Cardano (ADA), the popular token synonymous with blockchain, has been featured on CoinMarketCap’s newly created list of “Made in America” digital assets. Tokens in this category reflect cryptocurrencies that have roots in the United States, are headquartered there, and have American-born founders.
Apart from Cardano’s ADA, tokens such as XRP, Solana (SOL), Dogecoin (DOGE), and Circle’s USDC made it onto the list. Interestingly, Ethereum (ETH), which is considered by the Cardano community to be a major competitor in the blockchain space, has not received such recognition and was therefore not included in the list.
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The issue of “Made in America” coins is such that, according to the latest rumors, such assets could get the “green light” for further domestic adoption and could enter the U.S. strategic stockpile. That’s what it means.
What’s next?
Initially, the conversation was solely about Bitcoin, but the change in US administration bodes well, as the new administration is seen as being more pro-cryptocurrency than the previous one.
Perhaps this is why we have seen a wave of new exchange-traded fund applications in alternative cryptocurrencies such as Litecoin, XRP, and Solana. According to CoinMarketCap’s listing, all of these tokens boast a “Made in America” label, which increases their chances of acceptance.
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For Cardano, with Charles Hoskinson at the helm, this could be a stepping stone to further acceptance and the necessary marketing that ADA seems to lack. For many years, Cardano tokens were perceived as “dinosaur coins” and received little needed attention in the cryptocurrency market. Perhaps the “Made in America” style will help refresh the image.
