Altcoin Surge: Cardano's ADA Token Hits $1 Amid Trump's Crypto Reserve Inclusion

Altcoin investors have been eagerly awaiting the arrival of "altseason," a period of significant gains for alternative cryptocurrencies. However, several factors have been delaying this much-anticipated event. Cointelegraph's latest video explores the key factors holding back altcoin rallies and highlights potential opportunities for future gains.

One of the most talked-about altcoins, Cardano's ADA token, has recently surged to $1 after a 25% daily gain. This impressive performance was driven by former President Trump's inclusion of Cardano in the crypto reserve and whale accumulation ahead of the March 7 White House event. The Cardano price has also triggered a major near-term buy signal, with the cryptocurrency staging a massive intra-day rebound from its earlier lows.

Broader risk appetite in financial markets has improved, with positive rhetoric from Ukrainian President Zelenskyy regarding the possibility of signing a minerals deal with the USA. Additionally, the market's growing confidence in the Fed delivering more rate cuts this year to protect against any incoming protracted US economic malaise has bolstered sentiment.

The Trump administration's intention to include Cardano, alongside other "made in America" cryptocurrencies like Solana and XRP, in its crypto reserve represents a major upside wild card for Cardano. Furthermore, the potential for the US Treasury to adopt Cardano as its decentralized and transparent payment ledger, coupled with the high likelihood of spot Cardano ETFs receiving approval in 2025, suggests that 2025 could be a record year of adoption for the crypto.

While conditions are expected to remain bumpy, risks are strongly tilted towards the upside for the Cardano price this year, with a retest of 2021 highs above $3.0 very possible. ADA is a strong candidate for one of the best cryptocurrencies to accumulate in the months ahead.