Here is the reason for the high price of Cardano (ADA) this week

TL; D

• Increasing speculation that Gemini may soon listen to Ada, as co -founder Tyler Winkelvos alluded.
• If this is confirmed, this may strengthen liquidity and push the price momentum for the original Cardano code.

Ada Rally on the way?

Cardano’s original encrypted currency was at the forefront of the gains at the beginning of March when US President Donald Trump certain Work on a strategic encryption reserve that will include ADA, among other origins.

The price exceeded 1.10 dollars at one point, but the peak was short -term and replaced it with great correction. The following days, ADA was in a clear declining direction, and to this writing, it is traded by about $ 0.73 (for all Coingecko data).

One of the factors that may nullify (at least temporarily) the declining direction is an additional dependence of the exchange of cryptocurrencies. There were increasing rumors that the last platform To allow ADA trading services will be the US -based Gemini.

Tylor Winklevoss (one of the company’s participating founders) recently Glimpse That ada may It is listed On the stock exchange. Such development would increase the liquidity of the distinctive symbol and easy access to it and may cause upward pressure on the price.

Earlier this month, Gemini intended The big news community is about to announce early this week. Later hiring Thursday (March 13) as a specific date.

Majority Users commenting on the post comments that the Cardano original currency menu will be the next development.

Gemini is among the few encryption giants that have not yet embraced Ada. Those who have jumped on the cart over the past few years include Binance, Coinbase, Kraken, Bitget, OKX, Upbit and many others.

“There is no point in selling here”

Many market monitors described the decline in ADA prices last week as a temporary decline that should not be It is explained As the end of the bull.

X Bitcoin Buddha user recently He said Almost 500,000 of his followers on the social media platform that the original symbol of the original Cardano “re -testing the main support, which is a thunderbolt mark for recovery.”

“I am monitoring This scenario is just to announce Trump’s reserves. Cardano will strike hard as soon as the market bounces. Patience, there is no point in selling here, “and added.