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Cardano’s inclusion as one of Donald Trump’s Crypto Strategic Reserve assets caught investors underexposed, resulting in an 80% appreciation in its price on Sunday.
Despite the broader market uncertainty, $ADA has shown resilience and is currently trading at $0.93, up over 40% since Trump’s announcement.
However, there is significant speculation among investors regarding whether they should take profits on their Cardano holdings before the March 7th White House crypto summit, especially considering that the asset’s co-founder Charles Hoskinson isn’t even invited to the event.
Cardano price predictions from experts suggest that investors should be cautious of a sharp selloff on March 7th.
Cardano Co-founder Snubbed From The White House Crypto Summit
Cardano co-founder Charles Hoskinson’s comments have created significant uncertainty regarding ADA’s place in Donald Trump’s Crypto Strategic Reserve.
Hoskinson revealed that he had no prior knowledge of Trump’s decision to include ADA as part of the crypto reserve assets until the day of the announcement.
More crucially, the Cardano co-founder claims that neither he nor any other Cardano Foundation representative has been invited to the March 7th White House crypto summit.
LATEST: Cardano founder Charles Hoskinson said he wasn’t aware that President Trump would include $ADA in his proposed crypto reserve until the day it was announced.
He also claimed that neither he nor any Cardano representatives had received an invitation to the White House… pic.twitter.com/PXmJHjUaRU
Trump’s crypto czar David Sacks and Commerce Secretary Howard Lutnick had previously revealed that the President would outline his crypto reserve plan at the summit.
Hoskinson’s exclusion from the event raises concerns about the administration’s commitment to Cardano, particularly amid criticism of Trump’s proposed plan from industry insiders.
If the administration struggles to secure enough congressional backing, it may be forced to drop altcoins from the proposal.
Commerce Secretary Lutnick has hinted that Trump may unveil a Bitcoin Strategic Reserve at the event, with altcoins being discussed ‘positively but differently.’
If this suggests that Trump will initially proceed only with Bitcoin as a strategic reserve asset, altcoins could face a sharp selloff.
Cardano Price Prediction — How To Trade The White House Crypto Summit?
Cardano price predictions from experts suggest that investors should be cautious about the White House summit turning out to be a sell-the-news event.
Even Hoskinson hinted that there won’t be many policy discussions at the event. An underwhelming summit could result in significant selling pressure on altcoins like ADA.
As such, Cardano’s daily RSI hit the “overbought” territory following Trump’s strategic reserve announcement. Typically, this results in the the pendulum swinging to the other extreme and the asset hitting “oversold” RSI levels.
Prominent analyst Ali Martinez also suggests that the Cardano price is nearing a breakdown from a symmetrical triangle in lower timeframes, indicating that the altcoin could retrace its entire Sunday pump.
#Cardano $ADA is positioning itself for a potential 40% price move! pic.twitter.com/Vv764sKKFV
— Ali (@ali_charts) March 6, 2025Investors holding substantial ADA gains ahead of the White House crypto summit may find it prudent to lock in some profits.
In the event of a bullish market reaction to the event, they could go long on Cardano again once it flips the $1.20 resistance, as suggested by prominent analyst Crypto Tony.
$ADA / $USD – Update
This could look very good soon. One more resistance zone to reclaim pic.twitter.com/13aVJmJwky
Could Solaxy Be A Better Investment?
The White House summit likely turns out to be a sell-the-news event.
Investors may find it prudent to invest in low-cap crypto assets that do not show a strong correlation to the broader market outlook.
For instance, whales have been investing six-figure sums into Solaxy (SOLX), the first prominent Solana layer-2 coin, which has already raised over $25 million in its presale.
Solana’s network congestion during periods of heavy traffic has created a strong demand for Layer-2 chains.
Solaxy’s ZK-rollup architecture comes armed with data availability tools like Celestia, a multi-chain bridge and a deterministic sequencer. It promises low latency transactions, an exponential increase in scalability and zero downtime, which could prove to be a game-changer.
Despite its strong presale performance, prominent analysts believe SOLX is highly undervalued during its presale. Its demand will particularly soar when the meme coin mania returns and investors seek low-latency transactions during periods of heavy traffic.
Unsurprisingly, smart money investors are bullish on its upside potential, with many calling it the next 10x crypto.
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