Cardano (ADA) had dropped to the $0.58 level from around the $0.82 level, marking over 30% dip in the last week. But, this digital asset has found its footing again after Trump announced its inclusion in the U.S Crypto Reserve.
Besides ADA, Trump’s confirmed Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Ripple (XRP) will be part of the crypto reserve. Following the news, the crypto market experienced a much needed bubble which pushed Bitcoin above the $90K level, reaching above $94,000.
The altcoins ETH, SOL and XRP also pumped with SOL jumping to $168 from $140, while XRP saw a surge of $44B in market cap. However, ADA took the spotlight recording over 60% pump.
Why SOL, XRP and ADA are Set To Feature In The U.S Crypto Reserve?
During his White House press conference yesterday (March. 2, 2025), Trump revealed ADA, XRP and SOL would be part of the U.S. crypto reserve. This reserve is set to serve as a strategic development tool for domestic crypto innovation. But why SOL, XRP and ADA?
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These particular tokens stand out because they have substantial connections with the United States. The headquarters of Ripple are based in San Francisco, while Solana maintains its primary activities in the United States. Cardano, on the other hand, supports its global operations from the U.S through the Input Output Global (IOG) offices. Additionally, it also has some strategic partnerships and a strong presence in the US.
The strong association with the U.S seems to have influenced the selection of these cryptocurrencies. President Donald Trump aims to establish U.S. dominance across the digital asset market hence the selection. His announcement stands out as a major point of interest for investors, but ADA has shown the highest reaction towards the news.
ADA Price Performance After Trump’s Crypto Reserve Naming
Cardano’s native token ADA recorded over 60% surge after the U.S president Donald Trump named it for inclusion in the crypto reserve. This surge was recorded after the price of ADA moved from $0.6468 to $1.2891 upon the news, hence outperforming all the other coins named alongside it.
However, the price of ADA has retracted back to $0.9534 according to data on Coinmarketcap. The current price level shows a significant surge of 43.54% on the day and depicts the immense potential possessed by ADA.
Trading activity around ADA has also skyrocketed by 1684.72% in the last 24 hours. Currently, ADA has a trading volume of $10.27 Billion depicting increased attractiveness for this coin.
On the other hand, Cardano has achieved a significant milestone by flipping Dogecoin for the number #8 spot in coin ranking based on market capitalization. ADA now has a market cap of $33.57 billion above DOGE which sits around the $32 billion level.
Will ADA Achieve The $100 Mark Upon Inclusion in the Crypto Reserve?
After the recent rally put up by Cardano, crypto traders are wondering whether ADA will reach the $100 in the current cycle. With the coin gaining a lot of attention this milestone could be achieved. However, it might take a bit of time for ADA to surge to $100.
Furthermore, the US Strategic Crypto Reserve will not become a reality overnight. Instead, the following processes must be followed despite Trump signing an executive order. First, Congress will have to draft, debate, and pass the legislation. Then the bill must define which cryptos are included and their weightings. After that funding sources will be allocated.
Agencies like the SEC, CFTC, and Treasury will then establish compliance rules. If the bill is rejected in Congress, the strategic reserve will not be actualized. However, the market remains optimistic and is keeping an eye on what happens moving forward in regards to the US crypto reserve.
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