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Cardano Dominates DeFi? ChatGPT Sees ADA at $20 If Bitcoin Joins In

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  • If Cardano emerges as Bitcoin’s primary DeFi layer by 2030, its market capitalization could potentially reach $1 trillion.
  • With an estimated circulating supply of 50 billion ADA, the token’s price could rise to the $10–$20 range.
  • Cardano could rival Ethereum in TVL, emerge as a frontrunner in smart contracts, and deliver a superior DeFi user experience.

A bold prediction lit up the Cardano community this week, as hopes surfaced for a dramatic price surge. On April 17, Altcoin Oracle, a delegated representative (DRep) in Cardano’s new governance system, shared a forecast that quickly gained traction. He projected ADA could soar to $20, marking a potential gain of over 3,144% from its current level.

The forecast followed an analysis Altcoin Oracle conducted using ChatGPT, exploring ADA’s potential if it becomes the leading network for Bitcoin-based DeFi. The idea builds on a growing connection between Cardano and Bitcoin that started gaining momentum last year.

In 2024, EMURGO, the team behind Cardano, collaborated with BitcoinOS to bring DeFi tools to Bitcoin using its smart contract features. Cardano’s founder, Charles Hoskinson, called this initiative as the top priority for the year. The objective is to unlock Bitcoin’s $1.6 trillion in liquidity and integrate it into the ecosystem.

Cardano (ADA) Could Soar With Adoption

If this vision materializes, Bitcoin holders could gain access to lending, borrowing, and yield-earning platforms powered by Cardano’s infrastructure. Altcoin Oracle’s post wasn’t only focused on technology, it also addressed ADA’s long-term price potential. He asked ChatGPT to calculate ADA’s future value if Cardano dominates Bitcoin-based DeFi by 2030.

ChatGPT projected ADA’s market cap could rise between $500 billion and $1 trillion, driven by increasing institutional interest in DeFi. Such inflows could push ADA’s price to between $10 and $20, depending on the circulating supply.

If the supply stays fixed at 35.28 billion ADA, the price could go even higher—ranging from $14 to $28. That would mark a massive gain for anyone holding ADA today.

Cardano
Source: Altcoin Oracle

From “Ghost Chain” to Ethereum’s Rival?

Additionally, critics often called Cardano a “ghost chain,” pointing to the lack of developers building on the network. But the vision shared in this prediction turns that around completely. 

If DeFi on Bitcoin takes off through Cardano, it could stand toe-to-toe with Ethereum. ChatGPT even forecasted that ADA could rival Ethereum in both the number of apps built and the total value locked in those apps.

As of now, ADA trades at $0.6166, down slightly by 0.50% in the last 24 hours. Signs of whale accumulation are starting to appear, and the market seems to be consolidating between $0.51 and $0.77, possibly preparing for its next significant move.

ADAUSD 2025 04 18 18 30 33
Source: Trading View

ADA faces resistance at $0.6890 and $0.7154, based on its 50- and 200-day moving averages. TThe 50-day moving average acts as a immediate resistance, but momentum indicators suggest ADA may be oversold, potentially triggering a short-term bounce.

Related Readings | Ethereum Faces Extreme Fear: Is Now the Time to Invest for Massive Gains?

Cardano Dips but Analysts See a 2024-Like Rally Forming – What’s Next?

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  • Cardano is down 3.53% at $0.6581, with trading volume dropping over 20% to $517.32M.
  • Whales have accumulated 240 million ADA, pushing total holdings to 3.27 billion tokens.
  • Analyst sees a potential breakout in May, possibly driving ADA’s price toward $2.5.

Cardano (ADA) is trading at $0.6581, down 3.53% in the last 24 hours, with trading volume declining over 20% to $517.32 million. Despite this sluggish performance, some analysts believe a significant rally is forming, drawing comparisons to 2024 price patterns.

