Speculations are rife that Cardano will reach $25 in 2025 as Trump named it it as one of the assets to be included in U.S. crypto strategic reserve.
Cardano (ADA) has been dominating crypto discussions after Donald Trump named it as one of the assets to be included in U.S. crypto strategic reserve, along with Solana (SOL), Ripple (XRP), Bitcoin (BTC), and Ethereum (ETH) on March 2. The announcement sent ADA rallying 75% within a few hours, rising from a low of $0.6461 to $1.13. However, it has since retraced to $0.96 at the time of writing.
With the first-crypto summit looming, slated for March 7, Cardano is dominating Crypto Twitter with bullish speculations that ADA could reach $25 in 2025. The summit will be led David Sacks, appointed as the administration’s AI and crypto czar, and will bring together industry leaders, investors, and policymakers to discuss regulatory frameworks and innovations in the crypto space. More importantly, the event is expected to address the establishment of a U.S. crypto strategic reserve. Interestingly, Cardano’s founder Charles Hoskinson or any other Cardano representatives weren’t invited to the March 7 White House crypto roundtable. Moreover, Hoskinson didn’t even know Trump would include ADA in his proposed crypto reserve until the announcement.
“We knew nothing about ADA being selected for the reserve. It was news to me,” remarked Hoskinson. He said that he woke up on March 2 to an inbox full of congratulations messages, but had “no idea what the heck was going on.”
As far as ADA’s likelihood of reaching $25 in 2025 is concerned, the prediction is definitely ambitious and based purely on speculation as opposed to Cardano’s historical price action. The highest ADA ever reached was $3.10 in Sep. 2021. At the time of writing, ADA is trading for $0.96, down by 69% from its all-time high. Despite the reserve inclusion announcement, it’s currently down by 4.32% in the past 24 hours, with the 24-hour trading volume of $3.15 billion, according to Coinmarketcap.
Even Hoskinson added a dose of realism to recent speculations about Cardano (or any other asset included in the reserve, for that matter), stating, “If you believe for a moment that your cryptocurrency will succeed just because someone attended a ‘vanity fair,’ you’re a fool.”
That being said, the reserve news brought ADA out of a prolonged consolidation phase as it broke out of the $0.82, a crucial resistance zone. That level has now become support. The next major resistance level to watch is around $1.20, with a potential move toward $1.50 if the momentum continues.
That being said, it’s worth noting that Cardano’s inclusion in the U.S. reserve may not have been fully priced in yet, according to Kaiko research. According to their recent report, ADA has seen the strongest capital inflows after the reserve announcement, as indicated by the open contracts on Bybit, OKX, and Binance. According to Kaiko, this suggests that its inclusion in the reserve may not be fully reflected in the market yet. Kaiko also noted that ADA’s open interest has increased by 10% year-to-date, reaching $554 million.
Apart from being included in the U.S. strategic crypto reserve, Cardano price may be buoyed by the potential approval of Cardano ETF. According to Polymarket, Cardano ETF has 69% chance of being approved in 2025.
