Can Cardano reach $ 10? It sends the Trump TV reserve ADA to an increase of 64 % – Tradingview News

Ada Token from Cardano increased to 64 % today (Monday), supported by announcing the game change from President Donald Trump. The United States government will create a strategic coding reserve, including ADA alongside XRP, Solana (Sol), Bitcoin (BTC) and Ethereum (ETH).

This unexpected transformation of politics led to a wave of investor enthusiasm, and the last ADA DOGECOIN (DOGE) pushed to become the eighth cryptocurrency with the marketing of the market more than.

At the time of publication, Altcoin was traded at one dollar, which represents an increase of 53 % and 37 % a day and last week, respectively. Support is a recovery in the market after February when Trump’s advertisement provided a new growth incentive.

Adausd, Source: Tradingview

His statement, which was published on the social truth, is framed for the encryption reserve as a counter -procedure against what he called “the spoiled attacks by the Biden Administration.”

“The American encryption reserve will raise this critical industry after years of corrupt attacks conducted by the Biden administration, which is why my executive request for digital assets has directed the presidential work group to move forward in a strategic coding reserve that includes XRP, Sol and Ada,” Trump wrote. “I will make sure that the United States is the world of encryption in the world. We are making America great again!”

Trump, encrypted reserves, spark the market, frenzy

Trump assured investors that the reserve will enhance the American position in the global digital asset industry. This step was caught on the market, as previous discussions on the government -controlled encryption were limited to storing bitcoin instead of active reserves.

While the entire encryption market reaction was positively, Cardano emerged as the largest winner. The price of the distinctive symbol increased from $ 0.64 to $ 1.13, which represents its highest point in more than a month. The ADA price was ever achieved in 2021 when Altcoin rose to $ 2.9.

Before the assembly, ADA has suffered from significant losses, violation of its highest levels and low decreases. However, Trump’s announcement is the opposite of his fortunes, which prompted it to Dogecoin in the CAP categories in the market.

Institutional interest adds to momentum ascending

The big investors, who are often called “whales”, quickly responded to Trump. Blockchain analyst Ali Martinez stated that whales bought more than 270 million XRP and about 200 million ADA in just 24 hours.

This capital flow indicates strong institutional confidence in the assets chosen by the United States Reserve. However, it also warns of fluctuations in the short term, as the ADA (RSI) is seen in the event of his arrest, but is currently 64 years old.

Historically, these conditions led to a short withdrawal before resuming the upward trend. The market concentration is now moving to the Trump summit in the next White House. If the Trump administration continues to adopt digital assets, ADA and other cryptocurrencies may witness continuous growth and may reach $ 10.