Two days after President Donald Trump announced the creation of a crypto reserve comprising altcoins like XRP and Cardano (ADA), asset prices are down but stable. The current state of price action is everything the crypto community didn’t expect.
For example, many thought top coins like Bitcoin would breach $100,000 and easily soar to all-time highs. Similarly, bullish bets had been placed on Cardano breaching $1.35 and XRP trading above $3.
XRP and Cardano (ADA) Prices Stabilize
While prices fell on Monday, XRP, Cardano, Bitcoin, and Ethereum are firm, peeling back losses.
This market resilience is encouraging and could form the basis for another upward leg that may see leading altcoins reach new all-time highs.
If ADA and XRP extend their gains, it would simply continue the buying trend from Q4 2024.
(ADAUSDT)
XRP more than tripled from its Q3 2024 lows, while ADA nearly rose 200%, surpassing trader expectations. Several reasons explain this uptick.
For XRP specifically, the change in leadership at the United States Securities and Exchange Commission (SEC) is a boost.
Although the SEC retracted its statements, it had initially listed ADA—along with other coins like Decentraland—as unregistered securities.
The agency is also still battling Ripple in court, despite a ruling that retail trading of XRP does not constitute an exchange of unregistered securities.
Overall, the Trump administration is pro-crypto and seeks to provide clarity, creating an environment that encourages innovation.
With this shift in approach, Cardano, a smart contracts platform, is benefiting.
Crypto prices will likely continue increasing in the days ahead, with more volatile price action expected on March 7 when Donald Trump hosts the highly anticipated Crypto Summit in the White House.
Top industry leaders will attend, and apart from news about how the Trump administration will proceed with creating fitting laws, more clarity is expected on how the crypto reserve will be structured and implemented.
Best Crypto Presales to Buy Now: Meme Index (MEMEX) in Focus
As XRP and ADA defy gravity, attention is shifting to Meme Index.
The creators of Meme Index are building a meme coin index fund aimed at straightforward investments in this sector. Currently, the total market cap of all meme coins is over $60 billion.
To achieve this, four categories will be structured according to the investor’s risk profile. On one end, the Meme Titan consists of high market cap coins like Dogecoin, while on the other end, the Meme Frenzy index comprises new meme coins recently launched on platforms like Pump.fun. These are less liquid, but buying them can be rewarding.
Central to Meme Index is the MEMEX token.
Holders will gain access to the above indices, allowing them to reduce risks while maximizing potential gains significantly.
Additionally, MEMEX holders can participate in governance and staking.
Currently, the only way to hold MEMEX is by purchasing the token.
In the ongoing Meme Index presale, MEMEX is trading at $0.0166883. Over $3.9 million has already been raised.
You can buy MEMEX using debit/credit cards, ETH, or other cryptocurrencies.
Only 25 days remain before the presale ends, and MEMEX lists on popular DEXes.
XRP and Cardano firm, investors buying Meme Index (MEMEX)
- XRP and Cardano are firm
- Crypto reserve might include ADA and XRP
- Investors buying Meme Index (MEMEX) token
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