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Cardano’s native token has emerged as one of the top performers today, surging to $1.3 to mark a multi-year peak.ADA stood at around $0.32 on November 5, the day of the US elections, and was relatively sluggish at first, even as the rest of the market was charting impressive gains following Trump’s decisive victory.he will spend a lot of time in 2025 working alongside the Trump administration to establish a more favorable and comprehensive crypto policy in the States.
Its rally was stalled for a few days but the bulls are back in charge now as they pushed ADA to just over $1.3 earlier today, which meant a 20% surge at one point. This became the asset’s highest price point since mid-January 2022. Consequently, ADA has overtaken USDC and is now the eighth-largest cryptocurrency by market cap, as the metric stands above $45 billion.indicated that the asset could rise up to $1.5 next, which sounds achievable even for the short-term, given the recent price developments in the market.
Popular analyst Ali also outlined the same target following ADA’s price surge above $1.25, which invalidated a previous forecast for a 20% correction.While $1.5 seems very plausible at the moment, others made some big claims that ADA could peak at $6 during this cycle. AllInCrypto’s analystthis prediction on ADA’s behavior during the 2017 and 2021 bull runs. It’s worth noting that such a price tag would put Cardano’s market capitalization at over $210 billion.
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