Key Points
- ADA, SOL, and XRP prices surged significantly after Trump listed them for the US Crypto Reserve.
- Yesterday, the coins saw price spikes between 10% and 30% following the announcement.
Cardano (ADA), Solana (SOL), and XRP prices continue to surge today, following the March 2 price spikes recorded following US President Donald Trump’s announcement.
The entire crypto market is up by 6% today, and Bitcoin surpassed $94,000 earlier following recent dips.
ADA, SOL, XRP Are Up Significantly Today
ADA Price Trajectory
At the moment of writing this article, ADA is trading above $0.94, up by 43% today with a market cap of over $33,4 billion.
On March 2nd, ADA was trading at $0.64 ahead of Trump’s announcement, and its price spiked by over 30% following the crypto reserve news. ADA’s price reached almost $1.13, hitting a market cap of over $39.75 billion, before cooling down to current levels.
On February 28, the team at Cardano revealed its newly designed staking rewards calculator with new features.
Cardano’s Charles Hoskinson joined Trump’s administration to support crypto regulation.
SOL Price Trajectory
Ahead of Trump’s announcement yesterday, SOL was trading at around $140, and the coin’s price spiked above $177 after, seeing a surge of over 10% in a relative amount of time. Today, the coin reached $178 before stabilizing at current price levels of almost $158 and a market cap above $80.15 billion.
Overall, SOL is up by over 10% in the past 24 hours. On March 1, SOL saw an important token unlock event which didn’t create too much market volatility for the coin on that day. However, Trump’s announcement boosted the coin’s price significantly.
A remarkable achievement of the Solana network is that it had 0% downtime for more than a year.
XRP Price Trajectory
Before Trump’s announcement yesterday, XRP was trading at around $2.23, but the coin saw a boost in price of over 16% immediately after the news. XRP’s price spiked to over $2.96, hitting a market cap of $171.7 billion, before cooling off to current levels.
At the moment of writing this article, XRP is trading at $2.58, with a market cap of over $149 billion, and the coin is up by 14% in the past 24 hours.
An important announcement made by Ripple a few days ago showed its support for the expansion of institutional crypto custody in South Korea.
On February 27, the team at Ripple announced that BDACS crypto custodian will use Ripple Custody to offer secure infrastructure for XRP, RLUSD, and other crypto.
Trump’s support for the three digital assets, but also Bitcoin and Ethereum sent the coins’ price skyrocketing, boosting the entire crypto market since the announcement.