Crypto analyst Master Kenobi sees similarities between ADA’s current market behavior and its 2024 price action. He points out that, in August last year, Cardano dipped before entering a long consolidation phase. A similar trend is now unfolding following ADA’s drop to $0.49 in early February.

“ADA is currently in a consolidation phase that resembles its behavior from August-September 2024,” Kenobi noted. He added that the lack of new lows since February 3 mirrors the stability seen in the previous cycle.

If this pattern holds, he suggests a breakout could happen in May. “May could bring a massive pump, potentially pushing the price toward $2.5,” Kenobi predicted.

ADA 1
Source: Master Kenobi

Cardano Whale Activity Fuels Optimism

Signs of growing interest among large investors are reinforcing the bullish sentiment. Crypto analyst Ali Martinez revealed in a March 25 post that whales have purchased 240 million ADA tokens over the past week.

According to data from Santiment, total whale holdings now stand at 3.27 billion ADA. This level of accumulation is often seen as a signal of a potential price surge, as large holders tend to buy ahead of major moves.

ADA 2
Source: Ali_Charts

Meanwhile, Cardano continues to struggle beneath the key psychological resistance of $0.70. Its price is consolidating, showing a bearish bias, and technical indicators do not yet confirm a strong reversal. The Relative Strength Index (RSI) sits at 37.49, pointing to oversold conditions. Additionally, the MACD shows a negative crossover at -0.0183, suggesting continued selling pressure.

Key Support and Resistance Levels to Watch

Technical levels remain crucial for traders looking for confirmation of a breakout. Immediate support is at $0.6545, and a breakdown below this could send prices tumbling toward $0.5778. On the upside, resistance is set at $0.7030, with a stronger barrier near $0.7545. The pivot point at $0.6824 is a critical zone that could determine the short-term trend.

ADA
Source: Mosesifunanya

Crypto analyst Mosesifunanya at CoinMarketCap warns traders to remain cautious. He advises that bearish entries below $0.6539 could target $0.6333, while bullish positions should only be considered after a confirmed break above $0.7030.

Adding to the cautious outlook, derivatives data suggests waning speculative interest. Open interest in Cardano futures has dropped 4.54% to $771.41 million. Additionally, recent liquidations have totaled $3.19 million in the last 24 hours, with $3 million coming from long positions. This indicates that bullish traders have been caught off guard by recent declines.

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Cardano (ADA) Flashes Bullish Flag Pattern, $1.80 Price Target Now in Sight

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  • Crypto analyst Lucky Luciano predicts Cardano could break out, targeting $1.30 to $1.80 levels.
  • Whales accumulated 240M ADA, increasing total holdings to 3.27B, signaling strong investor confidence.
  • ADA trading at $0.7698, eyeing $0.7923 EMA resistance; RSI at 52.27 hints at bullish momentum.

Cardano (ADA) is flashing signs of a potential major move, with prominent market watchers hinting at a bullish breakout. Crypto analyst Lucky Luciano, who boasts 2.2 million followers, shared an optimistic take on ADA, citing strong fundamentals and increasing adoption.

Luciano’s analysis points to ADA forming a bullish flag pattern, a technical setup that often precedes a price surge. Historically, ADA has faced resistance at the upper boundary of this pattern, but a successful breakout could see the token pushing towards the $1.30 level. If momentum holds, it may even extend gains to $1.80.

ADA
Source: Lucky Luciano

Adding to this bullish narrative, crypto analyst Ali Martinez revealed that whales have been aggressively accumulating ADA tokens. Over the past week alone, large investors have purchased 240 million ADA tokens, pushing total whale holdings to 3.27 billion. The growing interest from these major players indicates confidence in Cardano’s future price performance.

Cardano’s Current Price Action & Levels to Watch

At present, Cardano is trading at $0.7698, marking a 3.37% increase for the day. The daily trading volume has also surged by 7.58% to $1.02 billion, reflecting heightened investor interest. Over the past seven days, ADA has gained 7.33%, with its market capitalization now standing at $2.06 billion.

