Cardano

Donald Trump

DeFi

Bitcoin

President Donald Trump

<h4>Legacy coins keep marching on. They’re taking full advantage of Bitcoin breaking the recent historical $100k barrier.&nbsp;We also see DeFi coming on strong. DeFi protocols are gaining some serious traction. I will get back to DeFi in a moment. In my recent video, I already discussed some of these legacy coins. Check <a href="https://youtu.be/SGkdzOIauAc?si=8pZzN_CRMgJWXwPc&amp;t=265" target="_blank" rel="noopener">this link</a>.&nbsp;</h4> 
However, today, I want to look at two legacy coins that performed above expectations. 
<h5>Cardano ($ADA)</h5> 
<a href="https://www.altcoinbuzz.io/?s=cardano" target="_blank" rel="noopener">Cardano</a> was for long periods of time a laughingstock for part of the crypto community. As these pictures on X show. 
The obvious question right now is, who’s laughing now? <a href="https://www.coingecko.com/en/coins/cardano" target="_blank" rel="noopener">$ADA</a> is up by a whopping 235% over the last 30 days. Its CEO, Charles Hoskinson, is also in the driver’s seat for an advisory role in Trump’s new government.&nbsp; 
<blockquote class="twitter-tweet"> 
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">UPDATE: Video of Cardano founder Charles Hoskinson <a href="https://twitter.com/IOHK_Charles?ref_src=twsrc%5Etfw">@IOHK_Charles</a> regarding the Trump Administration’s crypto team. 
 “It’s very clear that I am going to be involved in some capacity” 
 Charles, founder of the <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ADA</a> cryptocurrency is one of the most well known minds in the crypto… <a href="https://t.co/cS8LQK3kWS">https://t.co/cS8LQK3kWS</a> <a href="https://t.co/k5xv2Xpqfs">pic.twitter.com/k5xv2Xpqfs</a> 
 — Shawn (@oroogle) <a href="https://twitter.com/oroogle/status/1857533403656057320?ref_src=twsrc%5Etfw">November 15, 2024</a>
</blockquote> 
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Things are getting better. Trump says that he wants to cut all capital gains taxes on crypto issued by U.S. companies. This makes Americans holding crypto assets such as $ADA, $ALGO, $XRP or $HBAR fully tax-free. These are all US-based projects. Hoskinson, in an advisory role, should be in support of such ideas. 
Trump and his administration want to make America the crypto capital of the world. News of Hoskinson being part of this, is one of the reasons why $ADA took off.&nbsp; 
<blockquote class="twitter-tweet"> 
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> President Donald Trump says he will make “America the world capital for crypto and <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>.” 
 You are not bullish enough. <a href="https://t.co/1vNFUU19zU">pic.twitter.com/1vNFUU19zU</a> 
 — Vivek<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Vivek4real_) <a href="https://twitter.com/Vivek4real_/status/1858218857887907882?ref_src=twsrc%5Etfw">November 17, 2024</a>
</blockquote> 
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Here are more reasons for $ADA to keep going up. 
<ul> 
 <li style="font-weight: 400;" aria-level="1">Potentially to be used for new U.S. voting system</li> 
 <li style="font-weight: 400;" aria-level="1">Becoming native DeFi layer for Bitcoin</li> 
 <li style="font-weight: 400;" aria-level="1">Notable whale accumulation</li> 
 <li style="font-weight: 400;" aria-level="1">Big $ADA ETF rumors</li> 
 <li style="font-weight: 400;" aria-level="1">TVL breaks new ATH</li> 
 <li style="font-weight: 400;" aria-level="1">SpaceX speculation</li> 
</ul> 
With this news, the Cardano ecosystem also sees an ocean of green charts. Over the last 7 days, many projects are up in double digits. You can buy $ADA and plenty of its ecosystem tokens on either <a href="https://bit.ly/Coinex_Bonus" target="_blank" rel="noopener">CoinEx</a> or <a href="https://bit.ly/BYDFi-Gift" target="_blank" rel="noopener">BYDFI</a>. 
<h5>Curve ($CRV) and the DeFi Sector</h5> 
The next sector that is making its way back into the spotlight is <a href="https://www.altcoinbuzz.io/category/defi/" target="_blank" rel="noopener">DeFi</a>. We saw a healthy increase in its market cap between October 2023 and March 2024. However, now I can see a new leg up forming since early November. 
Part of this pump is the shift from DeFi 2.0 to <a href="https://www.kiwitech.com/blog/deciphering-the-defi-evolution-from-1-0-to-2-0-to-3-0/" target="_blank" rel="noopener">DeFi 3.0</a>. In a nutshell, DeFi 3.0 is more user-friendly, and it offers new yield earning options. For instance, liquid staking and also offering added value like card payment options. In other words, it introduces real-world utility.&nbsp; 
One of the current stars who’s profiting from this is Curve ($CRV). <a href="https://www.coingecko.com/en/coins/curve-dao-token" target="_blank" rel="noopener">Curve ($CRV)</a> saw an amazing 350% increase over the last 30 days. This includes a 122% run over the last 7 days. With this, it outperforms most other DEXes by a 3x to 4x with this number. <a href="https://www.altcoinbuzz.io/?s=curve" target="_blank" rel="noopener">Curve</a> is currently available on 19 chains.&nbsp; 
<blockquote class="twitter-tweet"> 
 Vibes of DeFi summer? <a href="https://t.co/hAEw4S7wuV">https://t.co/hAEw4S7wuV</a> 
 — Curve Finance (@CurveFinance) <a href="https://twitter.com/CurveFinance/status/1865017851930611734?ref_src=twsrc%5Etfw">December 6, 2024</a>
</blockquote> 
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This is quite a remarkable comeback by Curve. In July 2023, Curve fell victim to hackers and lost around $62million in its liquidity pools. Dealing with that and coming back so strongly deserves respect.&nbsp; 
This comeback may have started around early September. A whale bought for $4.7 million worth of $CRV on Binance and withdrew $3.5 million of it.&nbsp; He deposited this into Convex, the governance token.&nbsp; 
This showed a renewed trust in Curve. Shortly after this, Curve’s current run started. With it, the whole DeFi sector is growing.&nbsp; 
From the newer projects, it’s worth mentioning how <a href="https://www.coingecko.com/en/coins/sui" target="_blank" rel="noopener">$SUI</a> and its ecosystem stays on fire. Everything looks up by double digits. Especially, some of its memecoins are hitting triple digits. $SUI itself also broke the $4 barrier and has a new ATH of $4.40. Besides on CoinEx and BYDFI, you can also buy both these tokens on <a href="https://bit.ly/MEXC-Gift" target="_blank" rel="noopener">MEXC</a>. 
<a href="http://patreon.com/altcoinbuzz"><img decoding="async" class="alignnone size-full wp-image-123701" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1.jpg" alt="" width="1197" height="148" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1.jpg 1197w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-1068x132.jpg 1068w" sizes="(max-width: 1197px) 100vw, 1197px"></a> 
<iframe title="I am Telling YOU Cardano ADA, Sui and Solana Sol Will Go INSANE Soon (KNOW WHY?)" width="696" height="392" src="https://www.youtube.com/embed/s30V1YkjydI?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe> 
<h6>Disclaimer</h6> 
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours. 
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. 
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The post <a href="https://www.altcoinbuzz.io/reviews/legacy-coins-like-cardano-and-curve-are-pumping/">Legacy Coins Like Cardano and Curve Are Pumping</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.

Legacy Coins Like Cardano and Curve Are Pumping

Altcoin Buzz

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