Before the rally, Cardano price had faced a sharp decline, dropping 30% within a week, from over $0.82 to under $0.60.
As of Sunday, March 2, 2025, Cardano price is making headlines with a huge 60% rally, climbing from $0.65 to $1.01 following a surprising announcement from the White House.
U.S. President Donald Trump, at approximately 10:00 AM PST, revealed a new U.S. crypto reserve that includes ADA, alongside Ripple (XRP) and Solana (SOL).
This move has sent shockwaves through the crypto market, with ADA’s price jump propelling it to the eighth-largest cryptocurrency by market capitalization, overtaking the original meme coin, Dogecoin.
The rally comes after a turbulent period for ADA, which had seen a 30% decline in the past week, dropping from over $0.82 to under $0.6, before finding support and rebounding to $0.65 over the weekend.
This volatility underscores the dynamic nature of the crypto market, where news and announcements can trigger significant price movements.
Trump’s Crypto Reserve Announcement
Trump’s announcement, made during a press conference at the White House, named ADA, XRP, and SOL as part of the U.S. crypto reserve, a strategic move to bolster domestic crypto innovation.
The selection of these tokens is noteworthy due to their significant ties to the United States. Ripple is headquartered in San Francisco, Solana has a strong presence in the U.S., and Cardano, while having a global community, maintains key partnerships and operations within the country, such as Input Output Global’s (IOG) U.S. offices.
This alignment with the U.S.-based entities likely influenced their inclusion, aiming to strengthen the nation’s position in the global digital asset landscape. The announcement has been a focal point for investors, with ADA experiencing the most significant reaction.
Cardano Price 60% Rally
Following Trump’s announcement, Cardano price surged from $0.65 to $1.01, marking a 60% increase within minutes. The rally brought ADA to its highest level in over a month, as it had spent all of February 2025 below $1, according to historical price charts.
ADA/USDT Chart | Source: TradingView
In comparison, Ripple (XRP) and Solana (SOL) saw gains of approximately 29.5% and 20.6% each, per market reports, but ADA’s performance outpaced them significantly.
This outsized rally suggests market surprise and heightened buying interest, possibly driven by ADA’s perceived long-term potential and the unexpected inclusion in the reserve.
Before the surge, ADA had faced a sharp decline, dropping 30% within a week, from over $0.82 to under $0.6, as noted in trading data.
This crash was part of a broader market-wide downturn, but ADA found support at $0.6 and managed to rebound to $0.65 over the weekend, reflecting a relief rally across the sector.
The recent volatility, with February 2025 prices consistently below $1, sets the stage for the current surge, highlighting ADA’s resilience and the market’s reaction to positive news.
The Cardano price movement, tracked via TradingView charts, shows a clear upward spike post-announcement, underscoring the impact of regulatory developments.
ADA Overtakes DOGE in Market Cap
The 60% price surge has elevated ADA’s market capitalization to over $35.7 billion. This figure, based on CoinMarketCap data, positions ADA as the eighth-largest cryptocurrency, surpassing Dogecoin, which currently holds a market cap of $33.78 billion.
This milestone marks a significant achievement for Cardano, reflecting its growing traction and recognition in the crypto community, especially after a volatile period.
The overtake of Dogecoin, the original meme coin , underscores ADA’s shift from a technical blockchain project to a mainstream contender.