From a technical standpoint, ADA is attempting to break above the 100-day Exponential Moving Average (EMA), currently positioned at $0.7923. This level has been a crucial resistance point in recent weeks. A successful move past this threshold could open the door for ADA to test the $0.9706 resistance, a key level last seen in early March.

On the downside, ADA has shown resilience, maintaining support above $0.60. This suggests strong accumulation at lower levels, reinforcing the idea that investors are buying in anticipation of an upward move.

ADAUSD 2025 03 26 15 46 17
Source: Trading View

Momentum Indicators Hint at a Bullish Shift

Momentum indicators further support the case for a potential ADA rally. The Relative Strength Index (RSI) currently sits at 52.27, slightly favoring the bulls but still in neutral territory. If the RSI moves above 55–60 in the coming days, it could confirm a stronger bullish trend.

Additionally, the Moving Average Convergence Divergence (MACD) indicator is showing early signs of a bullish crossover. The MACD line has overtaken the signal line, while histogram bars have started turning green. This shift indicates a possible trend reversal after a period of consolidation.

With both the RSI and MACD hinting at growing momentum, traders are watching for a confirmed close above the $0.79–$0.80 range. If ADA breaks through this resistance, the next target zone could range from $0.90 to $0.97, potentially setting the stage for a move beyond $1.

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Charles Hoskinson Dismisses Accusations of Cardano’s Centralization

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  • Charles Hoskinson dismissed claims that Cardano is controlled by three entities.
  • Critics argued that the Cardano Foundation, IOG, and Emurgo control the blockchain.
  • Hoskinson stated that misinformation about Cardano will continue for years.

Charles Hoskinson has dismissed claims that Cardano is heavily centralized and controlled by a few entities. Critics recently argued that Cardano is under the control of the Cardano Foundation, Input Output Global (IOG), and Emurgo. Hoskinson stated that misinformation about Cardano will persist for years, despite efforts to correct it.

Cardano Founder Rejects Decentralization Criticism

Cadano faced criticism for its decentralized structure problems which resulted in many doubting its superiority against Bitcoin. The system operates independently yet Cardano submits to oversight from three specified organizational bodies. Hoskinson disputed these false allegations while showing his irritation toward ongoing true or false statements about his project.

According to him fixing false statements needs an extended period and substantial monetary investment. The speed of misinformation spread along with its length in years needed to counteract it poses significant ongoing problems for the Cardano project according to Hoskinson. The blockchain community will keep discussing Cardano’s decentralization even though Hoskinson expects these issues to persist.

In his position Hoskinson maintained his position that Cardano functions as a decentralized blockchain network. Hoskinson noted that skeptics have launched the same diagnosis against Cardano throughout numerous previous seasons. The same explanations do not stop incorrect information from recurring in his opinion.

Hoskinson Says Misinformation About Cardano Persists

Hoskinson believes critics will maintain their opposition against Cardano’s decentralization up until the year 2030. False information about blockchain systems proves extremely stubborn to disprove whatever scientific evidence becomes available. The technical elements which establish decentralized governance escape the notice of critics according to his assessment.

The founder of Cardano has often discussed the project’s strong focus on decentralized operations. According to Charles Hoskinson Cardano operates through a system where no one entity can monopolize control due to its network design along with governance mechanisms. He persists in his belief that Cardano’s future vision together with its operational integrity remains secure despite encountering criticism.

Throughout his discussions, Hoskinson has stressed many times that blockchain critics fail to accurately understand the functional properties of decentralized governance. Many people do not grasp how Cardano operates as a decentralized system according to his belief. He states that more time will reveal Cardano’s true operational independence in the face of spreading misinformation.

Hoskinson recently provided surprising comments about XRP by describing it as a powerful, enduring technology. His remarks about XRP came as a surprise to XRP holders as well as Ripple CTO David Schwartz. The reference to XRP as a standard for global use prompted disbelief from David Schwartz.

