Cardano’s native cryptocurrency, ADA, has surged by more than 20% and exceeded $0.75 this week, with its value reaching the highest level since March. This increase has come amid a somewhat painful correction in the cryptocurrency market, with most assets now back in the green. The surge in ADA’s value has raised questions about potential reasons behind it, with many speculating that it could be due to IOG’s founder, Charles Hoskinson, hinting at a collaboration with Elon Musk’s SpaceX.
Hoskinson recently praised the SpaceX team and mentioned that both parties discussed “some things” but are bound by a non-disclosure agreement (NDA). He promised to share more details in the future, but hasn’t provided any specifics yet. The announcement of this collaboration could have boosted ADA’s value, as seen last weekend when the asset surged after Hoskinson announced a collaboration with the Trump administration to release a more comprehensive and friendlier crypto policy in the United States.
In a separate post, Hoskinson praised Cardano’s community after reposting a success story by TapTool’s creator. He highlighted Cardano’s growing ecosystem, emphasizing that it has “the best community and the best entrepreneurs.”
Overall, Cardano has been making significant strides in the cryptocurrency world, with its native token ADA experiencing a surge in value and its community receiving praise from the founder.
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<p>The post Cardano’s ADA Token Rockets 20%, Driven by Elon Musk Rumors and CEO Hoskinson’s Praise for its Community first appeared on CoinBuzzFeed.</p>
