Cardano (ADA), one of the well-known tokens associated with its matching blockchain, has been added to a freshly established list titled “Homegrown Digital Assets” by CoinMarketCap. This collection of tokens signifies the cryptocurrencies that originate from the United States of America, are based there and have American founders.
Besides ADA from Cardano, tokens like Ripple‘s XRP, Solana’s SOL, Dogecoin‘s DOGE, USDC by Circle, and numerous others were chosen for this selection. It’s worth noting that Ethereum (ETH), often seen as Cardano’s primary rival in the blockchain sector, did not receive this recognition and, consequently, was not included on the list.
Coinmarketcap has Cardano Ada listed as Made in America 🇺🇸
— Rick McCracken DIGI 🇺🇸 (@RichardMcCrackn) January 20, 2025
A potential development regarding “Made in America” coins is that they might receive approval for wider use within the country, potentially even being included in the U.S.’s strategic reserve holdings.
What’s next?
Initially, the conversation centered solely around Bitcoin. However, with the shift in U.S. leadership, there’s optimism because the incoming administration is perceived to be more supportive of cryptocurrencies compared to its predecessor.
It appears that the surge in applications for exchange-traded funds on cryptocurrencies such as Litecoin, XRP, and Solana could be due to this factor. Notably, these tokens, as indicated by CoinMarketCap’s list, carry a “Made in America” label, potentially increasing their chances of approval.
With Charles Hoskinson leading the way, Cardano could use this milestone as a bridge towards broader acceptance and marketing that ADA appears to be lacking. For quite some time, the Cardano token has been viewed as an outdated coin, receiving minimal attention it deserves in the crypto market. Maybe the “Made in America” approach can help refresh its image.
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2025-01-20 18:50