What are the crypto tokens that Trump wants us to buy?

Donald Trump lit sparks on cryptocurrent prices when he said the United States was looking at the construction of a strategic reservation of digital assets.

Bitcoin jumped as many as 10 percent, turns a month of fall, after the American president announced his truth of the social social network on Sunday.

But it was his intake in smaller coins of the famous KSRP coins, Solana and Cardano for inclusion in a potential reserve that encouraged the greatest gains, with the Cardano Blockochain – a 71 percent defeat.

Trump said that the “be sure that the United States is safe to the capital of the world”. Solana laboratories and weldable laboratories, which developed its era of same name, are based in the USA while Cardano’s driving force, Charles Hoskinson, is an American based in Colorado.

What are these tokens?

Of the three fewer known coins, KSRP is the oldest, created in 2012. year for 2012. year for cross-border payments between companies and financial institutions, with a faster weather from Bitcoin. It is the third largest coin of nominal market value, behind Bitcoin and Ethereum, $ 151 billion.

However, Ripple is fighting a long-term case, which began during the first first term of Trump, against US securities and execution of the Commission for the Legal Status of His tokens.

Solana also emphasized as an alternative to Bitcoin, but it uses less energy and is better equipped to deal with a much larger number of transactions in seconds. Solana BlocCchain is the most popular platform for memecoins, including those who launched Trump and his wife Melani in January. The nominal value of $ 80 billion solen token makes it an eighth light cryptocurrency in the world.

The ADA was named after the British computer pioneering Century Century Century, is a token representing Cardano. It’s worth a nominal $ 33 billion, making him ninth greatest cryptocurst. Koskinson developed in 2015 years, which co-founded Etherum Bloccicin, but left a dispute with other founders. Hoskinson also expressed concern about it Financial world freedomA digital property platform that trump and his sons promote.

Do they have anything to do with the Trump team?

Many Trump’s closest advisors and choices for key policy and regulatory roles have to do with the cryptocurnancy industry. David bags, artificial intelligence and cryptocursion of white houses, said on Sunday, sold all his crypt’s tread, including Bitcoin, Ether and Sol, before the inauguration in January.

But some of the developers of XRP, Solana and Cardano, as well as some famous owners, built connections with Trump Team as the campaign president, and then prepared to retire into operation.

Ripple donated a Trump Inauguration Fund in January, he promised $ 5 million in KSRP Tokens, while Brad Garlinghouse, Ripple’s CEO, went to Washington for cursing Ceremony of curses. Ripple and Garlinghouse were also among the greatest contributions to Fairshake, a super patient who spent $ 135 million during last year’s shooting campaign that support crypts. On the Social Media CS page, Garlinghouse said “he appreciated the Vision of the Krupt’s President of the Prime Minister Digital Reserve Reset for the Industry”.

Solana co-founder – Anatoli Ekovenko and Raj Gokal – retained a lower political profile. However, one of the largest financial bacak Solana was A16Z, Cripto Arm of Venture Capital Group Andreessen Chorowitz. He participated in the middle collection in 2021. year by Solana Labs in the amount of 314 million tokens, with Alameda Ventures, former ventorable undertaking I am Bankman-Fried.

The A16Z job also has an unspecified amount of Solana and was financially supported by Ripple. Co-founder Marc Andreessen and Ben Chorowitz donated $ 2.5 million last summer, while the former global head of Brian Kuintenz’s politics appointed Trump to be the next commission for trading commodity.

Hoskinson advocated more clearly regulation of industry in the United States, discussed potential future policies with senators and hinted in January to meet Trump in Mar-A-Lago. “It’s a good day… You must have some genuine to be in this industry,” he said on Sunday.

Did Trump’s announcement expect?

Trump has signed an executable In January, it will investigate the creation of “national digital stocks”, based on crypto seized by the law enforcement authorities.

But in the weekly social media site, he went further than expected, as he was talking about a strategic screening for cryptocurrency. Although the President spoke in the past in the past on building reserves, most people in the industry assumes that they will mainly consist of Bitcoin.

“This is because it is at least for what is qualified as an extremely high and historically limited metal. Other large funds such as Ethereum do not currently meet this threshold,” Analysts in Signum Bank in the report published immediately before Trump.

Analysts point out that the market values ​​of Solana, KSRP and Cardano are largely based on investor speculation, not because they were platforms to build decentralized finances.

While Bitcoin can claim to offer “protected from long-term debacies, according to Andrew O’Neill, digital asset director at S & P global assessment S & P, not other tokens.

“In contrast, ether and Solana focus on adopting a technological platform, while Cardano and XRP are more speculative due to lower adoption.”

Why now?

At the end of this week, the White House will host its first cryptocurrency summit to discuss future policies. It will host the bags and the inclusion of prominent managers, investors and members of the President’s working group on digital property.

Trump’s announcement could therefore provide a well-time amplifier for the sector.

“February was the worst month for Bitcoin since June 2022. years, a pretty bad look for the new pro-crypto administration,” Geoff Kendrick, analyst at standard chartered.

After Trump Announcement “it was the best weekend since January 2021. Time means expectations on Friday will be for something specific,” he said.