He explained to the public that researching the XRP system code and protocol strengthened his admiration for its capabilities. XRP demonstrated strong survival through various market cycles, making a positive impression on the Cardano founder. The XRP community dedicated itself to effective support throughout multiple tests and challenges. Ripple’s CTO felt astonishment after reading Hoskinson’s statements because he expected a negative position regarding XRP from him. 

XRP, SOL, ADA in Government? Deaton Slams SEC Role Speculations

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  • The SEC has not issued any official statement on the roles of XRP, SOL, and ADA in the government.
  • Reports falsely claimed that the SEC recognized XRP for state-level financial transactions and interbank liquidity.
  • A “Comprehensive Proposal” document on XRP was a submitted proposal and not an official SEC statement.

The US Securities and Exchange Commission (SEC) has not released any official statement on the roles of XRP, Solana (SOL), and Cardano (ADA) in the government. Reports suggested that the SEC acknowledged these assets’ potential use under the Trump administration, but XRP lawyer John Deaton dismissed these claims. The controversy highlights the need for reliable sources and official statements before accepting speculative information.

John Deaton Denies SEC XRP Recognition

Multiple reports revealed that the SEC recognized XRP holds characteristics suitable for implementing state-level financial transactions. The reports stated XRP will accelerate state payment processes and enhance liquidity between banking institutions. John Deaton rejected the reports because the SEC has never formally declared XRP suitable for financial transaction use.

Reports disclosed that the SEC had ruled the XRP digital asset as an essential financial healthcare element for the United States nation. A document named “Comprehensive Proposal: XRP as a Strategic Financial Asset for the US” was discovered on the SEC official website by scientific researchers. The analysis contained within the document that had been submitted to the SEC was not considered an official SEC document by Deaton.

The incorrect XRP statement in the crypto world caused experts to start analyzing its real legitimacy. In the beginning, the crypto community thought the SEC formally authorized XRP for financial transactions. In his interview, Deaton confirmed that the regulatory body has made no official announcement regarding this topic.

SEC Has Not Approved SOL for State Use

According to official statements, the SEC chose SOL because this blockchain technology supported swift operations necessary for government functions. Solana (SOL) reportedly enters into instant database systems to establish protected voting platforms that incorporate digital identity solutions. Deaton did not support the claims since he pointed out that the SEC had not made any official declaration of this type.

The reports explained that the SEC wanted SOL to enhance the protection features and operational efficiency of state-level digital systems. The reports indicated to many people that Solana was pursuing potential opportunities in government work with blockchain systems. The Securities and Exchange Commission has not made any statement regarding SOL’s involvement in state-level applications.

The unverified news transmission caused SOL investors and blockchain platform developer uncertainty. Investors developed the belief that Solana would secure a place in the United States digital infrastructure projects. Deaton proved the critical need for investors to validate their data by checking official, credible sources.

Deaton Clarifies ADA Government Role Misconception

ADA has received approval from the SEC according to multiple sources which allows it to authenticate degrees perform smart contracts operations and manage infrastructure securely. These reports indicate that the implementation of the ADA blockchain allows governments to provide services through secure platforms that maintain safe data along with operational efficiency. The SEC has not released any formal stance regarding using ADA, according to Deaton.

A supposedly unofficial SEC document stated that the ADA served as a security system for identity verification. The declaration prompted numerous readers to confirm that Cardano had sufficiently demonstrated readiness to handle governmental software projects. However, the United States Securities and Exchange Commission has failed to disclose official information about ADA system deployment in its work.

The cryptocurrency market began to expect more about ADA because people misunderstood its standing. Investors and blockchain users sought to understand whether Cardano had secured official recognition from the government. According to Deaton the SEC has released no official statement regarding Cardano, which disproves all wrong information.

