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Will The US Adopt XRP Alongside Bitcoin?
Published
5 days agoon
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adminThe potential inclusion of XRP in the US Strategic Reserve has sparked intense debate, with experts sharply divided on the matter. While proponents like Ripple CEO Brad Garlinghouse recommend a diversified US strategic reserve, Bitcoin maximalists vehemently oppose the idea.
Since the 2024 Bitcoin Conference in Nashville, the community has eagerly awaited the US adoption of a strategic Bitcoin reserve. The recent executive order from President Donald Trump to develop a national digital asset stockpile has significantly intensified excitement. However, the focus shifted to a possible XRP reserve following Garlinghouse’s crucial statement.
Community Divides over US Strategic Reserve: XRP or Bitcoin?
In his X post, crypto influencer Scott Melker, also known as The Wolf of All Streets, commented on the possibility of an XRP reserve in the United States. Reiterating his previous views, Melker stated, “I don’t share rumors unless I hear them from multiple, reliable sources.”
However, Bitcoin enthusiast Wayne Vaughan strongly rejected the notion of an XRP reserve, warning that “including anything other than Bitcoin would have serious negative consequences.” Another popular Bitcoin figure known on X as AP_Abacus shared an anonymous but uniquely connected comment on the XRP reserve. The comment suggested that XRP’s attempts to join the US reserve are ultimately doomed to fail, as Bitcoin remains the undisputed focus.
Ripple’s Alleged Efforts to Hail XRP as US Reserve
Further, Scott Melker substantiated his claims by referring to American entrepreneur Jack Mallers’ controversial statement about Ripple.
Recently, Mallers alleged Ripple of “undermining American prosperity and freedom,” by trying to block the US Bitcoin strategic reserve. Describing Ripple’s act as “corporate lobbying disguised as innovation,” he stated that Ripple is spending millions to include XRP in the US strategic reserve.
The topic of the XRP reserve comes amidst recent developments in the Ripple-SEC lawsuit, with the crypto extension filing for an extension to file its brief. Meanwhile, Gary Gensler’s resignation and the recent developments within the SEC have sparked excitement in the community, anticipating a conclusion to the ongoing legal battle.
Brad Garlinghouse’s Theory of Diversified Strategic Reserve
Notably, the idea of an XRP reserve has surged following a significant statement by Ripple CEO Brad Garlinghouse, who discussed the potential for a diversified strategic reserve. However, Garlinghouse didn’t solely advocate for XRP as a reserve asset but proposed a blend of various digital assets. Garlinghouse stated,
I own XRP, BTC, and ETH, among a handful of others – we live in a multichain world, and I’ve advocated for a level-playing field instead of one token versus another. If a govt digital asset reserve is created – I believe it should be representative of the industry, not just one token (whether it be BTC, XRP or anything else).
Donald Trump’s Strategic Bitcoin Reserve
During his election campaigns, Donald Trump proposed a strategic Bitcoin reserve, gaining widespread traction. Influenced by Trump’s progressive approach, global powers like Bhutan, Hong Kong, Germany, the Czech Republic, and many more are embracing a similar stance.
However, as Trump hasn’t unveiled his decision on the Bitcoin reserve after his inauguration on January 20, the community remains anxious. The recent focus shift to an XRP reserve has further escalated the debate around the future of cryptocurrency reserves in the US.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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TRUMP Price Crashes 13% Despite Donald Trump’s Pump Attempt, What’s Next?
Published
5 hours agoon
February 2, 2025By
adminSolana-based Official Trump meme coin has come under strong selling pressure hours after Donald Trump posted about it on his social media platform Truth Social. The TRUMP price is down by 13% in the last 24 hours taking a dive under $20. On the weekly chart, the meme coin has lost more than 33% while it is down 70% from its all-time high of $75.
TRUMP Price Crashes Under $20
With the onslaught of the bears, the TRUMP price is down more than 13% to below $20. Also, the daily trading volume has surged by 65% to more than $3.4 billion as traders move to dump it.
