🟡Cardano (ADA) has seen a sharp surge in value, rising 248% following Donald Trump’s victory in the U.S. presidential election. The asset’s price has reached $1.156, its highest since April 2022, solidifying its position above the critical $1 mark.
🟡Analyst Lark Davis predicts that ADA could climb to $10, achieving nearly a tenfold increase. His projection is based on Fibonacci levels and the potential restoration of ADA’s market dominance to 4%, as observed in a previous cycle. This would raise the coin’s market capitalization to $370 billion.
🟡Increased user activity, rising transaction volume, and higher network fees indicate Cardano’s return to a leading position in the crypto market. Experts believe ADA’s bullish rally is just beginning.