Cardano Surges As Upgrade Looms And Bitcoin Becomes A Topic In US Elections

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Last Updated on 17 January 2022 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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As Bitcoin steadies at around $43k and awaits market guidance to see if last week’s predicted new target can be reached, the world’s biggest crypto coin looks set to dominate US politics in 2022. Both in Ohio and Florida, Republican candidates are vowing to make their state crypto friendly.

It comes as the threat of regulation still hangs over the cryptosphere.

In the CoinMarketCap top 100 meanwhile, the winner of the past weekend among the major coins was notably Cardano, which has now gained more than 34% over the past week. And the Cardano price is up almost 14% today.

It comes as an another big upgrade, the launch of Sundae Swap, is coming this Thursday, January 20. The official announcement declares that:

Yield farming will be available for at least the first six months of the SundaeSwap DEX, and during this period, LP tokens staked to yield farming contracts in eligible pools can earn additional SUNDAE rewards.

Cardano founder Charles Hoskinson declared that:

We had to rewrite the software three times; there were major changes in architecture and vendors. There were approaches taken that didn’t work out; there were, of course, delays.

Fans of the coin believe that Cardano now seems ready to challenge Ethereum even.

Advertentie.

Crypto enters Midterms

The popular comedy show Saturday Night Live started its 2022 edition with a mock speech by President Joe Biden in which he blamed the popularity of the new Spiderman movie for the rapid spread of Omicron which in turn had downed his popularity ratings. Funny.

Of course, if Biden wanted to be popular, all he would have to do is turn to promoting Bitcoin or other cryptocurrencies apparently. A lengthy overview article in Politico this weekend showed that the upcoming Midterm Elections will not only feature the classic topics like economy and immigration, but also whether or not to legalize cryptocurrencies, as they are a growing topic of interest for many Americans.

Politicians in the US congress have seen how the popularity of new mayors like Democrat Eric Adams of New York and Republican Francis Suarez of Miami has coincided with them speaking positively about cryptocurrencies. Their respective cities embrace crypto as a way to attract attention, and bring new, high paying jobs from a still developing industry.

A highly interesting quote from the Politico article showed that:

Congressional staffers from both parties want help drafting pro-crypto tweets for their bosses, who see that the subject can generate frenzied social media engagement.

Republicans seem to have the advantage somewhat in the Senate, as the quite popular Wyoming Senator Cynthia Lummis is seen as inspiring by Bitcoin Maxis. The grandmother has been a Bitcoin HODLer since 2013 and promotes cryptocurrencies whenever she can. With all this going on, don’t be surprised if Bitcoin regulation becomes a heated topic in the Midterms later this year.