3 reasons why Cardano (ADA) price could be on the path to new highs
An evolving DeFi ecosystem, lucrative yields and inclusion in the US Digital Asset Stockpile could catalyze a Cardano price rally to new highs.
Cardano (ADA) gained 8% between March 23 and March 25, once again testing the $0.76 resistance level, which has held for over two weeks. Although still far from its March 3 high of $1.18, traders remain optimistic about further gains. Their confidence is driven by the ongoing efforts of founder and CEO Charles Hoskinson to highlight the network’s advantages and ADA’s potential to industry leaders, particularly within traditional finance markets.
The ADA price surge on March 3 was triggered by US President Donald Trump, who explicitly mentioned Ether (ETH), XRP (XRP), and Cardano on his official social media accounts as leading candidates for the US Digital Asset reserves. However, the Digital Asset Stockpile executive order signed by Trump on March 7 did not include plans to purchase any altcoins, despite his earlier claims.
A fresh wave of bullish speculation for ADA emerged after Donald Trump Jr. was announced as a speaker at the DC Blockchain Summit 2025, a panel moderated by Cardano founder Charles Hoskinson.
Go to Source
Author: Marcel Pechman
