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Cardano priceCoinGape
•Business
Business & Economics
68% Informative
Cardano ( ADA ) rose by 4% on Thursday , reaching an intraday high near $ 0.70 before pulling back slightly.
The rally followed bullish remarks from Charles Hoskinson , the founder of Cardano , in a CNBC interview where he outlined bullish expectations for Bitcoin and the broader crypto markets.
Hoskinson said Bitcoin ’s projected rally will be fueled by upcoming U.S. crypto legislation, including the recently passed, Crypto Stablecoin bill, citing monetary easing and regulatory momentum.
If Bitcoin hits the $ 250,000 mark, Cardano 's historical price correlations suggest ADA price could breach $ 2 .
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