Will the US token trend lead the entire crypto market into altseason?
The crypto market's current narrative is heavily influenced by US political developments, particularly President Trump's crypto-friendly stance. While he's delivered on numerous pledges, the looming threat of trade wars and a potential financial recession has dampened market enthusiasm. A catalyst is needed to dispel this prevailing fear and uncertainty.
Within this context, US-based tokens are garnering increased attention. Trump's mention of XRP, SOL, and ADA as potential candidates for a crypto reserve fund [1], coupled with Eric Trump's sharing about tax-free benefits for US crypto investments [2], and Coinmarketcap's dedicated "Made in USA tokens" list [3], suggests a strategic buildup. These factors position US tokens for a potential breakout, contingent on a significant market-moving event.
David Sacks' assertion that Trump's mention of XRP, SOL, and ADA was purely due to their marketcap ranking, while seemingly logical, warrants a closer examination. He argues there's "nothing special" about their inclusion [4]. However, a quick glance at CoinMarketCap reveals a nuanced picture. Beyond the giants and stablecoin (BTC, ETH, USDT, USDC), the market cap hierarchy shows: XRP (138B USD), BNB (86B USD), SOL (69B USD), then a significant drop to ADA (26B USD).
Monitoring BNB closely reveals a curious anomaly. Its marketcap, approximating the combined market caps of SOL and ADA, makes its omission from Trump's recent comments conspicuous. A potential explanation lies in the theory that Trump's focus was limited to top-tier "Made in USA" tokens. Given Binance's BNB's non-inclusion on such a list, its exclusion from Trump's remarks would be consistent.
Conspiracy theories are everywhere, and I love thinking about them when the boring market gives us a break and lets us look for interesting stories about the market itself. I think the market needs more momentum to break out, and I won't pass up an opportunity with US tokens if this trend explodes soon. I still remember the rise of Made in China tokens right after Hong Kong was allowed by China to experiment with crypto, many investors made huge profits by seizing that opportunity.
I'd like to know your opinion on this:
References:
[1] Donald Trump Names XRP, SOL, ADA, BTC and ETH as Part of U.S. Crypto Reserve
[2] Eric Trump Confirms U.S.-Based Crypto Projects Will Benefit From Zero Capital Gains Tax
[3] Made in America Tokens
[4] David Sacks says XRP, SOL and ADA are in Trump’s spotlight due to market cap dominance
Within this context, US-based tokens are garnering increased attention. Trump's mention of XRP, SOL, and ADA as potential candidates for a crypto reserve fund [1], coupled with Eric Trump's sharing about tax-free benefits for US crypto investments [2], and Coinmarketcap's dedicated "Made in USA tokens" list [3], suggests a strategic buildup. These factors position US tokens for a potential breakout, contingent on a significant market-moving event.
David Sacks' assertion that Trump's mention of XRP, SOL, and ADA was purely due to their marketcap ranking, while seemingly logical, warrants a closer examination. He argues there's "nothing special" about their inclusion [4]. However, a quick glance at CoinMarketCap reveals a nuanced picture. Beyond the giants and stablecoin (BTC, ETH, USDT, USDC), the market cap hierarchy shows: XRP (138B USD), BNB (86B USD), SOL (69B USD), then a significant drop to ADA (26B USD).
Monitoring BNB closely reveals a curious anomaly. Its marketcap, approximating the combined market caps of SOL and ADA, makes its omission from Trump's recent comments conspicuous. A potential explanation lies in the theory that Trump's focus was limited to top-tier "Made in USA" tokens. Given Binance's BNB's non-inclusion on such a list, its exclusion from Trump's remarks would be consistent.
Conspiracy theories are everywhere, and I love thinking about them when the boring market gives us a break and lets us look for interesting stories about the market itself. I think the market needs more momentum to break out, and I won't pass up an opportunity with US tokens if this trend explodes soon. I still remember the rise of Made in China tokens right after Hong Kong was allowed by China to experiment with crypto, many investors made huge profits by seizing that opportunity.
I'd like to know your opinion on this:
- Do you have any expectations for the success of Made in US tokens in the near future?
- Are you currently holding or looking to invest in any Made in US tokens?
- Are you still waiting for the altseason to continue?
References:
[1] Donald Trump Names XRP, SOL, ADA, BTC and ETH as Part of U.S. Crypto Reserve
[2] Eric Trump Confirms U.S.-Based Crypto Projects Will Benefit From Zero Capital Gains Tax
[3] Made in America Tokens
[4] David Sacks says XRP, SOL and ADA are in Trump’s spotlight due to market cap dominance