30s Summary

Cardano’s ADA cryptocurrency has reached its highest value since May 2022 with an increase of over 10%. In a week, the price has grown 22% and the monthly gains exceed 150%. The surge in price is being driven by large investors, or ‘whales’, holding over $12 billion in ADA. Large ADA transactions have increased by 300% in two weeks, suggesting increased interest from institutional investors. Furthermore, Cardano’s founder has hinted at potential collaborations with the Trump administration for crypto-friendly policies.

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Cardano’s ADA crypto has hit its highest level since May 2022. Big-time investors are enjoying the price surge. Bitcoin’s value is edging closer to $100,000 for the first time in its history, and as it does, other cryptocurrencies are also seeing a boost. One cryptocurrency seeing a big rise is Cardano’s ADA or just ada. Over the last 24 hours, the value of ada has increased by 10% bringing its value to 90 cents. This is the highest the cryptocurrency has held since May 2022.

The price has jumped a whopping 22% in just a week, and the gains for the month are over 150%. As a result, ADA’s overall market worth has increased to $30.85 billion, making it the world’s 10th largest digital asset. Comparatively, the broader crypto market has increased by 14% this week and 58% this month.

The large accumulation of ADA by “whales,” or large investors who hold more than $10 million in the token, is driving the price surge. Whales reportedly hold over $12 billion in ADA, hinting that the current rally could be here to stay.

In fact, whale and institutional activity have reset off alarms as large ADA transactions have gone up by as much as 300% in just two weeks. This, according to Tagus Capital, shows “heightened interest from institutional investors.” At the same time, there is also the sentiment-driven momentum, with Cardano’s founder, Charles Hoskinson, hinting at potential collaborations with the Trump administration for crypto-friendly policies.

In any case, the rise in Cardano signals a buzz in the broader crypto market and suggests that alternative cryptocurrencies may likely benefit as Bitcoin continues its lead charge toward $100,000.