Cardano is currently one of the top gainers in its asset class, with bullish macroeconomics fueling its recent price surge. ADA has shown impressive growth across all timeframes, with increases of 23%, 69%, and a staggering 109% in the daily, weekly, and monthly charts, respectively.

In addition to the ongoing broader market, several developments unique to Cardano has contributed to ADA’s uptrend. For instance, reports suggested that Cardano founder Charles Hoskinson could collaborate with the US government on crypto policies. Notably, ADA has surged 70% since Hoskinson disclosed the possible partnership.

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