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Cardano (ADA) has experienced an impressive 130% jump in less than two weeks, but why is this happening? Let’s dive in!
Here’s what we got for you today:
📈 Cardano's 130% surge!
🧱 Around The Block: Ethereum bulls pull $780 Million ETH off Exchanges, eyeing a $3,600 breakout.
📈 Cardano's 130% Surge!
Cardano (ADA) has been making waves in the crypto world, soaring to 130% in less than two weeks!
But what’s behind this sudden surge?
Recently, Charles Hoskinson, the founder of Cardano, emphasized the incredible role of the Cardano community in shaping the network’s future.
He praised its members as the "best entrepreneurs" after a developer shared their story about selling everything, even their home, to work on Cardano.
This level of devotion truly highlights the passion that fuels the community.
But that’s not the only factor at play—let’s talk about the groundbreaking Voltaire upgrade!
This upgrade is part of the final phase of Cardano’s roadmap. It enables users to participate directly in the governance process, such as voting on decisions that guide Cardano’s future development.
With the introduction of a new voting and treasury systems, Cardano aims to enhance decentralization and give its community a real voice in guiding its development.
This sense of ownership is clearly rekindling confidence in Cardano’s future!
Oh, and let's not forget that the rumors about Hoskinson’s potential involvement with the new Trump administration as a crypto policy advisor might be a contributing factor.
While that is speculative, Hoskinson has announced plans to establish a policy office in Washington, D.C., during a recent YouTube livestream.
The office will engage with policymakers to promote pro-crypto legislation, particularly focusing on bipartisan initiatives such as the Financial Innovation and Technology for the 21st Century Act (FIT21) and the Responsible Financial Innovation Act (RFIA).
This has undoubtedly fueled speculation about Cardano’s future in the crypto policy landscape.
Click here to explore more insights and discover what might lie ahead for Cardano’s price.
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🔎 Market Insight
If you've been in the crypto space for a while, you know that there comes a phase during a bull market when almost everything experiences dramatic gains.
I'm referring to the period when assets can appreciate anywhere from 10 to 100 times overnight.
During this phase, many people feel like a genius, and their risk appetite often expands.
We call this phase "Alt Season."
Early indicators suggest that we may have just entered this phase.
Take a look at the chart below. (It tracks the total market cap of the altcoin market, excluding Bitcoin and Ethereum.)
It has recently broken out of a multi-year cup-and-handle formation, and this breakout occurred with significant volume.
It's up only from here now (with occasional drawbacks).
The potential growth could reach the same magnitude as the depth of the cup.
Altcoins could grow as much as 70% from here, taking the total market cap of all Altcoins to as high as $1.33T.
🧱 Around The Block
Ethereum bulls pull $780 Million ETH off Exchanges, eyeing a $3,600 breakout.
Last chance to buy Ethereum? Analyst expects $6,000 once it breaks 8-Month accumulation.
SEC Gensler reported to step down after Thanksgiving.
Spot Ethereum ETFs see $515 Million record weekly inflows – Details.
BONK market cap flips WIF ahead of 1 Trillion token burn by Christmas.
Bank clients just dipped their toes into Bitcoin ETFs, but Q4 could see a FOMO spike.
Bitcoin is still not overvalued, could hit $100K amid strong demand: CryptoQuant.
That's all we've got for you today.
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions.
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