Furthermore, the derivatives data from Coinglass shows that the TRUMP open interest has also slipped by more than 13% to $720 million while the 24-hour liquidations have soared to more than $15 million with $11 million in long liquidations.
Buy the Dip Opportunity for TRUMP Investors?
After hitting the daily low of $18.75, the TRUMP price bounced back and is currently trading at $21.09. Several market analysts believe that this is a buy-the-dip opportunity for crypto investors. Captain Faibik, a prominent market analyst, has weighed on it.
“Buying the $TRUMP dip! The falling wedge is still in play, expecting a strong bounce back,” Captain Faibik on X stated, pointing to the technical pattern suggesting a possible bullish reversal.
The falling wedge, often seen as a precursor to price breakouts, has fueled speculation that TRUMP could stage a significant comeback. Another market analyst Edward Morra stated that the TRUMP price bounced back from the perfect support at $20. He further added that he would be going long on the altcoin from here. “Went a bit deeper than I expected. Loaded up on TRUMP (average $21.5). Ideally, looking for a bullish reclaim above $25 for continuation,” he said.
Donald Trump’s Attempt to Pump
With the TRUMP price crashing nearly 70% from its all-time high, President Donald Trump took to social media to promote his meme coin. “I LOVE $TRUMP!!” President Trump wrote in a Truth Social post asking users to get back and buy the meme coin.
However, crypto industry players have criticized this move with SkyBridge Capital founder Anthony Scaramucci slamming the President. In a message on the X platform, Scaramucci wrote:
“President Trump posted on Truth Social last night in an attempt to “pump” his $TRUMP memecoin (yes that’s a real sentence that many have normalized). The result has been an acceleration of the “dump,” now down 70% from its peak. The jig is up”.
The Official Trump token has slipped to the fourth spot losing in this latest fall, losing the third spot to PEPE Coin. The broader crypto market is down today as Trump tariffs kick in which could lead to another major crash ahead.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Analyst Forecasts Cardano Price Could Hit $1.40 After Consolidation
Published
21 hours agoon
February 1, 2025By
adminCardano (ADA), a leading proof-of-stake cryptocurrency, has been undergoing a consolidation phase over the last two months. Market analysts are optimistic about ADA’s price potential, highlighting a possible 40% increase to $1.40 by March 2025. This prediction is based on the symmetrical triangle pattern on ADA price charts, suggesting a breakout and crypto rally.
Will Cardano Price Surge 40%? Analysts Predict $1.40 Price Target
Analyst Ali Martinez recently analyzed Cardano price movements and shared insights via social media platforms. According to Martinez, the formation of a symmetrical triangle on ADA’s four-hour chart could indicate a strong upward movement. This technical pattern and increasing investor interest suggest a bullish outlook for ADA.
Additionally, Cardano (ADA) has shown strong resilience in past market cycles, breaking through key resistance levels and achieving impressive price surges. Its previous rally beyond $2.77 reinforced optimism among traders and investors. Analysts now point to historical trends as a foundation for future price action, suggesting that ADA could replicate similar breakouts.
Analyst Javon Marks has supported the bullish predictions, recently highlighting key levels from previous cycles. Notably, $1.33 and $2.50 have been identified as crucial resistance zones that could dictate ADA’s next major move. If the price breaks above these levels with strong volume, it could pave the way for a run toward $5.2 and $7.8.
$ADA (Cardano) –
$2.7709
$5.296201
$7.821502By past bull breakout performance, each and every one of these levels can be broken above as another breakout is holding… https://t.co/cX1nCOtnt4 pic.twitter.com/CVe618GnOc
— JAVONMARKS (@JavonTM1) February 1, 2025
Moreover, Cardano network has seen significant enhancements with the introduction of the Plomin hardfork. This upgrade is part of the ongoing efforts to achieve 100% decentralization and improve scalability. Such developments enhance the network’s functionality and boost investor confidence in ADA’s future.
