Big News for Cardano! 🚀 ADA's price has skyrocketed over 100% in just one week, reaching its highest level since March 2024, after founder Charles Hoskinson announced his involvement in shaping US cryptocurrency policy under the Donald Trump administration .
Hoskinson's Role in Trump Administration:
Hoskinson, a renowned figure in the crypto space, plans to become an active policy advisor on cryptocurrencies when Trump takes office in 2025. He revealed his intentions in a video, stating, "A lot of my time in 2025 will also be spent on the political process" .
Cardano's Technological Advancements:
Meanwhile, Cardano is making significant strides in technology. Hoskinson unveiled a new strategy for Cardano, positioning it as a second-layer platform for Bitcoin, leveraging Bitcoin's security and liquidity while enabling faster transactions ¹. Additionally, Cardano's "Midnight" blockchain, set to launch next year, will offer enhanced privacy and selective disclosure features, reinforced by stake pool operators .
Market Reaction:
The market has responded enthusiastically, with ADA's price surging to $0.66 before settling at $0.58. This development has sparked optimism among investors, with many eyeing Cardano's potential for further growth .
However, not everyone is convinced. Shytoshi Kusama, lead developer of Shiba Inu, has publicly questioned Hoskinson's claims, suggesting he may be overstating his influence .
Stay tuned for more updates on Cardano's exciting journey! 🚀