Cardano (ADA), currently the ninth-largest cryptocurrency by market cap, has seen a 58.4% surge over the past year. Yet, despite steady growth, some traders still label the project a failure — a view that Cardano founder Charles Hoskinson strongly rejects.
Hoskinson emphasized that judging a project solely by its token’s price is a flawed approach. He pointed out that Cardano has grown from a $72 million startup into a $25 billion ecosystem, with over 3 million users worldwide.
He stressed that Cardano has consistently delivered on its development roadmap, achieving major milestones while maintaining a focus on security, scalability, and decentralization.
Blasts Crypto Hype Culture
Mocking a recent trend where traders were encouraged to sell ADA for a now-collapsed project, Hoskinson criticized the “get rich quick” mentality. He warned against expecting 10x or 100x returns from fundamentally strong projects like Cardano, arguing that true success should be measured by technological innovation and real-world impact, not price speculation.
In the last 30 days, ADA’s price has climbed 4.1%, including an 11.9% rise over the past week. However, it saw a slight dip of 0.4% in the last 24 hours — a typical fluctuation in a volatile market.
Innovation Over Price: Hoskinson’s Message to Crypto Investors
Hoskinson urged the crypto community to shift focus from short-term price movements to genuine innovation. He also voiced his support for the Trump administration’s new efforts to bring regulatory clarity to the U.S. crypto sector, noting that clear regulations are essential for long-term industry growth.
Conclusion: Cardano’s Path Forward
Hoskinson’s message is clear: innovation, not hype, will determine the future leaders of the crypto industry. Despite criticism, Cardano’s consistent growth, robust technology, and regulatory-friendly approach position it as a project built for lasting success — not fleeting price pumps
Donald Trump’s DeFi project World Liberty Financial continues fresh crypto, acquiring another 541,242 SEI coins. This news was enough to push the SEI price up by 7.3% while the broader crypto market consolidates. The recent acquisition comes despite the Trump portfolio for digital assets sitting on a $124 million loss.
SEI Price Rallies After Donald Trump’s DeFi Project Investment
Amid the week of strong crypto market correction, the SEI price has bounced back from the bottom of $0.18, thereby gaining an additional 7% today, and inching closer to $0.20 levels. Also, the daily trading volume for SEI has shot up by 17% to more than $127 million, showing a strong bullish sentiment for the altcoin.
The recent SEI price pump comes as Donald Trump’s blockchain-focused venture, World Liberty Financial, has made another significant investment, purchasing 541,242 SEI tokens for $100,000 USDC at an average price of $0.185, as data from Spot On Chain.
The project’s total SEI holdings now stand at 1.089 million tokens, acquired at a cumulative cost of $225,000. However, due to the recent market fluctuations, their current value has dropped slightly to $207,000. The Trump portfolio, which holds a total of 9 crypto tokens, is currently sitting at a cumulative loss of $124 million on its investment value of close to $340 million.
Source: LookonChain
On the technical chart, SEI price is positioning for a potential short-term breakout from its descending triangle pattern on the hourly chart. A decisive rebound from key resistance zones could trigger a substantial price movement.
Source: TradingView
World Liberty Financial on Crypto Buying Spree
Despite the broader crypto market downtrend since late February, World Liberty Financial has aggressively expanded its crypto portfolio, investing $21.6 million in prominent assets such as Ethereum (ETH), Wrapped Bitcoin (WBTC), Move (MOVE), and SEI.
In February, World Liberty Financial unveiled its new Macro Strategy Reserve, a strategic initiative aimed at fortifying its presence in the cryptocurrency sector. The Reserve focuses on diversifying WLFI’s holdings across a range of digital assets to provide financial stability. By spreading investments, the reserve seeks to mitigate market volatility while ensuring the platform’s long-term resilience and sustainability in the evolving crypto landscape.
Recent Partner With Sui
The Donald Trump’s DeFi project also announced its recent partnership with Sui on key development opportunities. As part of this partnership, it will also build a strategic SUI reserve.
Evang Cheng, a founding contributor to Sui, stated that the synergy between Sui’s cutting-edge technology and WLFI’s ambitious vision could revolutionize the way assets are stored and utilized globally.
The crypto market has rebounded after a recent dip. Currently, the total market cap of the cryptocurrency market stands at $2.96T. In the last 24 hours, the market has experienced a surge of 1.5%. During the period, almost all the top ten cryptos have seen growth. BTC has grown by 2.7%, ETH by 1.6%, XRP by 3.2%, SOL by 3.2% and DOGE by 2.9%. The big question is: what has triggered this rebound? Let’s dive into the key reasons behind this price surge.
Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election
President
announced a 25% tariff on auto imports from Canada and Mexico. The move created havoc in the global economy. It even affected the crypto industry as well. It was feared that the development could push the Northern American region into a severe trade war.
Yesterday, a temporary solution was made in the issue, as Trump agreed to a 30-day delay in the implementation of the tariff plan.
The decision was the final outcome of a series of discussions conducted with Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum by Trump.
The temporary halt in the implementation of the plan has averted immediate trade disruptions, and, thus, considerably lowered macroeconomic pressure. Experts opine that this development has positively influenced the crypto market.
Stock Market Gains Add to Crypto Rally
Yesterday, the US market reported a rise of around 1.05%. The S&P 500 index surged from $5,781.50 to $5,842.62.
The crypto market, even crypto stocks, have benefited from this positive momentum in the US stock landscape.
Yesterday, the MicroStrategy stock price climbed from $277.54 to $308.55, marking a notable rise of 11.17%
On the same day, the stock price of Coinbase Global grew from $214.64 to $222.45, recording a surge of 3.63%
Weaker US Dollar and Interest Rate Speculation
In the last four days, the US Dollar index has declined by 3.21%. A weaker dollar can signal concerns about the US economy’s health. It can lead to higher import prices, potentially fueling inflation.
If the dollar is falling, and that fall is contributing to inflation, the US Fed may adjust interest rates. Reports say that there is a 52% probability for a Fed rate cut in June 2025.
Lower interest rates can encourage investors to seek higher returns in riskier assets, such as cryptos.
It is fair to assume that the drop in the DXY index reading and speculations regarding the June interest rate cut have influenced the crypto market positively.
Currently, the total market cap of the crypto market stands at $2.96T. The 200-day SMA of the market stands at $2.79T, the 100-day SMA at 3.28T and the 50-day SMA at 3.19T.
Recently, the market rebounded from the 200-day SMA line – which acts as a strong support. Now, it remains at least 5.74% above the support.
The 100-day SMA and 50-day SMA now act as resistant levels. If it breaks above the range of $3.19T and $3.28T, the market could see a strong bullish rally.
The RSI of the market is at 47.58. This also suggests that there is enough room for the market to grow further.
In conclusion, the crypto market is showing strength, with key technical levels in focus. If the trend continues, a bullish breakout could be on the horizon.
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The post Why Crypto Market Is Up Today: Bullish Technicals & Market Catalysts appeared first on Coinpedia Fintech News
The crypto market has rebounded after a recent dip. Currently, the total market cap of the cryptocurrency market stands at $2.96T. In the last 24 hours, the market has experienced a surge of 1.5%. During the period, almost all the top ten cryptos have seen growth. BTC has grown by 2.7%, ETH by 1.6%, XRP …
