Cardano (ADA) started 2025 on a bullish note. The asset emerged as a top performer as it recorded a notable rise over the past seven days. Despite the altcoin’s stagnancy over the years, ADA could be turning over a new chapter. The community is looking forward to witnessing Cardano continue its uptrend over the next couple of days. Donald Trump is all set to take office later this month, this could also play a vital role in pushing ADA to its peak.

Also Read: How to connect Cloudflare domain with Flutter web?

Looking Into Cardano’s Double Digit Spike

Over the past week, ADA managed to rise by a staggering 30%. The asset went from trading at $0.8422 to a high of $1.11 in the first week of January 2025. At press time, the altcoin was trading at $1.09 with a daily drop of over 0.14%.

Cardano’s latest uptick has pushed it closer to its all-time high. The asset reached a peak of $3.10 about three years ago in September 2021. Currently, ADA sits 64% below this milestone.

Also Read: Cardano (ADA) Gets 27% Jump to Start 2025: Is $2 Imminent?

Trump’s Inauguration

The second term of President-elect Donald Trump will begin on January 20, 2025, in Washington, D.C. With Trump and Vice President-elect JD Vance taking the oath of office together. The formal events will start at noon EST on the U.S. Capitol’s West Lawn. Following this event, several assets in the cryptocurrency market including Cardano is expected to witness a rise.

The cryptocurrency could record an increase. According to data from CoinCodex, Cardano is expected to trade at a maximum price of $1.51 in January 2025. This marks a 38% rise from its current price. Since the asset hasn’t reached this level yet, it is likely that ADA will rise this high later this month. Trump’s inauguration is expected to fuel the growth of the asset and push it beyond the $2 mark.

Also Read: Meta Platforms Announced Dana White Will Join Board of Directors