According to BlockBeats, Cardano (ADA) experienced a significant increase in value following a statement by U.S. President Donald Trump regarding the advancement of a cryptocurrency strategic reserve that includes XRP, SOL, and ADA. Data from CoinGecko indicates that Cardano's price surged by 73%, reaching a peak of $1.148 and currently trading at $1.136. This rise has positioned Cardano as the eighth-largest cryptocurrency by market capitalization, valued at $39.8 billion, with a fully diluted valuation (FDV) reported at $49.9 billion. The 24-hour trading volume across the network reached $8.12 billion.

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