Mirroring a previous CNF highlight when Charles Hoskinson’s U.S. policy plans sparked a 36% surge in ADA, boosting Cardano’s visibility. As of now, Cardano (ADA) is climbing 3.41% in the past day and 22.61% in the past week, reaching a price of $0.7358.
- Hoskinson’s leadership, alongside Cardano’s zkApp innovation and regulatory optimism, is positioning ADA for significant growth, with analysts predicting a price rise to $6 by 2025.
- With Hoskinson supporting clearer crypto regulations under the Trump administration, there is growing optimism for ADA and other U.S.-focused cryptocurrencies, reflected in their recent price surges.
Following a recent confirmation by Charles Hoskinson, as shared in a previous CNF update, a crypto advisor under former President Trump, he aims to address regulatory uncertainty and drive innovation through bipartisan policy efforts. Currently, Charles Hoskinson has applauded the Cardano ecosystem for its pioneering spirit and dedicated community.
In emphasizing this through a recent tweet on the X platform, he stated that Cardano’s focus on innovation and entrepreneurship, though challenging, has the potential to bring about global change.
When people ask why cardano, this is why. We have the best community and the best entrepreneurs. It’s a harder road, but it will change the world. I’m proud of them all, and with Voltaire, they will make the finest government ever assembled by humanity https://t.co/ArXrSJOFoi
— Charles Hoskinson (@IOHK_Charles) November 16, 2024
He also further described the upcoming Voltaire update as a groundbreaking step toward creating an unparalleled governance model. Meanwhile, Hoskinson’s recent visit to SpaceX has generated speculation about the potential for collaborations, given Elon Musk’s increasing political influence.
Trump Administration Sparks Hope for Crypto Growth
He acknowledged the anticipation of favorable policies for the recent surge in U.S.-focused cryptocurrencies, including ADA, XRP, and SOL, which have shown significant gains amid regulatory optimism.
Hoskinson has wisely pledged to support the Trump administration in crafting clearer crypto regulations, aiming to resolve longstanding industry challenges. Ripple’s CEO, Brad Garlinghouse, echoed this sentiment, stating that Trump’s positive stance on digital assets has energized the market.
Cardano’s zkApp Innovation Sets a New Benchmark
This development aims to simplify the creation of decentralized applications that bridge multiple blockchain ecosystems. Cardano’s Midnight sidechain has achieved a major breakthrough with the launch of its first-ever zero-knowledge application (zkApp), thanks to a partnership with Paima Studios.
The newly announced breakthrough has reinvigorated excitement around Cardano, with analysts projecting ADA’s price could climb to $6 by 2025, fueling hopes for a new all-time high.
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