- In a recent interview, Charles Hoskinson expressed confidence in ADA and XRP, referring to them as safe, blue-chip cryptos that investors can rely on for long-term stability.
- This comes after Donald Trump announced that the country’s crypto reserve will include Bitcoin, Ethereum, XRP, Solana, and Cardano.
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.
Hoskinson’s Endorsement of ADA & XRP
“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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Source: https://www.crypto-news-flash.com/ada-xrp-get-blue-chip-status-from-cardano-founder-solana-not-so-much/?utm_source=rss&utm_medium=rss&utm_campaign=ada-xrp-get-blue-chip-status-from-cardano-founder-solana-not-so-much