Cardano (ADA) has been on a strong rise, reaching its highest price since March 2024. The price has gone up almost 170% from its lowest point this year. This jump is mainly because of the recent crypto market rally, with Bitcoin reaching $92,000 and the overall market value hitting $3 trillion.
The Crypto Fear and Greed Index has also moved into the “extreme greed” zone, showing that investors are very confident right now about the market. Currently, Cardano is trading at $0.753, with a 2.02% surge in market cap of $26.40 billion.
One reason for Cardano’s rise is the buzz around a possible partnership with SpaceX, the space company owned by Elon Musk. The rumors started after Charles Hoskinson, the founder of Cardano’s company ‘IOHK’, posted a photo of himself next to a SpaceX rocket.
He also mentioned a “big deal” was coming, which made many people think there might be a collaboration between them…
