Cardano (ADA) has experienced a significant rally, nearly tripling in value over the past month, surpassing Bitcoin and Dogecoin in gains. The surge has propelled Cardano to become the ninth-largest cryptocurrency, with a market capitalization over $34.7 billion. The rally was primarily fueled by Cardano founder Charles Hoskinson's involvement in shaping US cryptocurrency policy, aiming to position the US as a global leader in the industry. The recent listing of Cardano on Robinhood, a popular trading platform, also contributed to its boost. Despite a drop in value below the $1 mark, optimism remains as the ADA token tests the $1 mark again. Various predictions suggest that ADA's future price could range from $2 in the coming weeks to $6 to $12.54 by 2030, depending on market conditions and regulatory challenges. However, reaching $100 in the near future is highly unlikely. Cardano aims to address the limitations of earlier blockchain technologies and offers better scalability, interoperability, and sustainability through its layered architecture and proof-of-stake consensus mechanism.



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