Source: Cointelegraph Original: "{title}"

Cardano rose 8% between March 23 and March 25, testing the resistance level of $0.76 again, a level that has been maintained for over two weeks. Although it is still far from the $1.18 high on March 3, traders remain optimistic about further increases.

Their confidence stems from the ongoing efforts of founder and CEO Charles Hoskinson, who continually emphasizes the advantages of the Cardano network and the potential impact of ADA in traditional financial markets.

The surge in ADA's price on March 3 was triggered by U.S. President Trump, who explicitly mentioned Ethereum (ETH), Ripple (XRP), and ADA as major candidates for the U.S. digital asset reserve on his official social media account.

However, the "Digital Asset Reserve Executive Order" signed by Trump on March 7 did not include plans to purchase any altcoins, despite earlier similar statements.

Following the announcement of Donald Trump Jr. as a speaker at the 2025 DC Blockchain Summit, a new wave of bullish speculation emerged for ADA. The summit will feature a panel discussion hosted by Cardano founder Charles Hoskinson.

This two-day event will take place in Washington, D.C., with several notable speakers in attendance, including Wyoming Governor Mark Gordon, House Majority Whip Tom Emmer, Senator Ted Cruz, Senator Cynthia Lummis, and Bo Hines, Executive Director of the President's Digital Asset Advisory Committee.

Washington D.C. Blockchain Summit 2025 Agenda. Source: dcblockchainsummit

Source: TapTools

According to data from Dune Analytics, TapTools reported that the failure rate of Solana transactions was 40% over the 30 days ending March 17. In contrast, the article claims that on Cardano's "eUTXO model," "each transaction is verified before being added to the chain."

Despite this criticism, user grekos99 on the X social network stated that most failed transactions on Solana "are usually due to certain conditions not being met, leading to incomplete execution of the transaction, such as slippage."

Regardless of opinions on Cardano's unique validation and scalability processes, some DeFi applications show potential. For example, the non-custodial synthetic asset protocol Indigo on Cardano currently offers a 28% yield on its stablecoin and a 20% yield on wrapped Bitcoin deposits.

However, some of the differences can be explained by the yield being paid in INDY tokens, which makes them less attractive compared to some competitors.

For ADA to break above the $1 price point again, it largely depends on whether the Cardano Foundation and Charles Hoskinson can guide network governance and support use cases that align with its scalability and decentralization goals.

Other catalysts include potential developments in the U.S. government's digital asset inventory and the influx of DeFi applications into Cardano, which currently offer yields higher than most competitors.

Related: Berkshire-backed Nubank adds ADA, NEAR, ATOM to cryptocurrency products

This article is for general informational purposes only and should not be considered legal or investment advice. The views, thoughts, and opinions expressed here are solely those of the author and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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