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Cardano founder Charles Hoskinson has once again stirred debate in the crypto community, endorsing Cardano (ADA) and Ripple’s XRP as safe, blue-chip cryptocurrencies while dismissing Solana (SOL) as mid. His remarks came during an interview with David Gokhshtein on the Gokhshtein Podcast, where he discussed the selection of key cryptocurrencies for the United States national reserve, following an announcement by Donald Trump . Trump, now serving as the 47th President of the United States, revealed that Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA) would be included in the country’s national crypto reserve. “I think Cardano and XRP will score very well because we’ve been around for a long time in the top 10,” he stated, emphasizing their stability and reliability. He also praised Cardano’s ability to withstand challenges, referencing past issues with the Cardano Foundation, market crashes, and regulatory uncertainties. “We’ve been through everything you can imagine,” he noted. Hoskinson firmly believes that ADA and XRP have earned their status as blue-chip cryptocurrencies, making them strong candidates for the U.S. crypto reserve. “It’s a very safe blue-chip cryptocurrency, and XRP is as well,” he added. This endorsement comes on the heels of Cardano and the XRP Ledger (XRPL) partnering to enhance seamless interoperability. The two networks recently launched a new blockchain bridge, facilitated by Wanchain, allowing users to transfer ADA and XRP across their respective networks. While praising ADA and XRP, Hoskinson didn’t offer the same recognition to SOL, calling it “mid”, a slang term implying that Solana is neither exceptional nor terrible, just average. Charles noted that Solana is caught in a gray area, neither a new blockchain nor an established veteran. However, he did acknowledge its resilience, pointing out that it managed to survive the FTX collapse. When FTX imploded in November 2022, it triggered a massive sell-off in SOL, crashing its price to around $8 and exposing Solana’s deep financial ties to the bankrupt exchange. Beyond ADA and XRP, Hoskinson raised an important question: Which other altcoins might be included in the national reserve? He speculated whether Avalanche (AVAX) or Hashgraph (HBAR) could be considered next. To ensure a structured selection process, the founder suggested that a working group be formed to establish clear criteria for choosing reserve assets and managing the portfolio. Meanwhile, CryptoRank has predicted that other possible altcoins for inclusion may be Litecoin (LTC), Polkadot (DOT), Chainlink (LINK), Dogecoin (DOGE), and Aptos (APT). Currently, XRP has surged 5.48% in the last 24 hours, trading at $2.49. ADA has jumped 18.35% to $0.9540. The strong performance of both assets further reinforces their growing adoption and perceived stability in the crypto space.

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Dogecoin, a popular cryptocurrency that has often moved based on community sentiment and broader market trends, recently displayed a Dragonfly Doji on its daily candlestick chart, signaling potential changes in its market dynamics. This technical pattern is commonly interpreted by traders as an indication of a possible reversal, particularly after a sustained downtrend, as has been observed with Dogecoin. #Dogecoin daily candle closed with a Dragonfly Doji 🔥Since the doji in $Doge is at the bottom of a downtrend, this signal indicates the market will start strengthening and reversing back UP. pic.twitter.com/Q4huCX0dKY — Trader Tardigrade (@TATrader_Alan) March 5, 2025 A Dragonfly Doji occurs on a candlestick chart when a security’s open, high, and close prices are virtually the same. The most distinctive feature of the Dragonfly Doji is its long lower shadow, which represents a significant sell-off during the trading period followed by a strong rebound that returns the price to its opening level. This pattern suggests that selling pressure was overcome by buying pressure, a sign that could indicate a bullish reversal if it occurs after a downward trend. In the case of Dogecoin, this pattern was identified at the end of a declining price trend, which adds to its significance. Typically, the appearance of a Dragonfly Doji at the bottom of a downtrend is watched closely by technical analysts and traders as it may suggest that the market is bottoming out and that a reversal to the upside could be imminent. Drivers and Impacts of Dogecoin’s Dragonfly Doji The presence of a Dragonfly Doji in Dogecoin’s price chart is particularly noteworthy given the volatile nature of the cryptocurrency markets. This technical indicator is often seen as a potential sign of a shift in market sentiment from bearish to bullish. For Dogecoin, a digital currency influenced heavily by retail investor sentiment and social media, such signals are crucial indicators that can precede significant price movements. Technical analysis suggests that following the appearance of a Dragonfly Doji, traders and investors might expect an uptick in buying activity, assuming other market conditions remain favorable. This could lead to an increase in Dogecoin’s price, offering a strategic entry point for those looking to capitalize on the expected upward movement. While technical patterns such as the Dragonfly Doji play a significant role in trading decisions, external market factors can also influence the effectiveness of such indicators. For Dogecoin, market sentiment can be swayed by a range of factors, from developments in the broader cryptocurrency ecosystem to specific news related to Dogecoin itself, such as endorsements by high-profile individuals or changes in its underlying technology. Additionally, market dynamics, such as changes in trading volume and liquidity, also play critical roles in determining whether a technical signal like the Dragonfly Doji will translate into an actual reversal in price trends. Increased buying pressure following this pattern would be necessary to confirm the bullish signal and drive up prices. As the cryptocurrency market continues to evolve, keeping an eye on technical indicators like the Dragonfly Doji, along with broader market trends, will be crucial for those looking to make informed trading decisions. For now, Dogecoin enthusiasts and investors will be watching closely to see if the bullish reversal is confirmed, potentially leading to further gains in the market value of Dogecoin.

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After a 500% surge in 2024, meme coins are now in free fall, with market cap plunging from $125B to $54B since December. Trading volume is down 26% in a month, raising fears that the meme coin supercycle is ending. 🔥 Biggest Losers: 🚨 $DOGE : -21.7% (holds nearly half the market) 🚨 $SHIB : -10.6% 🚨 Other top meme coins: Similar declines 📉 Google searches for "meme coin" have collapsed, and launchpad pumpfun 's volume is down 75%. Even Elon Musk warns against investing in meme coins like a casino. Is this the end of MemeCoins or just a dip? Meme Alpha