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US President Donald Trump has ordered the inclusion of XRP, Solana (SOL), and Cardano (ADA) in a newly planned Crypto Strategic Reserve alongside Bitcoin (BTC) and Ethereum (ETH).
“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,” Trump said in a March 2 post on Truth Social.
“And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be the heart of the Reserve,” he added in a follow-up post.
Crypto Market Rebounds To Above $3 Trillion On Crypto Strategic Reserve News
Trump’s posts sent the crypto market into orbit. Its market capitalization hit more than $3 trillion for the first time since Feb. 25 after pumping almost 6%, according to CoinMarketCap data.
BTC and ETH pumped over 6% and 7%, respectively, while remittance token XRP surged over 16% and SOL jumped more than 11%.
Cardano’s ADA printed the biggest gain in the top 10 list after its price surged more than 49% to stand at $0.9966 as of 2:10 a.m. EST.
Best Crypto To Buy Now As Trump Pushes Forward With US Strategic Crypto Reserve
With Trump forging ahead with his plan for a US crypto strategic reserve, what is the best crypto to buy now?
While the strategic reserve is likely to raise all crypto boats, analysts point to two presales that are particularly well placed to capitalize on the news.
BTC Bull Token (BTCBULL)
With its plan to give away free Bitcoin, BTC Bull Token was given a massive boost by Trump’s announcement.
The project is a Bitcoin-themed meme coin that aims to support the crypto market leader on its journey to $1 million per coin and beyond.
As BTC reaches new heights, BTCBULL will reward token holders with Bitcoin airdrops and BTCBULL token burns at certain price milestones.
BTC will be airdropped to token holders when the largest crypto by market cap reaches $150K, and again for every $50k increase after that
Meanwhile, BTCBULL tokens will be permanently removed from the supply when Bitcoin hits $125K, $175K and $225K for the first time.
With Trump saying, “I also love Bitcoin and Ethereum,” the prospect of a bull run that will take BTC much higher suddenly looks very achievable.
This, coupled with the token burns, may result in a skewed supply and demand ratio that could also send BTCBULL skyrocketing as well.
Solaxy (SOLX)
Projects linked to the Solana ecosystem like new SOL layer 2 Solaxy are also well positioned to gain from the US strategic reserve.
The Solana network is facing congestion issues that were exacerbated by the launch in January of meme coins including the US President’s OFFICIAL TRUMP (TRUMP), and Official Melania Meme (MELANIA), meme coins.
While the tokens both plunged from their all-time highs, bullish announcements or developments linked to Trump will likely ignite rallies, putting even more pressure on Solana.
Solaxy, with its native side chain and scaling technology, is the first layer-2 solution aimed at improving Solana’s transaction processing capabilities.
The project’s network will run in parallel to the Solana layer-1 blockchain, providing it with additional computational resources.
Through its own sidechain, Solaxy will take over a large portion of Solana’s transaction processing workload by processing and bundling transactions off of the layer-1, before submitting batches of transaction back to the mainnet for final validation.
This approach to processing transactions has already proven to be a successful way to scale a network within the Ethereum ecosystem by Arbitrum and Optimism.
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