After months of quiet, Cardano is making waves. Its price has surged past $0.8, hitting levels not seen in 8 months. This rise is fueled by increased whale activity, a surge in trading volume, and Donald Trump’s proposed elimination of capital gains taxes for U.S.-based crypto companies, which could benefit Cardano.
Cardano’s ecosystem is also thriving with innovations like Mithril and Hydra enhancing scalability and speed. Over 2,000 projects are now part of the ecosystem, and wallet adoption has surpassed 1 million. Founder Charles Hoskinson is reportedly engaging in discussions on regulatory changes and potential partnerships with Ripple, adding to the optimism.
Can Cardano reach $1? The momentum is strong, and the crypto world is watching closely!
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