Cryptocurrency markets increased after the US President Donald Trump was announced with a potential strategic cryptography reserve, but analysts warn that the rally may be compact -lived.
On March 2, Trump said that his working group for digital assets was ordered to cover three Altcoins – XRP (XRP), Solana (SOL) and Ada Cardano (ADA) – in the American cryptographic reserve, CointeLgraph informed.
The announcement caused market reflection, and global cryptographic market capitalization increased by almost 7% to $ 3.04 trillion, while Bitcoin (BTC) violated a psychological sign worth USD 95,000 USD after 7.7% of the Medentary Rally.
Source: Donald J. Trump
However, the rally may be fleeting due to the long approval process required to establish an American cryptographic reserve, according to Aurelie Barthere, the main research analyst at Blockchain Analytics Nansen:
“I think it is a reserve by buying new tokens is a complex process that will require a congress vote, so it will take some time. I would be a bit cautious about the sustainable development of today’s movement. “
Some analysts expect a direct DNA of the market after lively Bitcoin addresses have reached almost three -month high level 28 February, signaling that the market is in a “key turning point” that can signal the “moment of surrender”, in accordance with the Crypto Intelligence platform platform platform platform platform platform platform platform platform platform platform
Related: Related: Solana will drop by 45% from the moment the Trump tokena is launched, when Memecoins direct liquidity
Analysts warn against compact -term variability
Ada, Sol and XRP exceeded the Trump’s advertisement market about their inclusion in the American strategic reserve.
ADA, SOL, XRP, 1-day chart. Source: Cointelegraph
However, according to Nicolai Sondergaard, research analyst at Nansen, research analyst at Nansen, research analyst from Nansen, research analyst from Nansen, research analyst at Nansen, research analyst from Nansen, research analyst at Nansen, research analyst from Nansen, Nansen research analyst, but an analyst, but an analyst, but an analyst Research in Nansen, however, may be restricted, but it may be restricted and invites significant variability in the compact -term perspective.
The analyst told Cointelegraph:
“As Aurelie recalls, it will probably not be so easy and I expect that today particularly variability in these tokens (already seen in ADA almost affects USD 1.17, and now it is 0.94 USD).”
“Regardless of how long these profits will last, it is temporarily positive for the market, but the question about the future is whether any of them will happen. If not, it will probably be a negative message for cryptocurrencies – he added.
Related: Ronaldinho introduces a token with 35% confidential supply, goes to market capitalization $ 397 million
Despite this, cryptocurrency investors are still waiting for other industry -specific development as potential catalysts, including the first cryptographic peak of the White House, which is to host President Trump in March. 7.
Although there are no additional details about the peak program, Stablecoin regulation and regulations related to the potential strategic reserve of cryptocurrencies were at the forefront of regulatory discussions in the US.
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