Cardano ADA News: Trump Includes ADA in National Strategic Crypto Reserve Without Consulting Founder

A surprise move by former President Trump has sparked buzz in the crypto world, as he announced the inclusion of Cardano’s ADA in a proposed national strategic crypto reserve without consulting the project’s founder, Charles Hoskinson.

Cardano Mystery: Trump Selected ADA Without Consulting Hoskinson

Cardano founder Charles Hoskinson claims he had no prior knowledge of ADA’s inclusion in Trump’s proposed crypto reserve until the day it was announced. Trump announced through his Truth Social platform that the United States would establish a national strategic crypto reserve containing XRP alongside Solana (SOL) and Cardano (ADA). This led to sharp price increases for ADA, XRP, and SOL. Trump is also set to host a White House Crypto Summit on March 7 where he will announce key crypto policies.

Cardano Partners with Brazil’s SERPRO

The Cardano Foundation has entered a strategic partnership with Brazil’s state-owned IT giant SERPRO, the largest technology provider for the Brazilian government. SERPRO powers digital solutions for over 90% of the country’s federal administration. The collaboration aims to accelerate blockchain adoption across Latin America. The partnership was announced on Mar. 6.

Cardano News: ADA Price Eyes $2 Breakout, Trading Volume Hits All-Time High

Cardano’s (ADA) trading volume has reached new peak levels, not observed since the token hit its all-time high of $3.10. On-chain activity has significantly increased as whales acquire larger amounts of ADA, fueling market predictions for a future price surge. TapTools showcased that Cardano achieved its maximum trading volume, surpassing its previous record set in 2021. Historically, high trading volumes precede major price movements.

Cardano (ADA) Prepares for Major Breakout With 8X Rally Potential

Cardano is consolidating NEAR key resistance, signaling a potential breakout. Short-term targets include $1.30 and $1.50 if buying volume increases. Long-term projections suggest ADA could rally up to 8X, reaching $7.82. Market recovery and historical trends support a strong bullish phase for ADA. After recently reaching a high of $1.12, ADA faced a sharp sell-off triggered by Trump’s tariff announcement, but with the market transitioning back into a bullish phase, Cardano is once again in a position to regain momentum and push toward new highs.