Increased Investor Confidence
The open interest in ADA has witnessed a substantial increase, with $1.31 billion tied up in futures trading. This surge in open interest reflects growing investor confidence in Cardano. The heightened activity indicates that investors are optimistic about Cardano price trajectory heading into 2025, betting on its ability to surpass the $1 price mark amid crypto rally.
More so, a recent CoinGape report highlighted the Cup & Handle formation, pointing to a potential crypto rally. This bullish pattern suggests that Cardano price could break above key resistance levels, setting the stage for further gains. If the breakout is confirmed, analysts anticipate an initial surge to $1.30, with a possible extension toward $1.796.
At press time, ADA is trading at $0.9313, reflecting a 3% decline over the past 24 hours. The market cap has dropped to $32.76 billion, while trading volume sits at $571.8 million.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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5 Altcoins to Sell Now Before This Monday to Prevent Losses
Published
1 day agoon
February 1, 2025By
adminAfter a market crash in January, altcoins are again experiencing turbulence. Although such turbulence is temporary, mixed investor sentiments significantly affect the performance of digital assets. Moreover, the crypto market is notoriously volatile, which puts pressure on their performance, so it is essential to consider which cryptos to handle and which to sell. In this blog, we will discuss five altcoins to sell before this Monday to avoid potential losses.
5 Altcoins to Sell Now
The Santiment reports revealed the increased buying pressure in the crypto market, where selling sentiments are almost negligible. However, the ongoing market conditions are putting a lot of investors in losses due to increased volatility, which creates the requirement to sell the specific cryptos—especially considering PNUT, TRUMP, JELLY, CHARLES, X, and a few other altcoins to sell due to their poor performance.
1. Peanut the Squirrel (PNUT)
PNUT gained significant attention in 2024 due to the mass coverage of the story of the Peanut squirrel, which got euthanized on the pretext of rabies. Soon, someone created a token on the same, which went viral in the industry. However, due to continuous Peanut the Squirrel controversies and the lack of bullish factors, the PNUT price continues to decline. It is facing a 90% decline from its prime, creating the need to sell before investors lose more.
2. Official TRUMP (TRUMP)
TRUMP meme coin is launched by the current US president, Donald Trump. The Trump token peaked at new highs with this association and gained attention. However, the same is among the top altcoins to sell this week, as its hype ended, resulting in a 70% drop in TRUMP price over two weeks. Moreover, critics have raised concerns about Donald Trump’s involvement with volatile assets. As a result, it is a factor that could influence TRUMP’s price further.
3. Jelly My Jelly (JellyJelly)
The Venmo founder launched the JellyJelly token just a few days ago, which became an instant hit among investors. However, a recent Santiment report identified that the token lacked primary fundamentals or developments before speculating the possibility of pump and dump. Moreover, the JellyJelly price has continuously declined on the charts, making it problematic and crypto to sell.
4. Charles (CHARLES)
The owner of the ADA meme, CHARLES, made a strategic move, sending 90% of the total supply to Cardano founder Charles Hoskinson. This was done to capitalize on the founder’s name. However, Hoskinson burned all ADA meme coins to save investors from this sketchy token falsely associated with his name. The token has already crashed on the chart and may continue to decline due to the burning of 90% of its supply.
5. X Empire
The native token of the popular Telegram mini-game, X Empire, failed to perform in the market. The token has been suffering since its launch and has worsened since then. Its price has declined more than 85% from its peak. With time, the price may continue to decline, as this crypto project has no new upcoming update.
Disclaimer: This blog analyzed some of the altcoins to sell. Although the conclusion is made considering their price performance and investor sentiments, the outcome may vary. The crypto market is filled with uncertainties and changing trends, so investors must do their research.
Final Thoughts
Amid the market volatility, PNUT, X Empire, JellyJelly, TRUMP, and CHARLES have become the top picks for altcoins to sell due to poor performance on the chart. All these crypto tokens exhibit poor performance and face significant events that cater to their decline. Crypto investors could consider these tokens to lose after doing proper research. Meanwhile, they can consider Bitcoin, XRP, and a few other cryptos to buy before Monday due to their incredible performances.
Pooja Khardia
With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.
As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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