SOL, XRP, and ADA may be included in the national reserves. Short-term risks in the crypto market need to be heeded.

robot
Abstract generation in progress

Analysis of Trump's Proposal to Include SOL, XRP, and ADA in National Reserves

Recently, the cryptocurrency market has suddenly experienced a surge, but this may just be a temporary "false prosperity". This increase is mainly driven by news rather than improvements in fundamentals, so its sustainability may be limited.

The public support of a certain political figure for specific cryptocurrencies may gradually weaken. Similar to a certain tech entrepreneur repeatedly promoting a meme coin, frequent endorsements will eventually lose their influence on the coin's price. What the market truly needs is substantial progress, such as policy implementation and large-scale capital inflows.

It is noteworthy that the timing of this announcement is quite special. Major policy announcements are usually made on weekdays rather than on weekends. This timing arrangement may suggest some potential market manipulation intentions, such as preparing for a rally and profit-taking on weekdays.

A certain public chain project is about to welcome its token unlock on March 1st. Releasing positive news at this time may be aimed at alleviating the selling pressure brought by the unlock, while also amplifying the policy's stimulating effect on market sentiment.

This politician chooses to support projects like SOL, XRP, and ADA, which may involve some form of quid pro quo. These projects may have provided political donations, and they all have American backgrounds.

This phenomenon reflects a significant change in the power structure of the cryptocurrency industry. Traditional financial giants and political capital are entering the market, which may squeeze the space of existing cryptocurrency capital.

This also explains why the altcoin market has not been able to fully launch. Traditional crypto capital may be retreating, selling off historical assets, and recouping earlier investments.

For ordinary investors, the current strategy may be to reduce holdings in established altcoins, preserve capital, and wait for new market narratives to emerge. In the future, special attention may need to be paid to projects and related narratives with a U.S. background.

Overall, the market is still in a transitional period, and investors need to remain cautious and focus on substantial progress rather than short-term fluctuations in news.

SOL3.65%
XRP0.44%
ADA6.34%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
MemeEchoervip
· 16h ago
Getting hyped again!
View OriginalReply0
GasFeeDodgervip
· 16h ago
buy the dip and talk later
View OriginalReply0
CrossChainBreathervip
· 16h ago
play people for suckers and run away
View OriginalReply0
RektRecordervip
· 16h ago
Be Played for Suckers is back again
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)