XRP, ADA, and SOL to Remain Bullish: Ripple CEO Talks Altcoins
The post XRP, ADA, and SOL to Remain Bullish: Ripple CEO Talks Altcoins appeared on BitcoinEthereumNews.com.
Brad Garlinghouse said that tokens associated with US firms will remain bullish. XRP surged almost 10% while ADA skyrocketed 25.59% in the past day. SOL also increased by more than 5% while its market cap remains above $100 billion. Brad Garlinghouse, CEO of Ripple, linked the success of U.S.-based cryptocurrencies to the outcome of the recent presidential election during a discussion with FOX Business anchor Liz Claman. He highlighted Cardano (ADA), Solana (SOL), and XRP alongside Bitcoin (BTC) as top-performing assets since Election Day, attributing their surge to heightened optimism surrounding Donald Trump’s victory and his anticipated pro-crypto policies as President-elect. According to FOX Business journalist Eleanor Terrett’s post on X (formerly Twitter), Garlinghouse credited U.S.-based digital assets for consistently outperforming the broader cryptocurrency market. The Ripple executive pointed to Donald Trump’s victory in the 2024 U.S. presidential elections as a driver for his optimism about these tokens. The crypto community anticipates crypto-friendly policies under Trump’s administration once federal agencies, including the SEC, finalize leadership changes. Reports suggest that Trump’s advisers are considering appointing key industry figures to influential positions, such as the U.S. Securities and Exchange Commission (SEC), currently led by Gary Gensler. Gensler has been a noted critic of digital assets, creating tension between regulators and the crypto industry. Trump Administration’s Crypto-Friendly Policies: A Bullish Catalyst According to CoinMarketCap data, SOL has surged by more than 5% in the past 24 hours and is trading at the $220 price level. In the past seven days, the cryptocurrency has surged 10.70% while skyrocketing 42.82% in the past 30 days. Ranked as the fourth-largest cryptocurrency in the market, SOL has attained a market cap of $104 billion amid the recent surge. Read also: Jay Clayton Nominated as Manhattan U.S. Attorney by Trump On the other hand, XRP has jumped a…
Filed under: News - @ November 16, 2024 7:20 am