ADA has increased by 33% following rumors that Charles Hoskinson, CEO of Cardano, will become a Crypto advisor to Donald Trump in 2025. This news appeared on a website called BlockNews but has not been confirmed by major sources.

In a livestream on November 9th, Hoskinson stated that he is working with lawmakers to propose legislation on Crypto, and hopes to have a role in a Trump administration if he is re-elected. This rumor has driven the price of ADA to rise sharply, currently reaching 0.58 USD, with a 24-hour trading volume of nearly 3 billion USD.

In this context, Bitcoin is also hitting new highs, nearing 80,000 USD. Analysts believe that the market still has room for stronger growth.