Solana (SOL) and XRP have been making headlines in the crypto world, outperforming the overall market on Thursday. This surge in performance comes on the heels of reports suggesting that President-elect Donald Trump is considering the establishment of an “America First” strategic crypto reserve.
According to the New York Post, Trump is said to be open to the idea of creating a national strategic reserve that includes cryptocurrencies like Solana, XRP, and the stablecoin USDC. All three assets have been developed in association with blockchain projects headquartered in the US.
Trump recently met with Ripple’s CEO Brad Garlinghouse and chief legal officer Stuart Alderoty, as well as the founders of Solana and USDC. The New York Post also reported that Circle, the company behind USDC, contributed $1 million worth of the stablecoin to Trump’s inaugural committee.
At the time of writing, XRP is trading at $3.30, up 7% in the past day and nearly 45% in the past week. SOL is trading at $214.16, with gains of more than 5% in the past 24 hours and over 14% in the past seven days. These impressive gains come at a time when the overall crypto market cap has been moving sideways, as reported by CoinGecko.
In light of these developments, it is clear that both Solana and XRP are attracting attention and investment, potentially fueled by the speculation surrounding Trump’s interest in establishing a strategic crypto reserve. As the crypto market continues to evolve and adapt to changing political landscapes, it will be interesting to see how these assets perform in the coming days and weeks.
To stay updated on the latest news and price action in the crypto world, be sure to subscribe to get email alerts delivered directly to your inbox. You can also follow us on Twitter, Facebook, and Telegram for real-time updates and analysis. Don’t miss out on the latest developments in the crypto market – join us on this exciting journey today.