#CardanoDebate The cryptocurrency market witnessed an impressive rise of the ADA cryptocurrency from Cardano, after founder Charles Hoskinson announced his involvement in shaping cryptocurrency policies in the United States.
Amid this movement, the price of ADA surged 35% in the last 24 hours, even surpassing Bitcoin and other major cryptocurrencies, reaching the level of 58 cents for the first time since April.
This increase in open contracts, an indicator of new bets and capital entering the asset, reflects the expectation of high volatility and growth potential of Cardano, with investors betting on appreciation driven by Hoskinson's political initiatives.
Cryptocurrency analyst Dan Gambardello further raised expectations, stating that ADA could rise to US$ 13, comparing its trajectory to Ethereum in the last bull cycle. According to him, the Plomin Upgrade, which will make Cardano the most decentralized blockchain in the Top 10, could lead the token to an appreciation of up to 5,800%.