Large-cap altcoins XRP, Solana, and Cardano topped the market gainers list Sunday after President Donald Trump confirmed their inclusion in a U.S. strategic cryptocurrency reserve.
What happened: Trump announced that the Presidential Working Group is moving forward to establish a cryptocurrency reserve that includes XRP, Solana, and Cardano. The three popular altcoins started to surge instantly.
Cardano’s native token ADA reacted the strongest, surging 57% in the last 24 hours, while its trading volume jumped by a whopping 1405% to $9 billion.
The rally sent ADA past $1 after more than five weeks.
The Moving Average Convergence Divergence, which compares two exponential moving averages of price, flashed a “Buy” signal for ADA as of this writing, according to TradingView. Nearly all of the moving averages also indicated a bullish sentiment.
| Cryptocurrency | Gains +/- | Price (Recorded at … |
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