Trump’s Crypto Hitlist: XRP, ADA, SOL Set to Explode

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  • XRP, ADA, SOL dominate! Are these the ultimate winners of US crypto policy.
  • Trump’s crypto reserve: Forget memecoins; these projects are the real contenders.
  • White House invites revealed: These projects are primed for massive growth.

CryptoRank.io’s latest insights reveal the BIG Winners of Trump’s U.S. Crypto Policy, identifying tokens with strong domestic roots or seen as being aligned with US interests. Leading altcoins such as XRP, Cardano’s ADA, and SOL emerge as clear favorites, thriving amidst policy shifts. AVAX lingers, awaiting formal recognition, while SUI, FIL, APT, NEAR, and MOVE gain significant momentum following White House invitations.

These observations are based on those cryptocurrencies that have been publicly mentioned by Donald Trump and the recent developments supporting the projects. Proponents suggest that these projects, having engaged directly with policymakers, stand to gain preferential treatment and regulatory clarity.

Trump
Trump's Crypto Hitlist: XRP, ADA, SOL Set to Explode 9

The infographic also highlights potential candidates for a strategic crypto reserve. While memecoins like BONK and TRUMP grab headlines, established projects like LINK, Litecoin’s LTC, DOT, and Hedera’s HBAR are considered stronger contenders due to their technological robustness and real-world utility. The “Made in USA” category highlights projects like ALGO, GRT, and MINA, suggesting a focus on fostering domestic innovation.

Furthermore, the chart indicates which projects have sought ETF applications, adding another layer to the policy winners’ narrative. BTC and ETH remain the central focus, with XRP, ADA, and SOL cementing their positions as cornerstones of the evolving U.S. crypto policy.

Inside Trump’s Exclusive White House Summit

The infographic serves as a valuable resource for investors seeking to navigate the complex regulatory environment and identify projects with strong growth potential.

Meanwhile, Trump is set to host several crypto industry executives at the White House Crypto Summit on March 7. As per information shared by Fox Business reporter Eleanor Terret, the list of attendees will be reportedly exclusive, not more than 25 individuals.

The confirmed list of attendees includes Strategy founder Michael Saylor, Bitcoin Magazine CEO David Bailey, Paradigm co-founder Matt Huang, Exodus CEO J.P. Richardson, Multicoin Capital co-founder Kyle Samani, World Liberty Financial co-founder Zach Witkoff, Chainlink co-founder Sergey Nazarov, Coinbase CEO Brian Armstrong, Robinhood CEO Vlad Tenev and Kraken CEO Arjun Sethi.

Trump’s Crypto Reserve Could Reshape the Market—Or Wreck It

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  • Samson Mow warns Trump’s crypto reserve tokens XRP, SOL, and ADA, calling them speculation-driven picks.
  • Unregulated selection of tokens could lead to political favoritism and insider trading.
  • Mow urges Trump to focus on proof-of-work assets like BTC, LTC, and XMR to avoid market distortion.

Donald Trump’s ambitious crypto reserve could transform the financial landscape—only if it’s executed with precision. Industry veteran and Bitcoin maxi Samson Mow has warned that including speculative altcoins like XRP, SOL, and ADA could create rooms for manipulation rather than stability.

Mow who is also the CEO of Jan3, argues that without a structured strategy, the reserve could fall prey to lobbyists and insiders, similar to the recent controversy around the Trump memecoin. If political influence dictates token selection, it could trigger massive price swings, erode trust, and undermine the entire crypto ecosystem.

Trump
Trump’s Crypto Reserve Could Reshape the Market—Or Wreck It 11

The top exec urged the administration to focus on proof-of-work assets like Bitcoin (BTC), Litecoin (LTC), and Monero (XMR), which offer resilience against centralized control and speculative hype. By prioritizing these, Trump’s reserve could position the U.S. as a serious player in decentralized finance rather than fueling short-term speculation.

However, if the reserve lacks transparency and oversight, Mow warns that it could push the U.S. into “degeneracy like never before.” The stakes are high—this move could either accelerate Bitcoin’s mainstream adoption or create a chaotic mess of insider trading and political favoritism.

