Editor's PiCK
"I am the leading stock for crypto reserve"...Ada surges 65% compared to the previous day
Summary
- Ada surged 65% compared to the previous day as investor sentiment strengthened following President Donald Trump's announcement.
- President Trump announced plans for America's strategic reserves, mentioning Ada, XRP, and Solana.
- Following this announcement, Ada rose to 8th place in market capitalization, while XRP and Solana also surged by 33% and 25% respectively.
Ada (ADA) has surged during trading hours. Analysis suggests that investor sentiment has significantly strengthened after President Donald Trump mentioned Ada in his post about cryptocurrency reserves.
As of 6:40 AM on the 3rd, according to CoinMarketCap, Ada is trading at $1.07, up 65.07% compared to the previous day. Riding this upward momentum, Ada recorded a market capitalization of $37.96 billion, surpassing Dogecoin to reach 8th place in market capitalization.
President Trump stated through his social media (SNS) Truth Social, "The Joe Biden administration has unfairly suppressed the cryptocurrency industry," adding, "America's cryptocurrency stockpile will elevate the industry to the next level. We will pursue strategic reserves including XRP, Solana (SOL), Ada, etc., to make the United States the global center for cryptocurrencies."
Cryptocurrencies mentioned in President Trump's statement rose significantly. Not only Ada but also XRP (+33.15%) and Solana (+24.96%) surged overnight.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
