#Cardano
Cardano jumps after Trump's cryptocurrency strategy announcement
According to BlockBeats, Cardano (ADA) experienced a significant increase in value following a statement from U.S. President Donald Trump regarding the advancement of a strategic cryptocurrency reserve that includes XRP, SOL, and ADA. Data from CoinGecko indicates that the price of Cardano surged by 73%, reaching a peak of $1.148 and is currently trading at $1.136. This increase 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.