Cardano (ADA) in US Crypto Reserve: Future Outlook & Price Prediction

All eyes are on Cardano as the ADA token surges after President Trump gave the network its long overdue recognition in the most surprising way. 

The ADA token was name dropped by Trump in a post on cryptocurrencies that will be included in an upcoming US Crypto Reserve. 

As a result, Cardano has gained newfound popularity and has become a top portfolio addition despite sitting alongside Solana and XRP in Trump’s announcement. Where does Cardano (ADA) go from here?

Cardano ADA price prediction based on technicals

After Trump’s announcement of a US Crypto Reserve, Cardano’s native ADA token surged over +40% and has managed to maintain its gains alongside Bitcoin’s volatility.

Looking at the ADA token from afar in a technical perspective, the trajectory of the token is in a great position combined with euphoric sentiments which could take it much higher.

Over time, Cardano has a strong chance of making a 7x in the long-term, which would, from its current price point, bring ADA to a $7.00+ price target, or a 4x from its previous all-time high of $3.09 made in September, 2021.

With renewed institutional interest combined with strong fundamentals and network growth, Cardano will prove to be a very reliable token going into the rest of the year.

Key fundamentals of the Cardano blockchain

Fundamentally, Cardano has become one of the most decentralized networks sitting in the top 10 cryptos going by market capitalization.

Charles Hoskinson, Cardano’s founder, is very much involved in the developments of the network, working alongside the Cardano Foundation and InputOutput. 

The network’s Plomnin upgrade introduced new decentralized features and rights for token holders, giving ADA holders the ability to vote on important network upgrades in the future, making the network more involving for holders and not just validators.

In recent weeks, Cardano’s Midnight sidechain has received some new news, with the Midnight’s native NIGHT token being eligible not only for Cardano holders but to blockchain networks across the market including XRP Ledger, Avalanche, and Ethereum. 

Midnight’s token drop and launch may see 37 million eligible users enter the Cardano network to claim their tokens, boosting new addresses on Cardano.

Institutional interest surges: Greyscale Investments ADA ETF

Greyscale Investments have also filed for a Cardano ETF with the NYSE. With Cardano’s recent US Crypto Reserve confirmation, ADA has become the most wanted ETF token overnight. 

In early March, a 19b-4 registration was submitted to the SEC for their oversight. On Greyscale’s ETF filing announcement alone, ADA surged 15%.

For many investors, ADA has become more attractive after being known within the DeFi sector as a blockchain that needed to keep up with the likes of Ethereum and Solana. Now, the token stands shoulder to shoulder as a popular pick for long-term investors wanting DeFi exposure. 

Looking ahead, Cardano may become a top pick for institutional investors and enterprises as Cardano’s regulatory compliance and affirmations from the Trump administration make ADA a very attractive token.