as no surprise, given that all the entities behind the tokens are based in the US. SOL and XRP shot up impressively by about 15-20% each, but ADA stole the show with a massive 55% surge that pushed it to just inches away from the coveted $1 level.

This became its highest price level in over a month, as it spent the entire February below that line. Additionally, it helped ADA rise in the top 10 rankings, as the asset is now the eighth-largest, with a market cap of over $35 billion.

Cardano’s token surpassed the largest and oldest meme coin – Dogecoin, whose market cap remains below $32.5 billion.

Leave a Reply

Your email address will not be published. Required fields are marked *