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Cryptocurrency News Articles

As prominent cryptocurrencies gain acceptance in the global market

Mar 28, 2025 at 09:23 pm

Looking to the future, it will be important for crypto investors to pay attention to the price changes of such emergent tokens.

As prominent cryptocurrencies gain acceptance in the global market

Prominent cryptocurrencies are gaining acceptance in the global market, and the broader crypto community stands to benefit from positive change. National attention has been directed to leaders like Bitcoin and Ethereum, but also to relative newcomers like ADA coin, also known as Cardano. Looking to the future, it will be important for crypto investors to pay attention to the price changes of such emergent tokens.

Historically, Bitcoin has been the driving force behind cryptocurrency prices. The health of Bitcoin at any given moment tends to inform the relative trajectory of the broader crypto market, meaning that investors could get a good idea of where most cryptocurrencies were moving based on Bitcoin’s price. When Bitcoin reached record heights late last year, the rest of the crypto market enjoyed a dramatic upswing. When Bitcoin experienced a subsequent decline, the rest of the market also fell.

However, the U.S. government's announcement of a strategic Bitcoin reserve has increased market volatility, with effects on multiple cryptocurrencies, including Cardano. Alongside Solana, XRP, Ethereum, and Bitcoin, reserve cryptocurrencies like Cardano have the potential to become equally impactful to the broader crypto market. If that is the case, it will be just as important for investors to monitor the ADA coin as it is to keep an eye on Bitcoin’s fluctuations.

While each of these and other currencies declined as a result of immediate attention surrounding the potential crypto reserve, the market could stand to benefit in the long-term.

“The crypto market turmoil follows [an order establishing] a strategic Bitcoin reserve and a separate digital asset stockpile,” Ayesha Aziz wrote in an article. “Under the order, the U.S. Treasury will hold Bitcoin seized from criminal and civil cases, with the possibility of acquiring more on the open market. The policy shift initially boosted prices but has since led to uncertainty.”

On Tuesday, March 11, MarketWatch reported that most prominent cryptocurrencies have begun to rise—with Cardano being an especially notable beneficiary. Though still a small cryptocurrency, ADA coin rose by 5.08%.

As of 07:38 ET (11:38 GMT) on Tuesday, Cardano was trading at around $0.82. The cryptocurrency reached approximately $1.13 on Thursday, February 23, the day of the potential crypto reserve’s announcement, then dropped to around $0.86 the next day. Cardano began a resurgence over the following two days, almost reaching the dollar mark once more, but it began another decline until Friday, March 10. Today, Cardano is back on the rise. Whether this means that the cryptocurrency will continue to grow or to fluctuate is uncertain.

With smaller cryptocurrencies, despite their potential inclusion in a strategic reserve, it is important to keep an eye on minor fluctuations and price history. A knowledge of a cryptocurrency’s historical record can help an investor determine whether certain events will impact it positively or negatively. Since Cardano remains under the dollar mark, minor price changes can be significant, and lead less committed investors to cash out.

In addition, Cardano’s goal to build a more balanced and sustainable ecosystem for cryptocurrencies isn’t just a slogan, but something for investors to actively consider. Environmentally conscious cryptocurrencies may be well-positioned for a future where climate change is a significant concern, and where decentralized currencies may become legitimized. Cardano aims to be a fit for these two factors, which may draw further investment attention.

Looking to the future, the cryptocurrency market is full of potential—but remains prone to fluctuations. For investors considering ADA coin or any other prominent token, it will be important to remember the factors that are driving change in the space. Attention to price shifts is key for finding success, even for lesser-known currencies like Cardano.

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