$ADA Reasons for the Rise of the Currency $ADA #كاردانو #Binance #Square #كاردانو (ADA) Tops the Charts for VolatilityAccording to Kaiko's research, this rise in volatility is the highest recorded for any major altcoin since the massive sell-off in February. This was when market-wide disruptions briefly disrupted the rising cryptocurrency market.
Cryptocurrencies
Why Trump is Betting on Less Known Cryptocurrencies as Part of His Strategic Reserve Plan
The "crypto" market saw strong support after U.S. President Donald Trump announced a move towards creating a strategic reserve of digital assets, causing Bitcoin to jump by as much as 10%, in contrast to a month-long decline, following the President's announcement via his platform "Truth Social" on Sunday (despite its decline the next day after the announcement of Trump's tariff plan on Canada and Mexico).
However, what sparked the biggest gains - during Sunday trading - was Trump's mention of lesser-known coins like "XRP," "Solana," and "Cardano" among the list of potential assets in the proposed reserve, with the Ada currency associated with the "Cardano" chain rising by 71%.
According to Trump, the reserve will ensure that the United States becomes the "cryptocurrency capital of the world." Both Solana Labs and Ripple Labs, which develop the "Solana" and "XRP" tokens, are central to this initiative.