Cardano (ADA) has been in the spotlight recently due to significant events in the cryptocurrency market. In November 2024, following the US presidential election, the crypto market experienced a massive inflow of capital, following the price increase of Bitcoin and other altcoins. Despite this, ADA's performance was more modest compared to other tokens such as Solana and XRP, with an increase of around 3% at the beginning of the month and projections of an appreciation
This optimism is supported by advances in Cardano's technology, such as the implementation of updates related to decentralized governance in the "Voltaire" phase. These improvements increase credibility and trust in the platform, enabling greater adoption in decentralized applications (DeFi, NFTs, among others) and contributing to positive long-term expectations.
Despite a promising scenario, the crypto market remains volatile, being influenced by external factors such as regulations and Bitcoin movements. Investors are advised to closely monitor trends and adopt diversified strategies to mitigate risks.