ADA was mentioned by Trump as selected for the US encryption reserve, how does Cardano use storytelling to create a bull market illusion?

Through the ups and downs of the encryption market, the veteran public chain Cardano can always bring its own BUFF blessing and open and hang all the way. In this cycle, Cardano veterans are renewed, anchored in the BTC L2 narrative, and recently brushed the screen with multiple identities such as US encryption reserve assets, ETF application targets, and popular choices for institutional allocation, and the sense of existence is full. (Synopsis: The White House made a big move!) Trump will host the "first cryptocurrency summit" next Friday, and the market is ready to meet the big market? (Background supplement: TSMC 1,000 yuan defense battle!) On March 2, Trump issued a document announcing that his digital asset executive order directs the president's task force to advance the Cryptocurrency strategic reserve, including BTC, ETH, XRP, SOL and ADA. However, this message was not entirely unexpected. At the end of January, Ripple CEO Garlinghouse confirmed that he had discussed with Trump the possibility of using XRP as a strategic reserve asset in the United States, and stressed that the diversification of reserves should be ensured. Now it seems that this chess game has long been laid out. Spurred on by this news, the encryption market was "revived overnight". Among them, Cardano's ADA performance is particularly eye-catching, and CoinGecko data shows that its highest rise in 24 hours exceeded 78.1%, directly dominating the hot search. However, in addition to the high market sentiment, there is also a lack of doubts: Cardano's technical strength and ecological development are slightly inferior to other selected assets, why is it selected as a US reserve asset? Ecological indicators are crushed, policy BUFF is full of alleged related households? Cardano holder has a high long-term holding intention, with more than six in ten choosing Lock-up Position to support the network, which also increases its network health. According to Staking Rewards, Cardano is the fourth largest POS Block chain network, with a stake amount of $23.34 billion and a stake rate of 60.1%. However, according to Decentralized Financellama data, as of March 3, Cardano's TVL was nearly $508 million, the on-chain stablecoin market cap was $22.55 million, and the app revenue in the past 24 hours was only $3,024. In the same period, Solana's TVL reached $8.38 billion, with daily revenue of about $836,000. From the perspective of ecological index performance, Cardano is relatively lagging among the selected assets, and although the scale of stake is amazing, ADA's stake has not been transformed into the actual application of dApp, which means that its ecology still has a large gap to be filled. "So does that mean we have to change the name to 'U.S. Digital Assets.'" Cardano founder Charles Hoskinson quipped in his latest tweet. In fact, the outside world has always called Cardano "Japanese public chain", but Cardano is an American manufacturing project, founded by American Charles Hoskinson, one of the original eight co-founders of Ethereum, and invested a lot of money and energy in Block chain, longevity science, alien exploration and other fields. In 2014, Hoskinson founded US-based Input Output Global and launched Cardano after a disagreement over Ethereum's direction and Vitalik Buterin products. Cardano's popularity in the Japanese market, even known as the "Ethereum of Japan", is largely related to its early funding model. It is reported that nearly 95% of the buyers in the Cardano public sale are from Japanese investors, also known as "retirement investment", mainly because the public sale was dominated by the Japanese company Emurgo, and the regulatory environment in Japan at that time was relatively relaxed compared to Europe and the United States, which also made Cardano misunderstood as a Japanese project. But as the U.S. encryption policy becomes more and more open, Cardano is gradually fading its impression of Japan. As for Cardano's inclusion in the strategic asset reserve, many people speculate that it does not rely on technology, but has established close ties with the US government, especially founder Charles Hoskinson has repeatedly hinted. For example, in November 2024, just as Charles Hoskinson was rumored to be considering Trump as an encryption policy adviser, he revealed in a conversation that he was close to someone on Trump's team. He said he would work with lawmakers and the government to push for a bipartisan bill to pass. Cardano research and development company Input Output Global will establish the Office of Cryptocurrency Regulatory Policy in early 2025 and plans to engage with "leaders in certain key positions" in the U.S. government to push for a legislative agenda for cryptocurrency-related securities and commodities. However, as of now, the specific progress of this plan has not been made public, and there is no evidence that he has been officially employed by the US government. Charles Hoskinson also clarified on March 2 that "no one has been appointed by the executive branch tonight in a role related to the cryptocurrency, the meeting does not mean to endorse or give magical new powers, the legislative process is like that, it takes time and effort." I will not comment on this topic again until there is definitive and substantive information about the legislative process, which must be relevant to the creation of new laws to keep the industry alive and prosperous in the United States." From academics to BTC wingmen, Cardano has a few more narrative stickers to the hot narrative of flowing water, and the ironclad Cardano. Recently, Cardano's many market dynamics have made it one of the hot targets in the market. For example, ADA is the top three weighted assets in the latest Holdings of the grayscale smart contract fund, accounting for 18.23%; Grayscale's Cardano Spot ETF application has been accepted by the SEC; Cardano plans to integrate Ripple's RLUSD stablecoin to enhance its own decentralized finance ecosystem and provide broader access to RLUSD. Not long ago, Charles Hoskinson also disclosed that Input Output Global (IOG) will focus on the development of BTC Decentralized Finance ecosystem in 2025. The team plans to work with Fair gate Labs, developer of the longer computing protocol, with the goal of launching a demo version before the BTC conference in May 2025. The technology developed by Fair Gate Labs will form the basis of BitcoinOS, and without the need for additional tokens for issuance, Cross-Chain Interaction transactions only need to use BTC. The project will work with both community projects and Wallet service providers to achieve the goal of "awakening the sleeping giants". The dividend with the help of the strategic reserve policy has undoubtedly further brought additional policy support to Cardano, and also provided it with new capital flow and attention in the market. Looking back at the development of Cardano, in the past few rounds of market baptism, Cardano has always been good at constructing eye-catching narratives to create a unique market image, and through the use of external ...