The U.S. cryptocurrency market experienced significant growth following the recent presidential election. Ripple leaders associate this surge with Donald Trump's victory and his expected pro-crypto policies.
Brad Garlinghouse's Opinion
Brad Garlinghouse, CEO of Ripple, highlighted the increasing success of U.S.-related cryptocurrencies. In his interview with Liz Claman, he pointed out that tokens like ADA, SOL, and XRP have outperformed others due to Trump's victory and anticipated regulatory relief. Garlinghouse sees this as a reflection of the optimism surrounding pro-crypto policies.
Token Growth Post-Election
XRP token surged by nearly 10%, while ADA soared by 25.59% in a day. SOL also increased by more than 5%, with its market cap remaining above $100 billion. This rise is attributed to improved sentiment within the U.S. crypto market.
Optimism in the Crypto Market
According to FOX Business journalist Eleanor Terrett, Garlinghouse credited U.S. cryptocurrencies for often outperforming the broader digital asset market. He attributes this trend to anticipated political support from the new administration.
The increase in U.S. cryptocurrency prices post-election indicates positive market expectations. Market participants hope for a favorable climate for digital assets under the president's administration.
