Cardano (ADA) has marked an impressive recovery this November, reclaiming much of its lost value following a tough year. After a difficult 2024 that saw ADA decline by over 40% through October, recent developments and market conditions have catalyzed a resurgence.
Adding to the momentum are key rumors surrounding Cardano founder Charles Hoskinson and his possible role in a new U.S. administration, which have further spurred interest in the cryptocurrency.
Currently trading near $0.6214, Cardano’s outlook appears optimistic. In fact, AI-driven projections suggest potential gains of over 100% by March 2025.
The Trump-Hoskinson rumor: Could it drive Cardano’s price higher?
Recently, rumors have swirled about Hoskinson’s potential involvement with a new Trump administration, fueling speculation around Cardano’s future in the crypto policy landscape.
During a recent YouTube livestream, Hoskinson revealed that Input Output Global (IOG) is preparing to launch a dedicated policy division by January 2025.
Specifically, with 37,892 unique addresses making transfers in a single day and 697 transactions valued at over $100,000, ADA is experiencing its highest activity levels since September.
This rise in both retail and large-scale investor interest, along with a technical breakout above the $0.43 mark, signals strong upward momentum.
This boost indeed aligns with the broader market rally, suggesting that ADA’s resurgence is part of renewed confidence across the crypto space.
AI forecasts Cardano’s potential surge: Could ADA hit $1?
Given the combination of favorable market conditions, strategic positioning, and growing institutional interest, Finbold consulted ChatGPT-4o to assess Cardano’s potential for growth.
According to AI models, Cardano could potentially double its value to $1 by March 2025 if whale activity remains strong and positive regulatory developments continue to bolster its upward trend.
If the broader market remains favorable and Cardano’s policy initiatives succeed, ADA may solidify its position in the crypto landscape, potentially reaching new heights as a leading DeFi player within Bitcoin’s ecosystem.
It’s essential to note, however, that cryptocurrency markets are highly volatile, and actual prices may differ from predictions.
Thus, investors should conduct thorough research and consider multiple factors when evaluating potential investments.
Featured image via Shutterstock
Read the full article here
