Cardano’s price recently increased by 8%, reaching 0.76 USD, while still below the March peak of 1.18 USD. This surge is partly due to speculative interest following high-profile events and potential new investments in the cryptocurrency.

The involvement of Donald Trump Jr. At the upcoming DC Blockchain Summit, alongside notable figures in the crypto space, has heightened interest in ADA, leading many to anticipate future price increases as new stablecoin projects emerge.

The expected listing of a USD-pegged stablecoin on Cardano could substantially boost demand for ADA. Combined with ongoing improvements in its DeFi offerings, these developments suggest a promising outlook for ADA.