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    Crypto Chain Post
    Home » SUI and ADA in the Running for US National Crypto Reserve Status
    Altcoin

    SUI and ADA in the Running for US National Crypto Reserve Status

    News RoomBy News RoomFebruary 1, 2025No Comments3 Mins Read

    SUI and ADA are in the headlines as the race heats up for the title of U.S. National Crypto Reserve. The debate gained momentum after The New York Post, quoting unnamed sources, reported on Jan. 16 that Trump is “receptive” to the idea of creating a strategic reserve that focuses on cryptocurrencies.

    Eric Trump, who is expected to play a key role in his father’s crypto policy strategy, recently revealed that $SUI was one of his top holdings in an interview. Analysts at VanEck predict that $SUI could reach a market cap of $61 billion by the end of 2025, with price targets around $16.

    On the price front, $SUI has displayed strong technical resilience, holding at the 0.5 Fibonacci support level with further gains expected if it breaks the $3.86 resistance.

    Related: Price Prediction for February: What’s in Store for $LINK, $AAVE, $ONDO, $XRP, and $SUI?

    Morgan Creek CEO Rallies Behind Cardano

    On the other hand, Cardano ($ADA) is also making noise for the contender’s slot. Mark Yusko, CEO of Morgan Creek, suggested that $ADA could be a part of the national reserve conversation. Cardano’s active development and growing community support make it a viable reserve asset.

    While there is no clear criterion for what constitutes a “U.S.-based” crypto reserve, Cardano’s roots provide a compelling argument.

    Related: Cardano’s Major Upgrade: Will the Plomin Hard Fork Send ADA to $13?

    Founded by U.S. citizen Charles Hoskinson, Cardano’s parent organization, Input Output Global (IOG), is based in Wyoming. Since late 2024, Hoskinson hinted that he may play a role in creating crypto regulations under the Trump administration. This adds weight to ADA’s case in this debate.

    Ripple CEO Pushes for “Multichain” Reserve, Not Just Bitcoin

    As the conversation continues, crypto proponents are pushing for a diverse national crypto reserve strategy and not just Bitcoin. Recently, Ripple CEO Brad Garlinghouse proposed XRP as a reserve asset for the U.S. emphasizing the importance of a level playing field, and a “multichain world,” instead of one token versus another.

    The growing emphasis on digital assets in U.S. policy, including a newly signed executive order under David Sacks’ leadership, hints at a transformative era for the crypto sector. Both SUI and ADA are sparking fierce competition as U.S.-connected assets that could shape the future of digital finance.

    Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

    Read the full article here

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