The cryptocurrency market experienced a significant shake-up after former President Donald Trump announced the launch of the U.S. Crypto Strategic Reserve, incorporating Solana (SOL), Cardano (ADA), and XRP as its primary assets. This move ignited a surge in crypto prices, with ADA, SOL, and XRP witnessing dramatic gains amid renewed investor enthusiasm.

Cardano saw the most remarkable spike, momentarily crossing the $1 mark before stabilizing at $0.96. Trading volume skyrocketed by over 1,600% within three hours, reflecting a surge in market interest. Analysts suggest that ADA’s improving DeFi infrastructure, coupled with federal recognition, could sustain its upward trajectory. However, concerns linger over potential investor sell-offs in response to the announcement.

Solana also reaped the benefits, hitting $172 before adjusting to $160. Market observers predict that SOL could reach $200, with institutional adoption and speculation about a Solana ETF fueling further interest. However, past network disruptions and upcoming token releases could slow down its ascent.

Meanwhile, XRP saw a 30% jump to $2.80 before settling at $2.60. Its inclusion in the reserve is seen as a potential turning point in its longstanding regulatory struggles, with hopes that clearer legal frameworks will push the price toward $3.50 or even $4. However, uncertainty remains regarding the extent of governmental backing for Ripple’s technology.

One notable omission from Trump’s reserve was Remittix, a PayFi-focused altcoin that continues to gain traction. Despite its exclusion, Remittix has maintained strong investor interest, raising $13.4 million in a rapid presale. Its growing adoption in cross-border transactions positions it as a viable alternative, proving that government approval is not always a prerequisite for success.

The long-term impact of Trump’s crypto initiative remains uncertain, but for now, the market is responding with renewed optimism. Whether these federal endorsements will translate into sustained growth or temporary hype remains to be seen, but the race for dominance in the crypto space is clearly heating up.