From Trump’s Move To Bitcoin’s Price Puzzle: Is the Market Rigged?

Is Trump’s crypto plan a genius move or a market disaster in the making? The next steps could determine the future of crypto in the U.S.

Earlier, Mow suggested that Bitcoin’s (BTC) recent price consolidation appears manufactured. Speaking at Consensus Hong Kong 2025, Mow noted that BTC has peaked and remained in a tight trading range, which “doesn’t look natural.”

He added that despite strong institutional and retail accumulation, including U.S. spot Bitcoin ETFs and Strategy buying more BTC than is mined daily, BTC’s price remains stagnant.

Mow argued that significant selling pressure is counteracting this demand. He also pointed to FTX Exchange’s ongoing creditor repayments, which are based on BTC’S 2022 price of around $20,000, as a possible factor adding to selling pressure.

XRP’s 34% Surge Sets Stage for Massive Rally—Analyst Eyes $77

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  • XRP surgеd 34% to $2.96 bеforе sеttling аt $2.80, with trаding volumе soаring 502.71% to $19.33 billion.
  • Donald Trump’s stаtеmеnt on XRP, ADA, аnd SOL in US Crypto Rеsеrvе fuеlеd mаrkеt spеculаtion.
  • Anаlyst Dark Defender prеdicts XRP could hit $77.7, mаrking а 2,650% surgе if kеy lеvеls brеаk.

XRP mаdе wаvеs todаy with а drаmаtic pricе jump of 34%, soаring from $2.20 to а pеаk of $2.96 bеforе sеttling аt $2.80. Thе surgе pushеd its onе-dаy trаding volumе up by аn аstonishing 502.71% to $19.33 billion, rеflеcting hеightеnеd invеstor аctivity. At thе sаmе timе, XRP Futurеs Opеn Intеrеst spikеd 30.47% to $4.15 billion, its highеst lеvеl sincе еаrly Fеbruаry, signаling rеnеwеd trаdеr confidеncе.

XRP 1D graph coinmarketcap 24
Source: CoinMarketCap

Thе suddеn rаlly coincidеs with а bold stаtеmеnt from Donald Trump rеgаrding thе US Crypto Rеsеrvе. Trump’s post on Truth Sociаl fuеlеd spеculаtion аftеr hе mеntionеd thе possibility of аdding XRP, ADA, аnd SOL аlongsidе Bitcoin аnd Ethеrеum. Thаt stаtеmеnt triggеrеd intеnsе dеbаtе bеtwееn Bitcoin аnd Ripplе supportеrs, furthеr еnеrgizing mаrkеt sеntimеnt.

XRP’s Path to $77.7 Gains Momentum

As XRP’s momеntum builds, somе аnаlysts аrе еyеing much biggеr numbеrs. Crypto analyst Dark Defender hаs lаid out аn аmbitious roаdmаp, prеdicting thаt XRP could climb to а jаw-dropping $77.7 in thе mid-tеrm. If rеаlizеd, thаt would mаrk а stаggеring 2,650% incrеаsе from currеnt lеvеls.

His projеction is bаsеd on Elliott Wаvе thеory аnd Fibonаcci еxtеnsions, which indicаtе thаt thе cryptocurrеncy hаs еntеrеd thе third wаvе of its cyclе—а phаsе historicаlly known for rаpid pricе аccеlеrаtion. Thе аnаlysis suggеsts thаt if XRP clеаrs kеy rеsistаncе points аt $5.85 аnd $8.03, thе nеxt significаnt lеvеl to wаtch is $18.22, аligning with а 3.618 Fibonаcci еxtеnsion.

Aftеr rеаching $18.22, а briеf corrеction could follow bеforе thе most еxplosivе phаsе—thе fifth wаvе—potеntiаlly cаtаpulting thе cryptocurrеncy towаrd $77.7. Whilе аmbitious, thаt tаrgеt hаs ignitеd spеculаtion аmong trаdеrs аnd long-tеrm invеstors.

