Cardano

Donald Trump

Charles Hoskinson’s announcement is generating a lot of buzz, and investors clearly bought into the appeal with the 77% gain in Cardano’s ADA token over the past seven days. Not only did this dramatic movement in price perform well in comparison to major cryptocurrencies like Bitcoin, it also cemented ADA as a leading altcoin&nbsp; as day one on exchanges is often referred to&nbsp; in a largely bullish market. 
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ADA shot up 33% in the past 24 hours alone, surpassing $0.58 a price reached last seen in April. Saturday saw trading volume swell to $3.3 billion, compared to just $300 million on Friday. It was fueled, for better or worse, by renewed speculative interest from investors hoping to benefit from a growth of the token. 
<h2 id="strong-cardano-founder-hoskinson-highlights-proactive-regulatory-strategy-strong">Cardano Founder Hoskinson Highlights Proactive Regulatory Strategy</h2> 
<img loading="lazy" decoding="async" class="size-full wp-image-28596 aligncenter" src="https://www.turkishnyradio.com/wp-content/uploads/2024/11/DALL·E-2024-11-11-02.51.48-Wide-illustration-of-Charles-Hoskinson-founder-of-Cardano-in-a-formal-setting-emphasizing-a-proactive-regulatory-strategy.-He-stands-in-front-of-a-.webp" alt="Cardano’s ADA Soars 77% in a Week As Hoskinson Pushes U.S. Crypto Policy " width="1792" height="1024" title="Cardano’s ADA Soars 77% in a Week as Hoskinson Pushes U.S. Crypto Policy 57" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/11/DALL·E-2024-11-11-02.51.48-Wide-illustration-of-Charles-Hoskinson-founder-of-Cardano-in-a-formal-setting-emphasizing-a-proactive-regulatory-strategy.-He-stands-in-front-of-a-.webp 1792w, https://www.turkishnyradio.com/wp-content/uploads/2024/11/DALL·E-2024-11-11-02.51.48-Wide-illustration-of-Charles-Hoskinson-founder-of-Cardano-in-a-formal-setting-emphasizing-a-proactive-regulatory-strategy.-He-stands-in-front-of-a--768x439.webp 768w, https://www.turkishnyradio.com/wp-content/uploads/2024/11/DALL·E-2024-11-11-02.51.48-Wide-illustration-of-Charles-Hoskinson-founder-of-Cardano-in-a-formal-setting-emphasizing-a-proactive-regulatory-strategy.-He-stands-in-front-of-a--1536x878.webp 1536w" sizes="(max-width: 1792px) 100vw, 1792px"> 
Additionally, the bullish tone was echoed in ADA denominated futures. An impressive 858 million ADA, or over $500 million in market prices as of now, tracked total open interest of futures contracts. The rise of open interest shows that there is a lot of new money being washed into the market and higher conviction in higher risk of a move.&nbsp;&nbsp; 
Hoskinson’s recent announcement that Input Output, Cardano’s development company, was setting up a U.S.-based policy office has helped rally. The new initiative will work with policymakers affiliated with the Trump administration in order to develop a regulatory framework that promotes the blockchain and cryptocurrency industry.&nbsp;&nbsp; 
On a Friday podcast, <a href="https://x.com/IOHK_Charles/status/1855371758548959707" rel="nofollow" target="_blank">Hoskinson</a> stressed the need for proactive manipulation of the policymaking process, noting that I hope to be part of a regulatory process that’s thoughtful, that’s innovative. 
<blockquote>
 “I’m going to be spending quite a bit of time working with lawmakers in Washington DC to help foster and facilitate with other key leaders in the industry with the crypto policy,” Hoskinson said in his X podcast. “We have to do this.”
</blockquote> 
The announcement comes at a sensitive moment for the cryptocurrency field, as the US has ramped up its regulatory scrutiny of the sector. Cardano is positioning itself as a leader in policy advocacy to push ahead in the ever changing digital asset industry.&nbsp;&nbsp; 
<h2 id="strong-cardano-rides-a-wave-of-broader-cryptocurrency-market-optimism-strong">Cardano Rides a Wave of Broader Cryptocurrency Market Optimism</h2> 
<img loading="lazy" decoding="async" class="alignnone size-full wp-image-28590" src="https://www.turkishnyradio.com/wp-content/uploads/2024/11/a-title-image-for-a-news-article-about-cardano-coi-POuMWhyfScOksYrTaS-wsA-V-nws9YtTGK1ZFS1Dsw30w.jpeg" alt="Cardano’s ADA Soars 77% in a Week As Hoskinson Pushes U.S. Crypto Policy " width="1312" height="736" title="Cardano’s ADA Soars 77% in a Week as Hoskinson Pushes U.S. Crypto Policy 58" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/11/a-title-image-for-a-news-article-about-cardano-coi-POuMWhyfScOksYrTaS-wsA-V-nws9YtTGK1ZFS1Dsw30w.jpeg 1312w, https://www.turkishnyradio.com/wp-content/uploads/2024/11/a-title-image-for-a-news-article-about-cardano-coi-POuMWhyfScOksYrTaS-wsA-V-nws9YtTGK1ZFS1Dsw30w-768x431.jpeg 768w" sizes="(max-width: 1312px) 100vw, 1312px"> 
The optimism that supports ADA’s performance is a broader wave of optimism within the cryptocurrency markets this week. Two key events have contributed to the bullish sentiment: and a fresh round of interest rate cuts from the Federal Reserve on Thursday, following the election of Republican Donald Trump as U.S. president.&nbsp; 
The first was a hand of a favorable macroeconomic backdrop to risk assets which only served to top up crypto prices. But ADA’s outperformance was exceptional, analysts say, thanks to the specific impact of Hoskinson’s policy related announcements.&nbsp; 
The fact that Cardano has set up a policy office in the US is a big step for the project and sends a clear message that they wish to be part of discussions regarding the regulatory discourse at a critical moment for the industry. This could open the door for new constructive crypto regulations as the Trump administration is expected to take a business friendly approach.&nbsp;&nbsp; 
It also underscores the highly speculative nature of ADA’s market activity, however. The announcement has certainly whipped up enthusiasm around the policy office, but the token remains exposed to market corrections if economic conditions or policy trends turn out differently than investor expectations.&nbsp;&nbsp; 
<h2 id="strong-conclusion-strong">Conclusion</h2> 
It’s the illustration of the striking combination of macroeconomics, sentiment, and some strategic announcements in the crypto world that helped ADA rise by such statures in the past week. Now that the U.S. policy ambitions of Cardano are being taken into consideration, the cryptocurrency is apt to take a leading role in shaping the future of blockchain regulation, which might create space for healthy growth in the future. 
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Cardano’s ADA Soars 77% in a Week as Hoskinson Pushes U.S. Crypto Policy

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