A surprising move by former President Donald Trump has sparked a massive surge in Cardano’s value, exceeding $499 million in Total Value Locked (TVL). The announcement of the Strategic Crypto Reserve, which includes Cardano, is driving significant market shifts. 📚
Trump’s involvement surprised many observers as it marks a clear indication that US policies are now leaning towards greater crypto inclusion.
The market responded swiftly, with Cardano’s TVL surging by 70%. This surge in value reflects the growing recognition of Cardano within the cryptocurrency world. The increased activity from large-scale investors – known as whales – is also a notable sign.
Historical precedent suggests similar policy announcements have historically boosted crypto prices. This announcement, alongside past Bitcoin ETF approvals, could point to a new trend of US crypto adoption, potentially shaping future market dynamics.