XRP 1
Source: Dark Defender

Critical Support Levels Hold the Key

Dеspitе thе bullish еxcitеmеnt, Dark Defender wаrns thаt thе cryptocurrеncy must mаintаin criticаl support lеvеls to sustаin its uptrеnd. Kеy zonеs аt $2.60 аnd $2.77 аrе аcting аs rеаccumulаtion аrеаs whеrе buyеrs mаy stеp in to rеinforcе momеntum. If it holds аbovе thosе lеvеls, thе broаdеr bullish outlook rеmаins intаct. Howеvеr, а fаilurе to sustаin support could triggеr tеmporаry pullbаcks, potеntiаlly dеlаying thе nеxt upwаrd surgе.

Tеchnicаl indicаtors furthеr strеngthеn thе cаsе for аn еxtеndеd rаlly. Thе Rеlаtivе Strеngth Indеx (RSI) shows аn uptick in buying prеssurе, hinting аt а bullish divеrgеncе. Morеovеr, XRP is currеntly trаding аbovе thе Ichimoku cloud, а kеy trеnd-strеngth indicаtor. Mаintаining thаt position could significаntly incrеаsе thе probаbility of sustаinеd upwаrd momеntum.

Whilе thе mаrkеt buzzеs with spеculаtion, thе cryptocurrеncy rеmаins аt а cruciаl turning point. Trаdеrs аnd invеstors аrе closеly wаtching whеthеr thе digitаl аssеt cаn sustаin its gаins аnd brеаk through rеsistаncе lеvеls or fаcе а short-tеrm cooldown bеforе аnothеr lеg up.

Related Readings | Bitcoin’s Dominance Dips Below 50% as Trump’s Crypto Reserve Shocks Markets

Peter Schiff Questions XRP in U.S. Crypto Reserve Amid Debate

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  • The U.S. government announced the creation of a Strategic Crypto Reserve.
  • The reserve includes Bitcoin, XRP, ETH, SOL, and ADA, surprising many.
  • Peter Schiff criticized the inclusion of XRP in the national reserve.

The U.S. government’s decision to establish a Strategic Crypto Reserve has sparked debate in the financial sector. President Donald Trump announced the initiative would include Bitcoin and altcoins like XRP, ETH, SOL, and ADA. The decision led to a market rally, but economist Peter Schiff criticized the inclusion of XRP in the reserve.

U.S. Crypto Reserve Plan

The Strategic U.S. Crypto Reserve aims to strengthen the country’s position in digital assets. Initially planned to include only Bitcoin, the reserve now incorporates major altcoins, broadening its scope. Trump’s announcement led to Bitcoin surging over 10%, with XRP rising 40% and other altcoins also posting gains.

The decision to include multiple digital assets surprised many in the crypto community. While Bitcoin’s status as digital gold is widely recognized, the rationale behind adding altcoins sparked debate. The move was seen as an effort to diversify national holdings and support blockchain adoption.

Critics argue that including altcoins adds unnecessary risk to the reserve. Others believe it legitimizes the role of cryptocurrencies in global finance. The initiative’s long-term impact remains uncertain as discussions continue.

Peter Schiff’s Criticism of XRP

Peter Schiff acknowledged the reasoning behind a Bitcoin reserve but dismissed the need for XRP. He argued that Bitcoin, like gold, holds value as a scarce asset, while XRP serves a different purpose. He questioned why the U.S. would need an XRP reserve when its primary function is cross-border transactions.

Schiff’s views align with his long-standing skepticism toward cryptocurrencies. He has consistently criticized Bitcoin but recognizes its digital gold narrative. However, he remains firm in his belief that altcoins, including XRP, do not belong in a national reserve.

