The founder of WallStreetBets, a prominent market-focused subreddit, believes Cardano will become the “official lobbyist currency” in 2025.
As 2024 comes to a close, crypto market participants are looking ahead to what 2025 might hold after what has been a whirlwind year for the industry with several wins.
Amid the questions and speculations, one influential market observer has offered what many have taken to be a significantly positive call for ADA, the native token of the Cardano blockchain.
“Official Lobbyist Currency”
Cardano’s ADA will be the “official lobbyist currency” of 2025, according to WallStreetBets founder Jaime Rogozinksi.
Rogozinksi expressed this view in an X post on Wednesday, December 18, outlining his crypto predictions for the coming year. Aside from his ADA prediction, he tipped SUI to take Solana’s shine and Ripple to take over the stablecoin market with its RLUSD token.
2025 Crypto predictions:
– $SUI takes over $SOL
– $ADA becomes official lobbyist currency
– $XRP (ripple) takes over the stable marketDid I miss any?
— wallstreetbets (@wallstreetbets) December 18, 2024
Several members of the ADA community have reacted positively to the prediction as it has been taken to mean that the asset would gain wide adoption and recognition, especially in regulatory and political circles.
“Let’s go, Cardano,” Cardano Feed, an X account dedicated to Cardano developments, noted in response to Rogozinksi’s prediction.
The seemingly positive ADA projection comes despite the recent decline in sentiment around the asset.
Cardano Sentiment in the Red
As reported by The Crypto Basic on December 17, weighted sentiment around the popular altcoin has flipped negative in recent weeks. The metric has fallen from a high of 2 on Santiment Feed‘s scale to a negative of 0.786.
Notably, the sentiment shift comes as the asset’s price has shown signs of weakness in recent weeks.
After soaring over 300% from $0.3263 to $1.3264 in the rally sparked by the election of Donald Trump, who showed extreme support for crypto on the campaign trail, ADA has reversed to trade below the $1 price level after forming what appears to be a lower high on its daily candle chart.
Despite this apparent weakness, ADA whales remain confident in the asset’s prospects. As of Wednesday, December 18, data showed that this class of investors purchased 160 million ADA worth nearly $160 million.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
