Cardano (Ada) gained 8% between March 23 and March 25, again to try the $ 0.76 resistance level, which will be held for more than two weeks. Although far from March 3 of $ 1.18, entrepreneurs remain optimistic about further gains. Their confidence is driven by the ongoing efforts of founder and CEO Charles Hoskinson to highlight the benefits of ADA’s network and potential to industry leaders, especially within the traditional financial market.
The ADA price of the surge on March 3 was that US president Donald Trump, clearly mentioned Ether (Eth), XRP (XRP), and Cardano to his official social media account as the leading candidates for US digital assets. However, the Digital Asset Stockpile Executive Order signed by Trump on March 7 did not include plans to buy any Altcoins, despite his earlier claims.
Trump Jr and Charles Hoskinson will attend the DC Blockchain Summit 2025
A fresh wave of bullish speculation for ADA appeared after Donald Trump Jr. was announced.
The two -day event in Washington, DC, will feature some well -known speakers, including Wyoming Governor Mark Gordon, most whip Tom Emmer, Senator Ted Cruz, Senator Cynthia Lummis, and Bo Hines, executive director of the Presidential Council of Advisers for Digital Assets.
DC Blockchain Summit 2025 Agenda. Source: dcblockchainmit
Trump Jr. is set to speak on March 26 with three co-founders of World Liberty Financial, a crypto adventure supported by US President Donald Trump. Launched in September 2024, the company conducted two public token sales, raising a total of $ 550 million. Most recently —but, on March 24th, the project introduced a dollar-pegged stablecoin In the Ethereum and BNB chain, even though it is not trained yet.
A significant portion of the recent ADA acquisitions is likely to be driven by the speculation about a potential cooperation with World Liberty Financial, similar to $ 30 million Investment from the tron Founder of Justin Sun or Web3port platform of $ 10 million investment. However, some analysts, including 6MV managing partner Mike Dudas, criticized Crypto’s Trump’s adventure, calling it a “pay-to-play” technique rather than a truly decentralized gateway (DEFI) gateway.
The Potential USD1 Stablecoin list of Cardano’s World Liberty Financial can be a game changing for Blockchain, which generates a significant hype around Charles Hoskinson sharing the stage with their representatives. In addition, despite the relatively low total amount locked (TVL) and onchain activity, the Cardano Network has released some of its test competitors.
US Digital Stockpile and Cardano’s defi produce can boost demand for ADA
Improvements within Cardano’s defi ecosystem and the opportunity to obtain outsized produce can also benefit the ADA price. HYDRA, a Layer-2 scalability solution to Cardano, is achieved Almost 1 million transactions per second while running a game. Some users have pointed out that no transactions failed in the Cardano Base Layer, setting it from networks such as Solana, which claims scalability but faces issues.
Source: Taptools
Noted data from Dune Analytics, Taptools reported a 40% rate of failure in Solana transactions in 30 days leading March 17. Conversely, the post claimed that “each transaction was proven before the chain” in the “Eutxo model of Cardano.”
Despite this criticism, the user Grekos99 Argued On the X Social Network that most failed transactions in Solana are “common transactions that are not fully executed because certain conditions are not met, for example, slippage.”
Related: Trump Media looks at Crypto.com partner to launch ETFs
Regardless of the understanding of Cardano’s unique validation and scalability process, some of its DEFI applications show potential. For example, Indigo, a non-custodial synthetic asset protocol in Cardano, currently offers a 28% yield to its stablecoin and 20% in Bitcoin-wrapped deposits. However, part of the difference can be explained by the returns paid to the Indy tokens, making it less attractive -compared to some of its competitors.
The path for ADA to recover levels above $ 1 which is excessively dependent on the Cardano Foundation and Ability Charles Hoskinson To guide the management and support of the network for the use of cases aligned with scalability and decentralization goals.
Other catalysts include potential development in the US government’s digital asset stockpile and flowing Cardano’s defi applications, which are currently offering higher yields than most competitors.
This article is for general information purposes and is not intended to be and should not be done as legal or investment advice. The views, attitudes, and opinions expressed here are unique and do not necessarily reflect or represent the views and opinions of the cointelegraph.
