There's a lot of buzz right now around the idea that Cardano (ADA) might be used in a U.S. blockchain voting system, and it’s got people wondering how high Cardano's price could go if this speculation turns into reality. Here’s a breakdown of what’s driving this excitement and what it could mean for ADA's price.
Highlights:
Massive Potential Gains: Cardano could see gains as high as 540% if this speculation about U.S. election adoption pans out.
Crypto Policy Focus: Charles Hoskinson, Cardano’s founder, confirmed his commitment to shaping U.S. crypto policy in Washington, D.C., in 2025.
Blockchain Voting: If Cardano collaborates with Hedera to secure the U.S. voting system, it could be huge for Cardano’s credibility and demand.
Why ADA Could Rally
With the idea of blockchain-based voting gaining traction, Cardano has emerged as a potential candidate. Although no official statements have been made by Cardano or Hedera, the rumors have given ADA holders a reason to be optimistic. Cardano’s focus on security and scalability makes it a strong option for a secure voting system, and this could drive a major surge in ADA’s value.
ADA’s Price Action So Far
Cardano has already seen a 40% gain over the past week and is forming a “bullish continuation pattern,” which traders view as a signal for further upward movement. Currently trading around $0.58, the next few days could reveal if Cardano will continue this trend.
How High Could ADA Go?
If Cardano actually participates in a blockchain voting system for the U.S., technical analysis suggests ADA’s price could climb to around $3.10 – a potential 6X increase from today’s price. Based on Fibonacci retracement levels, key resistance points might show up at $1.87, $3.00, and $3.81. However, if sellers take control and push ADA below $0.30, the bullish outlook could be invalidated.
Final Thoughts
While this is all speculation right now, it’s clear that a U.S. voting adoption could be a major win for Cardano, boosting its utility and investor interest. And with Charles Hoskinson’s plans to focus on crypto policy in D.C., the coming years could be pivotal for ADA.
