Cardano Price Prediction: ADA Surges 30% After Trump’s Crypto Announcement

The crypto market has been struggling over the past few days, with most cryptocurrencies losing over 20% of their value. However, Cardano (ADA) is defying the trend, skyrocketing by more than 30% in a single day. ADA jumped from $0.60 to over $0.80, fueled by a surprising announcement from Donald Trump. The former U.S. president revealed plans for a Crypto Strategic Reserve, which includes Cardano among a select few cryptocurrencies. This has sparked renewed interest in ADA, leaving investors wondering: Is this the start of a bigger rally?

Crypto Market Crash & Recovery

The crypto market recently suffered a severe decline, with Bitcoin, Ethereum, and most altcoins seeing double-digit losses. The overall market lost more than 20% in value, causing widespread panic among traders. However, Trump’s unexpected endorsement of certain cryptocurrencies has triggered a market rebound, with ADA leading the charge. This could be a sign that the market is stabilizing, paving the way for a potential recovery.

Cardano Price Analysis as Trump announces Crypto Reserve

Despite the overall bearish sentiment in the market, ADA has shown impressive strength. After dropping to $0.60, the price suddenly surged over 30%, crossing the $0.80 mark. The key driver behind this pump was Trump’s announcement, which highlighted Cardano as part of a Crypto Strategic Reserve. This unexpected move has increased confidence in ADA, as traders speculate on its long-term role in the crypto space. If this momentum continues, ADA could establish new higher support levels and set the stage for further gains.

ADA/USDT 1-day chart - Bitget platform via TradingView

Cardano Price Prediction: How High will Cardano Price Reach?

Looking ahead, ADA has strong potential for further price increases. In the medium term, the price is likely to recover to at least $1, especially if market sentiment improves. However, the real breakout could happen if Bitcoin regains strength and reaches $100,000. In such a scenario, Cardano could see a massive uptrend, potentially hitting $2 or more by the end of the year. For now, ADA remains one of the top cryptocurrencies to watch, as political developments continue to impact the market.