Trump proposes to include SOL and other coins in reserves, short-term market rise may be difficult to sustain.

Analyzing Trump's proposal to include SOL, XRP, and ADA in national reserves

Recently, the cryptocurrency market has seen a wave of growth, mainly due to Trump's remarks about incorporating certain cryptocurrencies into the national reserves. However, this rise may just be a short-term phenomenon, lacking sustainability.

Trump frequently speaks out about cryptocurrencies, but his influence may gradually diminish. Real changes in the market require substantial policy implementation and large-scale capital inflows.

It is worth noting that the timing of this announcement is quite special, as it was made on a weekend rather than a weekday. This may suggest that it is intentional, with the aim of driving up sales during the weekday, since retail investors mainly participate in trading on weekends.

Especially considering that Solana will be unlocked on March 1st, the release of positive news at this time may be to alleviate the selling pressure brought by the unlocking, while also stimulating a market rebound.

The SOL, XRP, and ADA cryptocurrencies mentioned by Trump may have vested interests behind them, possibly related to political donations from the project parties, and all these projects have ties to the United States.

This phenomenon reflects a significant transformation in the power structure of the cryptocurrency industry. The entry of traditional financial giants and political capital is changing the landscape of the industry. The original cryptocurrency capital is withdrawing, selling off historical assets and recovering previous investments.

For ordinary investors, it may be advisable to reduce holdings in existing small cryptocurrencies, preserve the principal, and wait for new investment opportunities to arise. In the future, particular attention may need to be paid to cryptocurrency projects with an American background.

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
  • 6
  • Share
Comment
0/400
ForkTonguevip
· 15h ago
Again drawing BTC.
View OriginalReply0
NewPumpamentalsvip
· 07-11 21:36
Old Chuan is too familiar with this trap.
View OriginalReply0
DeFiVeteranvip
· 07-10 16:13
Be Played for Suckers again, tm.
View OriginalReply0
MiningDisasterSurvivorvip
· 07-10 16:06
Another wave of sucker harvesting announcement. Buddies, don't let Favourable Information cloud your judgment.
View OriginalReply0
BitcoinDaddyvip
· 07-10 16:04
Is Chuanzi up to his tricks again?
View OriginalReply0
ApeEscapeArtistvip
· 07-10 15:54
Another Pump and Dump? Be careful, retail investors.
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)