Cardano Up 13% As Speculation Around Charles Hoskinson As Trump Policy Advisor Crypto – Grayscale Ethereum Mini Trust (ETH) Common Shares Undivided Interest (ARCA:ETH)

There have been speculations about Charles Hoskinsonco-founder of Ethereum ETH/USD and Cardano ADA/USDwhich may serve as a cryptocurrency policy advisor to the presidential administration Donald Trump.

What happened: This theory comes after recent reports and statements from various people within the crypto community, suggesting a possible alignment between Hoskinson and the olo Trump, especially with Trump’s recent activities in the cryptocurrency space.

When did the noise start? Rick McCrackena prominent figure in the Cardano community, expressed hope on X (formerly Twitter) that the Trump-Vance administration could hire Hoskinson for such a role.

This suggestion is not random; Hoskinson once gave permission Robert F. Kennedy Jr.who has joined Trump’s team, indicating a possible path for negotiations or cooperation.

Hoskinson, who is known for his vocal criticism of the current crypto regulatory policy, has often highlighted the lack of clear regulation and what he sees as a hostile environment against the crypto industry.

His approval of RFK Jr. it was seen as a move to support candidates promising a change in policy direction, focused on healing national divisions and promoting economic freedom through technological means.

The crypto community’s interest in Hoskinson’s potential advisory role stems from his deep involvement in blockchain technology and his advocacy for a regulatory environment that fosters innovation rather than stifles it.

His comments can be very important, especially when the Trump family made recent financial projects (DeFi), which shows a more crypto-friendly attitude from the former president.

However, the road to such a meeting is not without obstacles.

Hoskinson’s criticism of both major political parties for their handling of crypto laws suggests that any advisory role will come with the prospect of pushing for major policy changes.

This may mean navigating a complex political process where crypto laws are concerned, balancing between innovation and security.

Also Read: Bitcoin To $200,000, Ethereum To $10,000 And Crypto Market Cap To 4X By End Of 2025, Says Standard Chartered

The discussion appears as a natural sign of Cardano ADA has restored its position as the ninth largest cryptocurrency, and the seventh-largest excluding stablecoins like. Tether USDT/USD and USDC USDC/USD.

The indicator has shown great momentum, up to 13% in the last 24 hours and 30% in the last 30 days, breaking above important technical resistance levels that have been closely watched by analysts market, according to a crypto analyst.

A technical analysis of ADA’s current movement shows similarities to previous market cycles, especially regarding Bitcoin halving events.

Market data shows that ADA is currently trading approximately 201 days after the latest Bitcoin BTC/USD Half, compared to the same burst pattern seen in the previous cycle at 193 days after hatching.

The stock has shown a notable divergence from its 20-day moving average, currently showing a 14% divergence.

Important resistance levels are identified at $0.47, in line with the 50-week average, while analysts have defined targets that may move to $0.60-0.70 based on recent trends.

The timing of these predictions couldn’t be more surprising, especially with Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

This event can serve as a platform for discussions or other announcements about the intersection of crypto-currency and US policy, which can provide insight into how figures like Hoskinson can affect or be influenced by political decisions. .

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