Flash Rise: Cardano (ADA), XRP, Solana (SOL) gain in double digits after President Trump's post
The cryptocurrency market has been painted in green after the announcement made by US President Donald Trump with Cardano, XRP, and Solana topping the charts. The coins have seen double-digit gains in under...
The cryptocurrency market has been painted in green after the announcement made by US President Donald Trump with Cardano, XRP, and Solana topping the charts. The coins have seen double-digit gains in under an hour, with Cardano (ADA) recording the highest jump.
Source: CoinMarketCap
According to CoinMarketCap, at press time, ADA was trading at $1.10 with a market cap of over $38 billion. The coin recorded a massive jump of over 40% in the past hour, while the 24-chart showed an uptrend of over 74%. The coin has also noted a sharp upward trajectory on Trading View, since the announcement made by President Trump.
Source: TradingView
A similar upward trend was also noted for XRP and Solana (SOL), with the coins gaining over 15% and 10% respectively in the past hour. At press time, XRP was trading at $2.93 with its 1-day chart registering gains of over 35%. Meanwhile, SOL was trading at $173.52 and had seen its value jump by over 20% in the 24-hour chart.
President Trump’s announcement on Cardano and other cryptos
Earlier today, President Trump announced the creation of the U.S Crypto Reserve in a social media post. The announcement read,
“A U.S Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA”
He further added
“I will make sure the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!”
The story is still developing.
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