- Tyler Winklevoss hints at ADA’s potential listing on the Gemini crypto exchange.
- Winklevoss does not support ADA’s inclusion in the Strategic Reserve.
- The ongoing debate about Cardano’s inclusion is affecting ADA’s price.
Gemini cryptocurrency exchange co-founder Tyler Winklevoss hinted that the digital assets trading platform could soon list Cardano (ADA). Winklevoss posted about the potential ADA listing on X. This came as a response to Cardano founder Charles Hoskinson’s inquiry.
Gemini Listing Talk Follows Trump’s ADA Reserve Plan
The discussion about ADA’s listing on Gemini comes a few days after President Donald Trump confirmed the digital asset’s inclusion in the planned Strategic Reserve. According to Trump, the Reserve will comprise XRP, ADA, and SOL.
Importantly, Winklevoss’s acknowledgment that ADA is suitable for listing on Gemini does not mean he approves or supports ADA’s inclusion in Trump’s upcoming Strategic Reserve. The Gemini co-founder made this clear in his post. He noted that he does not consider ADA suitable for a Strategic Reserve.
Related: Trump Taps XRP, ADA for US Crypto Reserve, Ripple and Cardano Finally Get Along
Winklevoss’s opinion is not in isolation, considering the debate that followed President Trump’s revelation about the composition of the US Strategic Reserve. Many crypto industry opinion leaders criticized the plan, some questioning Bitcoin’s non-inclusion among the digital assets the US wants to hold.
Analyst Concerns Over Altcoin Reserve Choices
More crypto analysts have openly criticized the addition of XRP, ADA, and SOL as the proposed assets for the Strategic Reserve based on individual reasons. Nonetheless, Trump’s decision received notable support, with many crypto users expecting the development to boost the adoption of the listed cryptocurrencies.
In the meantime, the crypto market reflects an indecisive outlook among traders and investors. The three listed cryptos lost significant chunks of the gains they accumulated after Trump’s revelation, dampening the morale of crypto bulls who expected the situation to trigger a bull run.
ADA Price Pulls Back, Investors Remain Optimistic
ADA traded for $0.8139 after making a 35% pullback from its Sunday rally, which saw the price surge to $1.19, per TradingView’s data.
Related: ADA Price Prediction for March 04: All Eyes on $3 After the 50% Surge
Nevertheless, most investors are optimistic that the trend will reverse and produce a sustained rally, especially after the Trump administration implements the planned Strategic Reserve.
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.
