After a $20,000 loss in its price between February 21st and 28th, Bitcoin (BTC) managed to recover yesterday, soaring beyond the $94,000 mark. Led by Bitcoin’s example, numerous altcoins also skyrocketed.
Cardano (ADA) now threatens to break past $1, while XRP (XRP) recovered the losses it faced in late February. However, established altcoins aren’t the only ones receiving increasing attention amidst the market-wide rebound, as investors also show interest in tokens still in their presale phase.
Solaxy (SOLX) and BTC Bull Token (BTCBULL) are bursting through their funding goals following the massive influx of investments into the broader market, which isn’t surprising as these two projects offer unique utility – aligning with Solana (SOL) and Bitcoin, both of which could explode following the recent news.
Trump Names Five Cryptocurrencies For His Upcoming Crypto Strategic Reserve
Following President Donald Trump’s posts on Truth Social, the interest in BTC, ADA, XRP, SOL, and ETH skyrocketed, as the president intends to include them in the planned crypto reserve.
Trump took a pro-crypto stance during his campaign ahead of the 2024 Election Day, promising that the country wouldn’t sell cryptocurrencies it seized under his rule, which has historically driven down the prices of crypto. According to data from Arkham, the US government already owns over $18 billion worth of BTC, which could form the backbone of its upcoming crypto reserve.
Geoff Kendrick, Standard Chartered’s Head of Digital Assets Research, is confident Bitcoin stands a chance to soar to $200,000 by the end of this year, and $500,000 while Trump is in office, which has now become a more feasible target for the leading cryptocurrency.
YO, apes! Standard Chartered’s Geoff Kendrick just dropped a BOMBSHELL!
He’s calling for BITCOIN to skyrocket to a cool $500k before Trump packs his bags! Buckle up, degen fam!
pic.twitter.com/375ivxWmtC
— aiCHANCHO (@ApeWorldSol) February 28, 2025
Trump’s inclusion of ADA could see the token explode past its 2021 ATH of $3.10, as it may signal a shift toward embracing innovative blockchain technologies for the US government. Over the past 24 hours, the token gained 47.83%, pushing its price to $0.9783, which is above its 50-day Simple Moving Average (SMA) of $0.8515, signaling strong potential for further short-term gains.
The president’s endorsement of Ripple’s XRP comes at a pivotal time, as it could help the token unlock its full potential once it gets regulatory clarity and the years of legal battles between Ripple and the SEC end.
Bitcoin’s and Solana’s potential to soar is also putting a spotlight on Solaxy and BTC Bull Token, as SOLX prepares to launch a Layer 2 for Solana and BTCBULL intends to reward its community as BTC climbs toward the $250,000 mark.
Could Solaxy and BTC Bull Token Explode in the New Bull Run?
Solaxy intends to enter the crypto market as more than just another meme coin, as its developers work on a Layer 2 solution that will help Solana process transactions faster, potentially resulting in lower gas fees and helping it resolve its congestion issues.
Investors can currently purchase SOLX for $0.001652 each using ETH, SOL, USDT, or a traditional bank card, but that price is scheduled to increase tomorrow.
Meme coin analyst Austin Hilton believes SOLX is poised to explode, as he believes Solaxy is preparing to enter the market at a perfect time, especially after Trump mentioned that Solana will be a part of the upcoming crypto reserve.
The expert advises his followers to enter the Solaxy presale while the per-token price is low, and has highlighted the project’s massive 165% staking APY as something nobody should miss.
With over $3.1 million raised and a following of over 9,300 supporters across X (Twitter) and Telegram, BTC Bull Token is shaping up to become one of the most hyped presales.
Unlike most meme coins, BTC Bull Token will have strong ties to Bitcoin, as the project’s developers intend to reward their community each time BTC’s price grows by $25,000, starting with the $125,000 mark.
The team behind BTC Bull Token set aside a total of 15% of the token supply for token burns that will occur as Bitcoin’s price rises. Those holding BTCBULL will also earn Bitcoin via airdrops, which has crypto expert ClayBro excited for its future.
The analyst also highlighted the project reserved 10% of the total token supply for a BTCBULL airdrop, which will happen when Bitcoin reaches $250,000. BTCBULL’s current per-token price of $0.00239 is set to increase tomorrow, making this the best time to enter the presale.
The post Bitcoin, Cardano, XRP Among Biggest Winners as Market Rebounds – Next Big Players in the Market? appeared first on CryptoNinjas.
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