His remarks triggered strong reactions from the crypto community. Many believe XRP’s role in instant and low-cost transactions justifies its inclusion. Others accused Schiff of ignoring its practical applications in global finance.

Community Response to Schiff’s Comments

Crypto traders and industry experts resisted Peter Schiff’s critique. They argued that XRP plays a crucial role in financial institutions for cross-border settlements. Some highlighted that gold and Bitcoin lack the efficiency that XRP provides in transaction speed and cost.

Jason Higgins, a crypto trader, stated that Schiff was being intellectually dishonest in dismissing XRP’s use case. He pointed out that financial institutions rely on XRP for efficient payment solutions. His comments echoed a broader sentiment that Schiff overlooked XRP’s real-world utility.

Despite the criticism, Schiff remained firm in his stance. He suggested that Trump’s announcement served as a bailout for the crypto market. He claimed that Bitcoin was on the verge of a major selloff before the policy boosted prices.

Trump Pushes U.S. as ‘Crypto Capital’ with XRP, SOL, and ADA Reserve

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  • Trump announces U.S. Crypto Reserve with XRP, Solana, and Cardano to boost digital assets.
  • XRP surged 21%, Solana 12.5%, and Cardano 37% after Trump’s reserve announcement.
  • Executive Order 14178 paves the way for a U.S. national digital asset stockpile.

Donald Trump confirmed through his Truth Social platform that the United States would establish a national strategic crypto reserve containing XRP alongside Solana (SOL) and Cardano (ADA) on March 2, 2025. In January, Trump clarified his executive order to direct the Presidential Working Group on Digital Assets toward implementing this program. XRP, SOL and ADA experienced sharp price increases after the announcement.

image 1 4
Trump Pushes U.S. as ‘Crypto Capital’ with XRP, SOL, and ADA Reserve 16

Roughly an hour later, Trump disclosed that Bitcoin and Ethereum would join the reserve. Based on Arkham data, the government currently owns substantial amounts of BTC valued at approximately $18 billion which he stressed are crucial. BTC and ETH supporters experienced a wave of surprise by the initial announcements before receiving clarity about their reserve status. The cryptocurrency market experienced positive gains during this period as Bitcoin approached the $90,000 milestone.

Market Response and Industry Implications

The prices of Solana skyrocketed by almost 50%, Cardano soared above 50% while XRP experienced over 20% growth following the announcement. Investors demonstrated their excitement by increasing their purchases of cryptocurrencies in the United States.

Meanwhile, Bitcoin and Ethereum recorded more modest increases of 9% and 11%, respectively. Market analysts believe the cryptocurrency prices increased because of increased trust in Trump’s crypto-friendly policy stance that he established during his campaign for the 2024 presidential race.

image 1
Source; Trading view

Trump’s plan to establish America as the “crypto capital of the world” drives this strategic move. According to Trump’s administration, they will combat the regulatory resistance that President Biden’s administration has created.

The White House Crypto Summit which will take place on March 7, will advance discussions about this topic. The conference will welcome key industry members and government representatives as Trump prepares to speak directly to them, demonstrating federal backing for digital currency.

Background and Legislative Context

Trump’s crypto reserve concept emerged during his 2024 campaign, where he first pledged a Bitcoin-focused stockpile. In January, he signed an executive order directing a working group to study a national digital asset reserve, though it stopped short of mandating its creation. Sunday’s post reframed this as a directive to “move forward,” introducing a mix of cryptocurrencies beyond just Bitcoin. This shift broadens the scope of earlier proposals.

Senator Cynthia Lummis has long advocated for a Bitcoin reserve, proposing the Treasury acquire one million BTC. During her appearance at the conference, she stated that federal progress has been too slow, prompting states to take initial action.

Senator Lummis’s efforts did not succeed, as similar state-level bills failed in Montana and Wyoming because of volatility concerns. Trump’s strategy combines different cryptocurrency assets, unlike Lummis’ Bitcoin-focused approach, and brings a new direction to U.S. digital asset policy.