Cardano

Value

April

Coin

Potential value of Cardano (ADA) coin following the US Elections has the potential to double its all-time high from 2021 if it experiences a price surge of up to 1,000% after the U.S. presidential election.
The recent election results, particularly the win of pro-crypto candidate Donald Trump, have positively impacted the wider cryptocurrency market.
As early results indicated a Trump victory, Bitcoin (BTC) quickly reached a new all-time high (ATH), sparking a significant market rally that also benefited Cardano.
<h3 class="wp-block-heading" id="h-cardano-s-post-election-performance" style="font-size:21px">Cardano’s Post-Election Performance</h3>
In the days following the GOP candidate’s victory, Bitcoin climbed above $93,000, setting a new ATH.
Although Cardano started its upward trend later than some other cryptocurrencies, it has begun to catch up.
Currently, Cardano (ADA) has seen a 41.79% increase over the past week, making it one of the top gainers among the leading 20 cryptocurrencies by market capitalization.
It recently peaked at $0.6599 before experiencing a slight pullback.
At the time of writing, ADA is trading at $0.737.
If it continues its upward momentum, there is potential for it to reach its all-time high again.
Market analyst Max Maher suggested back in August that Cardano could achieve a remarkable 1,000% rally.
<h3 class="wp-block-heading" id="h-potential-price-scenarios-for-cardano" style="font-size:21px">Potential Price Scenarios for Cardano</h3>
If Cardano continues to rally, here’s what could happen:
<ul class="wp-block-list">
 <li>100% Increase: If ADA rises by 100%, it could reclaim the $1 mark, reaching approximately $1.2342.</li>
 <li>This level has not been seen since April 2022.</li>
 <li>500% Increase: A 500% surge would push Cardano above its previous ATH of $3.1, potentially reaching around $3.7.</li>
 <li>At this price, Cardano’s market cap would rise to $129.56 billion, positioning it among the top four cryptocurrencies.</li>
 <li>1,000% Increase: Following Maher’s projections, a 1,000% increase could elevate Cardano’s price to $6.78, effectively doubling its previous peak.</li>
 <li>Notably, analyst Ali Martinez has also predicted a rally towards the $6 mark.</li>
</ul>
<h3 class="wp-block-heading" id="h-historical-context" style="font-size:21px">Historical Context</h3>
These <a href="https://thecryptobasic.com/2024/10/29/analyst-projects-2288-cardano-surge-to-6-identifies-when-ada-bull-run-could-begin/" target="_blank" rel="noopener noreferrer nofollow">projections</a> are grounded in Cardano’s past performance.
After the November 2020 U.S. elections, ADA surged by 85%, climbing from $0.0930 to $0.1720.
This momentum continued, leading to an ATH of $3.1 in September 2021—a staggering increase of 3,459%.
Following the recent elections, Cardano has already gained 89% with a couple of weeks left in November.
If it achieves even a fraction of its previous post-election rally, reaching the $6 mark is within reach.
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Also Read:&nbsp;<a href="https://franknez.com/cardano-founder-and-ripple-ceo-reportedly-in-talks-amidst-rallies/" rel="noopener noreferrer nofollow">Cardano Founder And Ripple CEO Reportedly In Talks Amidst Rallies</a>
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Potential Value Of Cardano Coin Following The US Elections

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