Key Insights:
Donald Trump had declared the inclusion of XRP, SOL, and ADA into the US Crypto Reserve.
Announcement from Trump's Truth Social sent these cryptocurrencies into a spiraling rally.
The choices are based on his "Made in USA" theme.
Chainlink (LINK), Hedera Hashgraph (HBAR), and Litecoin (LTC) could be the next choice for the Strategic Reserves.
With his latest series of posts on Truth Social, US President Donald Trump has confirmed that the US National Digital Assets Stockpile would be a multi-asset one with confirmed inclusion for XRP, Solana (SOL), and Cardano (ADA).
The President has also included how Joe Biden and his administration had gone anti-crypto during his tenure. Biden and Gary Gensler's anti-crypto crusade was a major election narrative in the run-up to the 2024 US Presidential Elections. In his rallies, he made ten big promises on how he would deal with crypto issues when he becomes the President.
After becoming the US President, Donald Trump had invalidated all the Biden-era anti-crypto policies. He started delivering on his promises with the release of Ross Ulbricht, the Silk-Road founder who was sentenced to dual life imprisonments under the Biden administration.
The announcement sent XRP, SOL, and ADA towards a spiraling rally. XRP rose by 30% since the announcement, while SOL got up by 20% and ADA shot up by 60%.
XRP Price Charts in the Last 24 Hours
Solana Price Charts in the Last 24 Hours
ADA Price in the Last 24 Hours
After Donald Trump kept his policy of including Made in America projects in the US Crypto Reserves and validated our previous prediction, we have a much stronger reason to believe that these cryptocurrencies would also find a place in the reserves soon.
Besides being made in America, cryptocurrencies LINK, HBAR, and LTC play a central role in the world of crypto and provide critical infrastructure to the entire industry.
Chainlink is the single major crypto oracle with applications ranging from smart contracts, DEXs, web3 gaming, Dapps, Defi Protocols, and much more. Without LINK, it would be impossible to run a smart contract that relies on external data securely.
Hedera is a unique crypto network where data is added much faster than a blockchain without compromising security. It relies on an acyclic graph which adds multiple blocks at a time rather than adding them one by one like a blockchain.
The application ranges from metaverses to on-chain exchanges and several other platforms that generate high-volume on-chain data.
Lately, Hedera has become one of the top cryptocurrencies due to all these fundamental factors. At press time, it is the 11th largest cryptocurrency with a market cap of $11 billion.
Litecoin is the next logical choice for the US Strategic Reserve because of its close resemblance to both Bitcoin and XRP. Additionally, the Litecoin blockchain is much faster than Bitcoin, with a block time of just 2.5 minutes.
Further, the availability of solutions like LTC Pay enables it to provide very fast cross-border settlements with a fraction of fees.
Dogecoin enjoys high followership and, in technical terms, is a blockchain very close to Bitcoin. This helps open endless possibilities to make it a secure cross-border settlement mechanism like XRP.
Another reason why DOGE could be a top choice is because Elon Musk is the chair of the Department of Government Efficiency and has been one of the key advocates for Bitcoin.
Algorand is the only major crypto project with a functional quantum-proof blockchain that can be scaled without the need for an additional scaling protocol like Ethereum needs.
Further, being built by a team of Stanford professors and researchers, it is close to being a top contender in the list of potential assets in the US Crypto reserve.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.