<ul><li>Cardano's ADA has experienced a significant rally, increasing by approximately 93% in the past week.</li><li>The rally can be attributed to multiple factors, including a recent announcement by Cardano's founder Charles Hoskinson, where he discussed plans to collaborate with US policymakers for a more favorable regulatory framework.</li><li>The overall resurgence of the cryptocurrency market and rising total value locked (TVL) on the Cardano ecosystem also contributed to the ADA price increase.</li><li>Over 60% of ADA holders are currently sitting on paper profits, a significant improvement compared to August when almost 90% were underwater.</li></ul>

The Reasons Why the Cardano (ADA) Price is Up Almost 100% in a Week

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