Crypto market bounces back: Cardano, KAITO, and Dohrnii (DHN) top today’s gainers

The cryptocurrency market is witnessing a robust rebound, with Cardano (ADA), KAITO, and Dohrnii (DHN) emerging as standout performers.

Cardano has soared 64% from its recent low, fueled by regulatory optimism, while KAITO’s 22.7% surge reflects strong buying pressure.

Meanwhile, Dohrnii has skyrocketed 118.1%, driven by explosive trading volume.

As the market regains momentum, these three assets highlight diverse catalysts—from policy anticipation to ecosystem growth—propelling their impressive gains today.

Cardano (ADA) rides high on White House Crypto Summit buzz

Cardano’s price hit an intraday high of $1.02 before stabilizing at $0.9384 at press time, marking a 13% increase in the last 24 hours and a 64% recovery from its $0.57 low.

Notably, the price of ADA hit a high of $1.18 on March 2, before pulling back slightly after the RSI entered the overbought region.

The pullback is now completed and bulls seems to have regained control.

The primary driver for this market recovery is the upcoming White House Crypto Summit on March 7, 2025, hosted by President Donald Trump.

This first-of-its-kind event has sparked excitement across the industry, particularly with Cardano named in Trump’s proposed US Strategic Crypto Reserve alongside heavyweights like Bitcoin and Ethereum.

The summit promises discussions on regulatory clarity, a topic that has long influenced crypto markets.

Investors are betting on a pro-crypto shift, especially given the potential attendance of Cardano founder Charles Hoskinson.

This anticipation has traders positioning themselves early, pushing ADA’s price toward the $1.20 resistance level, with technical analysis suggesting a possible climb to $3.20 if momentum holds.

Cardano price chart by TradingView

Beyond policy hype, Cardano’s fundamentals are shining.

Its Total Value Locked (TVL) in decentralized finance (DeFi) has surged 52% in six days, reaching $408 million, according to DeFiLlama.

Protocols like Indigo, Liqwidi, and MinSwap are leading this growth, reflecting rising adoption.

With open interest up by $325 million and a negative funding rate hinting at a short squeeze, Cardano’s rally blends external optimism with internal strength.

KAITO gains traction amid Upbit listing

KAITO, an AI-based virtual asset data platform, is also making waves, trading at $1.88 after a 22.7% jump in the last 24 hours.

The token surged from $1.45 to an intraday high of $2.00, showcasing a massive green candle that signals intense buying pressure.

This breakout follows a period of consolidation, hinting at either a continuation of its upward trend or an impending retracement.

Among the factors behind the current KAITO price surge is the new of South Korea’s largest exchange, Upbit, adding KAITO trading pairs in KRW, BTC, and USDT, which amplifies the token’s visibility.

This listing has contributed to the heightened activity, as traders flock to capitalize on the token’s momentum.

Also, with a market cap of $454.3 million and a circulating supply of just 241.4 million out of 1 billion total, KAITO’s scarcity may be fueling its rapid ascent.

The token’s volatility is however notable, with a 24-hour range between $1.46 and $2.17.

Analysts suggest watching volume spikes, as high activity on dips could indicate accumulation for another leg up.

Notably, while KAITO’s 7-day performance shows an 8.1% dip, today’s surge underscores its potential as a short-term market darling, riding the broader crypto rebound.

Dohrnii (DHN) skyrockets with explosive volume

While Cardano (ADA) and KAITO have seen double digit gains, Dohrnii (DHN) steals the spotlight with a staggering 118.1% surge in 24 hours, reaching $25.53 and hitting an all-time high of $26.74.

This dramatic rise has pushed KAITO’s fully diluted valuation to $9.58 billion, though its market cap sits at $441.1 million due to a limited circulating supply of 17.07 million out of 372 million tokens.

The disparity highlights intense demand for the available coins.

KAIOT’s trading volume has exploded by 248.8%, reaching $9.6 million, with high activity across platforms like Uniswap, MEXC, and BitMart.

This spike reflects a frenzy of interest, likely driven by ecosystem developments or speculative fervor.

Over the past week, DHN has gained 176.8%, and its 30-day performance boasts a 1465.2% increase, marking it as one of the market’s most explosive assets.

The question now is sustainability.

Dohrnii’s momentum is undeniable, with its price more than doubling from a 24-hour low of $11.53.

Such rapid gains often precede corrections, and traders are advised to monitor volume trends and upcoming updates.

For now, DHN exemplifies the wild upside potential fueling today’s crypto rebound, contrasting with Cardano and KAITO’s more measured catalysts.

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