Cardano (ADA) has surged over 100% in a post-election rally.
ADA climbed above $0.65 for the first time since April.
Mainstream adoption rumors sparked Cardano’s exceptional rally.
Cardano (ADA) has soared over 100% in the wake of a post-election rally, emerging as one of the best-performing cryptocurrencies in the current bull market. The rally began with a breakout from a symmetrical triangle on the daily chart, propelling ADA from a $0.326 low to a $0.659 high in less than a week.
Market enthusiasm has grown on speculation about the Trump administration potentially adopting Cardano’s blockchain solutions. A cryptocurrency analyst recently analyzed these developments, citing both chart signals and actions by Cardano founder Charles Hoskinson. The analyst pointed out bullish indicators that suggest the rally could extend further.
Hoskinson has not hesitated to express his bullish sentiment about his project since the election period. On Thursday, the Cardano founder shared a photo of himself standing on the SpaceX premises with the caption, “It was a good day.” Hoskinson’s post boosted the already-heightened speculation about Cardano’s role…
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