cryptojournalist
Big Recovery for ADA
Cardano’s ADA token had a rough year in 2024, losing over 40% of its value by October. But November brought a major turnaround, with ADA jumping more than 30% in just a week. This has led many to believe that ADA could more than double in value by early 2025.
The Hoskinson-Trump Connection
The big price spike seems to be linked to rumors that Cardano founder Charles Hoskinson might join Donald Trump’s administration in 2025 to help shape U.S. crypto policy. While Hoskinson has said he plans to work with lawmakers on crypto issues, he hasn’t confirmed any official role with the Trump team, and Trump hasn’t announced any new crypto-focused policy plans yet.
What’s Next for ADA?
Even though ADA’s price is up, it’s currently in “overbought” territory, meaning a short pullback could happen soon. ADA is testing a key price level around $0.60, and if it holds, it might keep climbing toward $0.65 or even $1.13 by early 2025. But if it doesn’t hold strong, it could drop back to around $0.35.
