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Cardano is on a hot run in the past week, with the Cardano price rattling off a sensational 77% run in the week immediately after the US elections was done and dusted. In doing so, Cardano is finally shaking off the “laggard” tag it has earned throughout the years after miserably lagging compared to its altcoin competitors that have gone on sensational runs as Cardano price action remained stagnant.
Cardano price performances remained on a bearish trajectory until it went on a breakout of its own in the wake of Cardano founder Charles Hoskinson’s pronouncements that he wanted to play an active role in shaping United States crypto policy in the Trump administration waiting in the wings. The Cardano price surged past $0.60 as of press time in the wake of an improving macroeconomic environment, a potentially pro-crypto Trump administration, and a US Fed rate cut. Can the Cardano price run keep up its pace and hold firm above $0.60 to close out the year?
Cardano price goes on a 77% tear
ADA prices broke past $0.64 last November 12th, with the Cardano price action thoroughly outperforming Bitcoin and other leading cryptocurrencies in the week right after the US elections. Hoskinson’s pronouncements on his X podcast stating he wanted to play a major role in determining future crypto policy in the incoming Trump administration triggered a wave of speculative inflows. Paired with a new round of rate cuts by the Federal Reserve, Cardano prices went on a 77% run as major altcoins turned in bullish growth.
ADA prices rose past $0.64 as trade volumes peaked over $3.3 billion last weekend, with the booming trade volumes carrying over to last Monday November 12th. Although ADA prices have cooled off in the past 24 hours since, falling to $0.58 as of press time.
Hoskinson reveals plans setting up crypto policy office in the US
In the same podcast aired last November 9th, Hoskinson announced that Cardano development company Input Output will establish a crypto policy office in the US, triggering fresh speculation which could translate into another potential run towards $1 before the end of the year for ADA. Hoskinson expressed his fervent hopes of working with
Hoskinson stated that he would spend time working with Congress along with leading lights in the crypto industry to formulate future crypto policy under what insiders believe could be an incoming pro-crypto administration. If that were to happen, that could translate into further gains for Cardano in the near future.
Lunex presale capital inflows break past $2 million
But enough about Cardano for just a second—because one presale investment opportunity is being tipped for significantly greater gains than ADA in 2025. The smart money is flowing into Lunex Network’s presale, which has analysts and crypto sleuths buzzing about its capability to turn on a parabolic growth run in 2025 with the expected resurgence of the DeFi sector. Lunex is a cross-chain swap and DeFi protocol removing the learning curve associated with DeFi—making it a strong contender among the new crop of DeFi protocols primed for a pump in 2025.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
*This article was paid for. Cryptonomist did not write the article or test the platform.
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